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Challenges Regarding In Teaching International Financial Reporting Standards

Author

Listed:
  • Nadya Velinova-Sokolova

    (Sofia University “St.Kliment Ohridski”, Bulgaria)

Abstract

The increasing pace of global conformance towards the adoption of International Financial Reporting Standards (IFRS) highlights the need for accounting students as well as accounting practitioners to be conversant with IFRS. The objective of the ConceptualFramework of IFSR is to facilitate the consistent and logical formulation of IFRSs, adopting a Framework-based approach to teaching IFRSs provides students with a cohesive understanding of IFRSs by relating the requirements in IFRSs to the objective of IFRS financial information and the concepts that underlie IFRSs and inform its development. This paper is presents challenges regarding in teaching IFRS. We suggest a three-step approach to teaching IFRS judgements (concepts, to principles/rules, to the judgements required in the application of those rules), and provide accounting educators with guidance and resources.

Suggested Citation

  • Nadya Velinova-Sokolova, 2020. "Challenges Regarding In Teaching International Financial Reporting Standards," Economic Science, education and the real economy: Development and interactions in the digital age, Publishing house Science and Economics Varna, issue 1, pages 394-404.
    • Handle: RePEc:vrn:cfdide:y:2020:i:1:p:394-404
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    File URL: https://ue-varna.bg/~uevarna/uploads/filemanager/303/publishing-complex/2020/Economic_science_education_real_economy_T4_2020.pdf
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    Cited by:

    1. Nadya Velinova-Sokolova, 2022. "Education 4.0, Innovative Practices In Higher Education And Covid-19," Yearbook of the Faculty of Economics and Business Administration, Sofia University, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria, vol. 21(1), pages 229-246, April.

    More about this item

    Keywords

    FRS; teaching; challenges; innovative technics;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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