Peyton, Inc: An IFRS Project For The First Intermediate Accounting Course
- ASU Author/Contributor (non-ASU co-authors, if there are any, appear on document)
- Dr.. Ken S. Brackney, Professor (Creator)
- Institution
- Appalachian State University (ASU )
- Web Site: https://library.appstate.edu/
Abstract: In 2008, the Securities and Exchange Commission (SEC) proposed a roadmap to issuing new rules that would require US domestic listed companies to adopt International Financial Reporting Standards (IFRS) by as early as 2014. Last year, the SEC suggested a slight variation on the path that could lead to US Generally Accepted Accounting Principles (GAAP) continuing for the foreseeable future and only gradually, over time, changing in the direction of IFRS. Given the situation, accounting educators who teach financial accounting courses face a major challenge in determining whether, and how, to integrate IFRS content into their courses. This paper offers a project that instructors teaching the first intermediate accounting course can use to give students exposure to IFRS and some of the major differences with US GAAP.
Peyton, Inc: An IFRS Project For The First Intermediate Accounting Course
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Created on 2/17/2022
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Additional Information
- Publication
- Brackney, K. (2012). Peyton, Inc: An IFRS Project For The First Intermediate Accounting Course. Accounting Instructors' Report (Fall 2012). Publisher version of record available at: https://www.needles-powers.com/AIR/AIR_2012_fall.pdf
- Language: English
- Date: 2012
- Keywords
- accounting, Securities and Exchange Commission (SEC),
International Financial Reporting Standards (IFRS),
Peyton, Inc, US Generally Accepted Accounting Principles (GAAP)