{"id":8034,"date":"2010-06-02T10:30:27","date_gmt":"2010-06-02T14:30:27","guid":{"rendered":"https:\/\/biznews.fiu.edu\/?p=8034"},"modified":"2014-11-14T16:00:05","modified_gmt":"2014-11-14T21:00:05","slug":"class-debate-on-global-accounting-standards-brings-complex-issue-to-life","status":"publish","type":"post","link":"https:\/\/biznews.fiu.edu\/2010\/06\/class-debate-on-global-accounting-standards-brings-complex-issue-to-life\/","title":{"rendered":"Class debate on global accounting standards brings complex issue to life."},"content":{"rendered":"

<\/strong><\/p>\n

\u201cShould the United States adopt the International Financial Reporting Standards (IFRS) now being used by more than 100 countries?\u201d<\/p>\n

That thorny question challenged the 32 students in the Global Accounting, Auditing and Financial Strategy <\/em>course taught by Stephen Lin<\/strong> in the Master of Accounting<\/a> (MACC) program in the College of Business Administration at Florida International University (FIU).<\/p>\n

Each of two groups selected four classmates to present their side and supported them by doing research and bringing important points to their attention during the debate. School of Accounting faculty members Kenneth Henry<\/strong>, John Wang<\/strong> and Andrew S<\/strong>baraglia<\/strong>, <\/strong>along with Lin, determined that the team speaking against the adoption had made the stronger case.<\/p>\n

\"\"<\/a>
The four School of Accounting faculty members who judged the debate, from left to right: Kenneth Henry, Stephen Lin, Andrew Sbaraglia and John Wang<\/figcaption><\/figure>\n

\u201cWe felt they were well prepared, listened to other group\u2019s arguments and provided more critical points,\u201d said Lin, who organized the debate as a \u201cway to increase awareness of the adoption of the standards around the world and to show what a major transition this is going to be for the United States.\u201d<\/p>\n

Students apply and gain experience.<\/em><\/p>\n

\u201cIt was really interesting, got everyone to participate and enabled us to bring out all the important points,\u201d said Roberto Montero<\/strong> (MACC \u201910, BACC \u201908), who received one of three awards for performance excellence and who credits having taken a speech class as an undergraduate with helping \u201cme not be nervous, make eye contact, speak slowly.\u201d<\/p>\n

\"\"<\/a>
Stephen Lin and Roberto Montero<\/figcaption><\/figure>\n

His own prior research also helped.<\/p>\n

\u201cI feel the adoption is coming and because of that, I knew the arguments for it, which helped us prepare counter-arguments,\u201d he said.<\/p>\n

The debate was part of a prestigious curriculum grant from PricewaterhouseCoopers Charitable Foundation awarded to Lin, Wang and their colleague Abhijit Barua <\/strong>for their proposal \u201cIntegrating IFRS in both accounting-major undergraduate and MACC programs at FIU.\u201d<\/p>\n

In 2009, the Securities and Exchange Commission (SEC) released its \u201cRoadmap for the Potential Use of Financial Statements Prepared in Accordance with IFRS by U.S. Issuers.\u201d Lin was part of a select research group of four academics invited by the chair of the American Accounting Association to evaluate it.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cShould the United States adopt the International Financial Reporting Standards (IFRS) now being used by more than 100 countries?\u201d That thorny question challenged the 32 students in the Global Accounting, Auditing and Financial Strategy course taught by Stephen Lin in the Master of Accounting (MACC) program in the College of Business Administration at Florida International […]<\/p>\n","protected":false},"author":71,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[7],"tags":[16,119,1134,1332,1497,1801,2388,2484],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts\/8034"}],"collection":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/users\/71"}],"replies":[{"embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/comments?post=8034"}],"version-history":[{"count":1,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts\/8034\/revisions"}],"predecessor-version":[{"id":23956,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts\/8034\/revisions\/23956"}],"wp:attachment":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/media?parent=8034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/categories?post=8034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/tags?post=8034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}