An Analysis and Criticism of GAAP and IFRS Financial Reporting Principles: Past, Present, and Proposed

Identifier

86

Author

Charles Randall Morris

Date

2016

Document Type

Honors Thesis

Degree Name

Bachelor of Business Administration

Major

Accounting

Committee Chair

James M. Lukawitz

Abstract

The purpose of this thesis is to discuss the convergence process that occurred between the Financial Accounting Standards Board and the International Accounting Standards Board regarding U.S. Generally Accepted Accounting Principles and International Financial Reporting Procedures. The main focus is on how one set of guidelines converged with another or how the two converged together. A background is given as to how and why the convergence process occurred, and a summary of finding as to how the process improved accounting standards is found at the end.

Comments

Undergraduate Honor's Thesis

Library Comment

Honors thesis originally submitted to the Local University of Memphis Honor’s Thesis Repository.

Recommended Citation

Morris, Charles Randall, "An Analysis and Criticism of GAAP and IFRS Financial Reporting Principles: Past, Present, and Proposed" (2016). Honors Theses. 50.
https://digitalcommons.memphis.edu/honors_theses/50