Chapter 15 Decision-Making Models and Knowledge Management 295 6. Analyzing curr

Question

Chapter 15 Decision-Making Models and Knowledge Management 295 6. Analyzing current issues in accounting. Consider the list of current and classic issues in accounting presented below (or others specified by your instructor). With your instructor's help and guidance, form a team of students to investigate one of the issues. Use the Steps for Better Thinking to analyze the issue and prepare a short oral report for the class. a. What are the obstacles associated with adopting International Financial Reporting Standards? b. Should the provisions of the Sarbanes-Oxley Act be extended to nonpublic corporations? c. Will principles-based accounting become the norm for U.S. GAAP? d. Has the 150-hour requirement for becoming a CPA been a success? e. What systems documentation techniques should be taught in AlS courses? f. Has the conceptual framework of accounting fulfilled its purpose? g. What issues should managers consider with regard to corporate governance? h. Should social and environmental reporting be mandatory? i. How, if at all, should fair-value accounting be implemented? 7. Sofware acquisition decision using $BT ittare coma is an in-home pet care company based in St.

Explanation / Answer

E.FOLLowing are the system documentation techniques should be taught inAIS coures:

part 1 Particularly the design.development, and implementation of IS. And part 2 present auditing and control principles as they pertain to AIS.

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