AC 554 Final Project For your Final Project, you will write a 7–10-page paper about the possible implementation of IFRS in the United States

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Final Project For your Final Project, you will write a 7–10-page paper about the possible implementation of IFRS in the United States

Final Project

For your Final Project, you will write a 7–10-page paper about the possible implementation of IFRS in the United States. Your paper should include, but not be limited to, the following items:

  • Information on the origin and development of global financial reporting including the driving forces behind it.

  • The development of IFRS and the standard-setting bodies related to the set of standards.

  • A review of the conceptual and technical differences that still exist between IFRS and United States GAAP.

  • A discussion of the progress towards harmonization of United States GAAP and IFRS and key issues that still impede transition.

  • An evaluation of possible approaches to implementation of IFRS (including adoption, convergence, endorsement, and condorsement) that thoroughly supports your recommendation for the way forward.