IFRS in the Accounting Curriculum - Implications from Different Perspectives

Abstract

The switch from United States Generally Accepted Accounting Principles to IFRS is an extremely large undertaking which will have far reaching effects. Many studies have focused on the effect of possible adoption of IFRS from the perspectives of companies, accountants, or other business stakeholders. This paper attempts to obtain feedback regarding possible IFRS adoption from different angles, particularly from student perspective. Specifically, this paper surveys student comfort level on IFRS new standards as well as their opinions on how well the current curriculum teaches IFRS.

Key words: International Financial Reporting Standards (IFRS); US GAAP; accounting curriculum