Topic

Global Accounting Harmonization

1. Define the term global accounting harmonization.
2. What are the economic arguments that support global harmonization.
3. What are the main obstacles to global harmonization.
4. Discuss at least 3 ways these obstacles can be overcome.

• Useful links to IFRS information on the internet:

http://www.ifrs.org/Pages/default.aspx

http://www.ifrs.org/Use-around-the-world/Global-convergence/Convergence-with-US-GAAP/Pages/Convergence-with-US-GAAP.aspx

http://www.aicpa.org/_catalogs/masterpage/Search.aspx?S=ifrs

Paper Format:

• 5 pagestotal(not including title page,abstractor reference page)
• Proper APA format
• Minimum of 5 scholarly sourcesnotincludingyourtextbook