03 Mar Mobile Accounting

Requirements:

A Literature Review is a critical summary of what the literature says about a specific topic.  You should be careful to address each required topic/heading thoroughly and with a graduate-level depth of detail to demonstrate critical thinking and analytical skills.

https://owl.purdue.edu/owl/research_and_citation/apa_style/apa_formatting_and_style_guide/types_of_apa_papers.html

https://owl.purdue.edu/owl/teacher_and_tutor_resources/teaching_resources/writing_workshops_for_graduate_students/graduate_writing_workshops_literature_reviews.html

Drawing on topics covered in the course and your own research, select an emerging topic in financial accounting for your Literature Review.  You may find these topics in the textbook or from your own research on the FASB, SEC, IASB, or similar websites.  Some topic examples include: 

• Fair Value Accounting
• Foreign Currency Risk Hedging
• Lease Accounting
• Segment Reporting
• Variable Interest Entities

Note: IFRS convergence (in general) is not an emerging issue.  If you would like to write your paper on convergence, select a particular standard that was recently converged.

Please use this information as a guideline of the requirements and expectations of the Literature Review.  For bullets 1 through 6 in the list below, include the components as specific headings in your paper and address the requirements as indicated.  Additional information and reflection are also encouraged.

1. Current GAAP related to the topic
1. Describe the name and number of the current accounting standard related to the emerging issue.
2. Provide a brief discussion of the rules under the current accounting standard.
2. Problem areas identified in the literature
1. Discuss the nature or rationale for the problems with the current standards.
2. Discuss the motivation for the change in accounting standards.
3. Relationship of the topic to the Conceptual Framework
1. Discuss how the current standard addresses the Conceptual Framework.
2. Discuss the deficiencies of the current standard in relation to the Conceptual Framework and why it is important.
3. Discuss how the emerging standard will provide improvements in relation to the Conceptual Framework.
4. Discuss if the new standard will create new deficiencies in relation to the Conceptual Framework.
4. Relationship of the topic to IFRS
1. Identify the name and number of the related standard under IFRS.
2. Describe areas of convergence between US GAAP and IFRS related to this standard.
3. Compare and contrast the US GAAP standard to the IFRS standard.
5. Recommendations for U.S. GAAP
1. Discuss areas within the standard that are controversial or that have not been (adequately) addressed.
2. Identify additional practical solutions the standard setters within FASB should consider to address the core issues discussed.
3. Develop a practical and effective action plan to implement the solutions and resolve the issues.
4. Discuss the ways in which the new standard will be an improvement over current standards.
6. References: The paper must be supported by a minimum of 10 unique references as follows.
   1. 1 – Schroeder, Clark, & Cathey textbook.
   2. 1 – Financial accounting authoritative literature for U.S. GAAP (SFAS, FASB-ASC, etc.).
   3. 1 – Financial accounting authoritative literature for IFRS.
   4. 1 – Financial accounting authoritative literature for Conceptual Framework.
   5. 6 – Appropriate and relevant academic references from peer-reviewed business or accounting journal articles that were published within 7 years of the course start date.
   6. In the final paper, do not include the narrative annotations for your references.  The annotations should be included in the Annotated Bibliography only and should be excluded from this assignment.
7. Faith Integration: Integrate a faith component (scripture quote, reference, and discussion) into your paper. 
   1. Include a complete explanation of how the scripture applies. 
   2. Do not just insert a scripture into the paper without an explanation. 
   3. Do not include it as a separate heading in the paper for faith integration. Instead, it should be included and integrated into the narrative within one of the first five headings.
8. Rubric: Review the necessary components and quality characteristic requirements required as stated in the rubric.
9. General: The paper should meet the following general requirements.
   1. The paper must be 8 to 10 pages in length.
   2. The paper should be double spaced.
   3. Use Times New Roman, 12-point font.
   4. Title page, references, and other material used in appendices as additional support DO NOT count toward the page count requirement.

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