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. Then, 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.
7. Provide a biblical application, supported by Scripture, in respect to your topic.
Submit your individual research paper on the company approved by your instructor in Module