IFRS and Collegiate Accounting Curricula in the United States: 2008 A Survey of the Current State of Education Conducted by KPMG and the Education Committee of the American Accounting Association

A Financial Analysis Exercise: Exxon Mobil vs. Royal Dutch Shell, US GAAP vs. IFRS

“…Further, Barth (2008) suggests "… increasing the focus on teaching them the concepts that underlie financial reporting and how to make judgments consistent with those concepts…" (p. 1163). Munter and Reckers (2009) Two of their findings are especially relevant to our paper. First is that the two major impediments to the integration of IFRS into the accounting curriculum are making room for the material and the development of materials.…”

“…The authors argue that IFRS should be included in general business curriculum (principles accounting courses). They support this argument from the faculty perspective referencing Munter and Reckers (2009) and from the student perspective relying on their survey (Cherubini et al, 2011 ) where "a majority of respondents thought an introduction to IFRS at the principles level was important to all business majors" (p.13). IFRS coverage should be continued beyond the accounting principles courses to business students as these students become more savvy learners.…”

Accounting education literature review (2006–2009)

“…No relationship was found between pre-test math test results and performance in introductory accounting courses, although the test is offered as a means to identify areas for remediation of fundamental math skills. Munter and Reckers (2009) report the results of a survey (n = 530 faculty) conducted jointly by KPMG and the Education Committee of the AAA to explore IFRS integration in US accounting curricula. Respondents recommend a proactive approach.…”

An Interview-Based Study of Individual and Institutional Preparedness for Teaching IFRS

“…The results of a 2008 survey of 530 U.S. accounting educators suggested that the academic community was not ready to meet the expectations included in the Security and Exchange Commission's (SEC) roadmap for IFRS implementation, as resources were not in place to support a fast and comprehensive incorporation of IFRS into existing accounting programs (Munter & Reckers, 2009). …”