Suggest appropriate courses of action. Within this section, provide your recommended solution to the accounting problem supported by research and rationale that aligns with the theory.

INDIVIDUAL LEARNING PROJECT ASSIGNMENT INSTRUCTIONS

OVERVIEW

The student will conduct a research project examining some aspect of financial accounting theory that is currently being debated in the accounting and business world. Using the electronic databases and other sources, search for journal articles in professional peer-reviewed accounting and business journals that pertain to your individual financial accounting theory topic.

INSTRUCTIONS

Search for journal articles in professional peer-reviewed accounting and business journals that pertain to your individual financial accounting theory topic.

Begin writing a paper that logically and critically analyzes and synthesizes all aspects of your theory topic. Be sure to include the following core components concerning your theory topic.

1. Historical development of financial accounting theory.

2. Current GAAP.

3. Compare and contrast U.S. GAAP and IFRS in respect to your topic.

4. Suggested changes or problem areas revealed in the debate arena.

5. Analyze points 2 and 3 in relation to the Conceptual Framework (include qualitative characteristics of useful information).

6. Suggest appropriate courses of action. Within this section, provide your recommended solution to the accounting problem supported by research and rationale that aligns with the theory.

Provide a solution even if it is contrary to current practice or if a resolution has already been recommended by the FASB or other standard setting body. Of course, your recommended solution could be what is currently used in practice.

7. Provide a biblical application, supported by Scripture, in respect to your topic.

Items to include are outlined as follows:
12-15 pages, double-spaced with 1-inch margins and 12-point Times New Roman font

o Note:

The title page, outline, and reference page are not counted towards the page requirement

Your assignment must be in current APA format.

You must include 5-7 citations.

Acceptable sources are scholarly articles from professional peer-reviewed accounting and business journals published within the last five years.

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