...Mark A. Holtzblatt; Kristine M. Brands ABSTRACT This case enables students to investigate recent financial reporting mandates requiring EU and SEC IFRS filers to digitize financial reports using IFRS-based taxonomies and iXBRL. EU filers are mandated by the ESMA to file IFRS‐iXBRL financial...

... standards. The first module involves accounting for raw materials inventories for an international chemical company according to U.S. and German GAAP. An optional extension addresses the IFRS inventory measurement requirements. In the second module, the inventory measurement issues are extended to semi...

... reporting treatment. The recent implementation of the updated revenue recognition guidance per Topic 606 from the Financial Accounting Standards Board's Accounting Standards Codification® and IFRS 15 from the International Accounting Standards Board provides a current and relevant setting for this issue...

... accounting firm and is currently preparing its first set of audited International Financial Reporting Standards (IFRS) financial statements. The auditors question management's fair value estimations for the land and production equipment, as well as the accuracy of capitalized greenhouse costs included...

... Financial Reporting Standards (IFRS), provides a perspective on real estate investment trusts (REITs), and requires analyzing a U.S. versus Canadian (Ontario) initial public offering (IPO). Students list U.S. and Canadian advantages and disadvantages of REITs, record a portfolio purchase, prepare U.S. GAAP...

...Joan Davison Conrod; Judy Cumby ABSTRACT This case examines selected financial reporting and audit issues in the context of the on-line gaming industry. Key issues are revenue recognition and asset impairment under IFRS. Revenue trends are critical for the company as it considers a public offering...

... Education for their helpful comments on previous versions of this case. 2015 related party transactions financial accounting accounting theory hotel operator IFRS As you sit down with a hot cup of coffee on a Monday morning, you notice an email from your boss, Rick, asking you to look...

...Dominic Detzen; Tobias Stork genannt Wersborg; Henning Zülch ABSTRACT This case originates from a real-life business situation and illustrates the application of impairment tests in accordance with IFRS and U.S. GAAP. In the first part of the case study, students examine conceptual questions...

.... A copy of IAS 36 can be found at numerous online sites. Please reference the specific section of the standard you used to formulate your response. long-lived assets impairment fair value measurement IFRS ethics You are a green-as-grass staff auditor for FBG LLP, a small CPA firm in San...

... the company's financial position versus the pressure to maintain a high stock price for investors. The case may be completed using either U.S. GAAP or IFRS. Simon looked up as the divisional controllers, Elsa Pilebody and John Mortenson, came into his office. Elsa worked with Frosty Co.'s fridge and freezer...

...Stephen A. Coetzee; Astrid Schmulian ABSTRACT This paper, through case analysis employing analytical autoethnography, investigates the pedagogical approach employed in an introductory course to IFRS. This course is part of a professional accounting education program in South Africa. The analysis...

...Hong Zhu; Kevin T. Rich; Alfred R. Michenzi; Jason Cherubini ABSTRACT 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...

... and separately acquired intangible assets under IFRS and U.S. GAAP. In addition, they are asked to discuss the convergence of the two major accounting regimes. Second, the case study fosters students' understanding of how financial reporting standards are enforced when the German Financial Reporting Enforcement...

...Rebecca Fay; John A Brozovsky; Patricia G Lobingier ABSTRACT This case is designed as a comprehensive review of significant differences between accounting principles generally accepted in the United States of America (U.S. GAAP) and International Financial Reporting Standards (IFRS) for specific...