Presentation Date: Saturday August 1, 2009
  Presentation Time: 8:00 am-12:00 pm

CPE Session 07

IFRS-Based Accounting Education

Presented By:

Denise Probert, Kaplan Schweser

Darina Maria Saxunova, University of Comenius, Bratislava (at this moment in Edgewood College, Madison, USA)

Description: The adoption of International Financial Reporting Standards (IFRS) by the Securities and Exchange Commission (SEC) will change accounting education as we know it. The overwhelming attendance at IFRS sessions conducted at the 2008 AAA national conference was an indication of professors’ interests and concerns about the current accounting curriculum which is mostly void of IFRS. A recent American Accounting Association and KPMG, LLP survey found that very few universities have adopted a strategy to include IFRS in their accounting programs. The study also suggested that university administrators do not fully understand the impact the adoption of IFRS will have on the accounting curriculum making it difficult for them to lend the appropriate support. This session will present to the audience possible implementation strategies. These strategies will consider gaining administrative support and developing pedagogically-sound curriculum suggestions. Accounting professors will leave this training session with innovative ideas for implementation and confidence that they can teach the new “principles-based” curriculum.

Field of Study: Accounting
Program Level: Overview

Intended Audience: The intended audience is accounting professors with an interest in IFRS implementation into the accounting curriculum.

Format/Structure: The format of this workshop will be informational and interactive. It will propose susbstantive suggestions for implementing IFRS.

Learning Objective: Upon completion of this workshop, the participant should be able to: 1. list convincing arguments for allocation of resources for IFRS curriculum development 2. list the courses where IFRS should be implemented 3. evaluate critically the existing accounting curriculum and its continued existence with IFRS 4. demonstrate active learning strategies that include IFRS

Prerequisites: None

Advanced Preparation Required: None

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