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Some implications of IFRS adoption for accounting education

Jackling, Beverley and Howieson, Bryan and Natoli, Riccardo (2012) Some implications of IFRS adoption for accounting education. Australian Accounting Review, 22 (4). pp. 331-340. ISSN 1835-2561

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Abstract

This paper addresses challenges accounting educators face in their teaching following the adoption of International Financial Reporting Standards (IFRS). We use Australia as an example of a developed nation and 2005 adopter of IFRS, the United States as a potential adopter, and Romania as an emerging economy with a history of harmonisation and adoption initiatives. Accounting educators globally need to strengthen their engagement with the principles-based approach to teaching IFRS. Teaching resources, educational research and Continuing Professional Development activities related to a principles-based approach to teaching IFRS are necessary for educators to enrich the learning experience of students given the move from a rules-based to a principles-based set of accounting standards.

Item Type: Article
Uncontrolled Keywords: ResPubID25604, accounting principles, GAAP, international financial reporting standards, IFRS, International Accounting Standards Board, IASB, rules based education model, Securities and Exchange Commission, SEC, framework-based teaching, student-centred pedagogy
Subjects: Faculty/School/Research Centre/Department > School of Economics and Finance
FOR Classification > 1303 Specialist Studies in Education
FOR Classification > 1501 Accounting, Auditing and Accountability
FOR Classification > 1502 Banking, Finance and Investment
Depositing User: VUIR
Date Deposited: 05 Jun 2013 05:06
Last Modified: 10 Feb 2014 03:13
URI: http://vuir.vu.edu.au/id/eprint/21775
DOI: 10.1111/j.1835-2561.2012.00197.x
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Citations in Scopus: 3 - View on Scopus

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