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.