Accounting - Major Problems for Standard Setters Internationally

Topic 16

Select one accounting practice that has caused major problems for
standard setters internationally (i.e. where practice varies
considerably from country to country ). Explain the problem and how
standards setters have attempted to harmonise practice. Desribe and
evaluate the current situation.

Guidelines

The paper must follow academic rules i.e. preface, introduction,main
discussion , conclusion , bibliography and references.

Length:2500 words +/- 10%

Your mark will be a combination mark taking into account the academic
content and style of the paper.

Please refer to the University’s policy on plagiarismInformation

Notes from my Tutor

It means choose one accounting area which has caused problems in a
number of countries and would enable you to discuss their approaches
and how and if they have solved the problems.

Typical areas would include Foreign currency translation, accounting for
goodwill, valuing brands, research and development. You could also
explore how the IASB has dealt with it. The discussion may analyse
whether they (the standard setters in a country) have selected the
theoretically best solution

or that which they think is the popular/political/easy solution. This is
to do with public interest versus private interest theory.