Reference no: EM132174902 , Length: word count:2500
Project - Research Paper and Presentation
Groups of up to two undergraduate students will be formed at the first class meeting. If preferred, students may choose to complete the project independently. MBA students who take the course to fulfill graduate credits must complete the project independently. Each group is required to prepare and present to the class a research paper (with 8 to 10 pages, double-spaced) at the completion of the project. The topic of the paper could be about any emerging issue of interest in financial accounting. A list of topics is provided below. You are also allowed to suggest other topics. To prevent redundant reports, only one group may write on any one topic. You should let the instructor know your selection of topic as soon as possible to ensure that you get your first choice.
The paper could include:
1. The description of the emerging issue.
2. The events leading up to the issue and/or any institutional background of the issue.
3. The general arguments regarding the issue and/or any proposed solutions to the issue.
4. The anticipated impact on accounting or reaction of the business community as the issue develops.
5. References in an appropriate format.
Topics for Research Paper -
1. The updated COSO internal control framework
2. The new standard on disclosure of going concern (ASU No. 2014-15)
3. XBRL/Interactive data
4. Lease accounting (Artyom)
5. IFRS-Convergence of accounting standards
6. Accounting treatment of goodwill impairment (Shannon & Raeleigh)
7. Principle-based vs. rule-based accounting (Daniella & Ali)
8. Accounting for financial instruments-A joint project of IASB and FASB
9. Disclosure framework project by FASB
10. Recent Say-On-Pay resolutions in U.S.
11. Regulatory reforms and earnings management (Thinh)
12. Disclosure of conflict minerals in financial reports
13. Tax avoidance schemes used by multinational companies (William & Tyler)
14. Transfer pricing arrangements (James)
15. SEC's final rule on pay ratio (Jake & Ian)
16. FASB's Simplification Initiative
17. Update on Revenue Recognition standards (Carl & Tom)
18. Auditing Standard No. 18 (Related Party)
19. Accounting for Identifiable Intangible Assets in a Business Combination by private companies (ASU 2014-18) (Lean & Gena)
20. The Clawback provisions and their implementation (Leanne & Emily)
21. Credit loss for financial statements (ASU 2016-13)
22. Use of non-GAAP financial measures (Jordan)
23. Dual-class stock and recent development in rule-making on this matter
24. Directive 2014/95/EU: Non-financial Reporting
25. The recent development in the 2018 revision of "Yellow Book"
26. Triple Bottom Line/Sustainability reports/Social responsibilities of businesses
27. How may the recent tax reform's new GILTI Tax hurt some businesses?
28. Blockchain technology and accounting
29. Tax policy after the Tax Cut and Jobs Act of 2017 (Matt).