User-Oriented IFRS Education in Introductory Accounting at U.S. Academic Institutions: Current Status and Influencing Factors

We document the current state of International Financial Reporting Standards (IFRS) education in introductory accounting courses, and model the decision by introductory accounting educators to integrate IFRS into their courses. Using a survey of educators conducted during Fall 2009, we find that alt...

Full description

Saved in:
Bibliographic Details
Published in:Issues in accounting education 2011-11, Vol.26 (4), p.725-750
Main Authors: Zhu, Hong, Rich, Kevin T., Michenzi, Alfred R., Cherubini, Jason
Format: Article
Language:English
Subjects:
Accounting
Accounting policies
Beliefs
Business schools
Classrooms
Colleges & universities
Core curriculum
Education
Educational materials
Evidence
GAAP
Instructional Materials
International accounting standards
International Financial Reporting Standards
Response rates
Studies
Teachers
Teaching
User training
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:We document the current state of International Financial Reporting Standards (IFRS) education in introductory accounting courses, and model the decision by introductory accounting educators to integrate IFRS into their courses. Using a survey of educators conducted during Fall 2009, we find that although a majority of respondents believe IFRS material is important for non-accounting business majors, 56 percent spent less than 30 minutes per term covering IFRS. Our results suggest that educators are more likely to extensively cover IFRS topics when they perceive U.S. GAAP/IFRS convergence to be more certain and when they have colleagues engaged in teaching IFRS, and less likely when they assess IFRS teaching materials to be inadequate. Overall, we provide evidence regarding the role of business schools' curricula in educating future investors on the basics of IFRS. This is of interest to the SEC in evaluating whether to mandate IFRS for U.S. issuers, as well as the faculty members, departments, or programs looking to better understand the conditions that facilitate user-oriented IFRS coverage in the classroom.
ISSN:0739-3172
1558-7983
DOI:10.2308/iace-50058