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Accounting

Honors Theses

Coastal Carolina University

SEC

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The Effect Of Ifrs Convergence On Coastal Carolina University Accounting Major Students, Stephanie Wehrung Dec 2011

The Effect Of Ifrs Convergence On Coastal Carolina University Accounting Major Students, Stephanie Wehrung

Honors Theses

The Securities and Exchange Commission (SEC) has been working with the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) in converging United States Generally Accepted Accounting Principles (US GAAP) with International Financial Reporting Standards (IFRS). The US is one of the last large economic powers in the world remaining that has yet to start reporting using IFRS. The business environment is not the only group that is facing great obstacles with this change; universities will also be facing difficulties as they try to properly prepare students for their future careers. Accounting students will obviously be affected, …