Convergences Project: FASB and IFRS
Due to developments and movement towards a one world economy, a joint activity of the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) called project convergence has been initiated. The convergence project has the objective of matching the two board’s present standards and adapting the two sets of standards into a single set of generally accepted accounting principles (GAAP). For my capstone project, I will present an oral report on the similarities and differences that will have to be resolved in order to forge a single set of generally accepted accounting principles.
ACTG 499, Senior Capstone
Frank Paliotta
L203A
1 – 1:30 PM