6-1 Presentation: International Accounting Standards Assignment Please see the attached. for instructions So far all the papers since January that I submitted on this site my professor gave me an F.
Instructions from Professor in regards to Presentation
This week’s work will focus on gaining an understanding of the differences between:
GAAP & IFRS
Rules-based vs. principles-based accounting standards
And, the challenges of global corporate governance
Our work will include:
Two articles and a video to read / view in regard to effective presentations
A reading from the text, Ch. 8: Ethical Leadership & Decision Making in Accounting
Chapter highlights include:
Ethical failings at Arthur Andersen
Types of leadership, organizational culture, values-driven leadership
Presentation 6-1: GAAP & IFRS: discussing differences in the accounting standards.
>>> Hint: Critical Success Factor <<<
Two scenarios published within the last 5 years
An example of how to do this:
Scenario 1: Pull up the Form 10-K of your favorite U.S. company. Make reference to the reporting and note disclosures of a particular reported item such as Microsoft’s revenue recognition. Discuss how the reporting of that item would differ under IFRS.
Scenario 2: Pull up the published financial reports of your favorite foreign company such as VW. Select an item in the reporting and discussed in the IFRS note disclosures such as VW’s inventory methodology. Discuss how the reporting and treatment of that item would differ under GAAP.
For your work on the presentation you may find this information from the AICPA to be useful as it provides a discussion of a variety of aspects of convergence of GAAP and IFRS with links to other authoritative sources of information. See https://www.aicpa.org/advocacy/issues/us-intlacctprinconvergenceandifrs.html.
Quality Reminder: Please make sure to utilize authoritative research to support your work and please do avoid repurposing slide presentations that can be found on the internet. Instead, use your own words and thoughts and take advantage of this opportunity to develop your creativity and PowerPoint skills to create your own unique presentation!
