ACCT632 Advanced Financial Accounting Theory

Revenue recognition The student will conduct a research project examining some aspect of financial accounting theory that is currently being debated in the accounting and business world. The topic for this assignment is Revenue recognition. You are required to search for journal articles in professional peer-reviewed accounting and business journals that pertain to your individual financial accounting theory topic. You are required write a paper that logically and critically analyzes and synthesizes all aspects of your theory topic. Be sure to include the following core components concerning your theory topic.
  1. Historical development of financial accounting theory.
  2.   Current GAAP.
  3. Compare and contrast U.S. GAAP and IFRS in respect to your topic.
4. Suggested changes or problem areas revealed in the debate arena.
5. Analyze points 2 and 3 in relation to the Conceptual Framework (include qualitative characteristics of useful information).
6. Suggest appropriate courses of action. I wanted to provide detail on what should be included in this section. Within this section, provide your recommended solution to the accounting problem supported by research and rationale that aligns with the theory. Provide a solution even if it is contrary to current practice or if a resolution has already been recommended by the FASB or other standard setting body. Of course, your recommended solution could be what is currently used in practice.
7. Provide a biblical application, supported by Scripture, in respect to your topic. Please write your paper with a logical flow and make sure you include all required 7 core components. I recommend you have a subtitle for each core component. . Items to include are outlined as follows: • 10-12 pages, double-spaced with 1-inch margins and 12-point Times New Roman font o Note: The title page, outline, and reference page are not counted towards the page requirement • Your assignment must be in current APA format. • You must include 5-7 citations. • Acceptable sources are scholarly articles from professional peer-reviewed accounting and business journals published within the last five years. Submit your completed Individual Learning Project Assignment as a word.doc file. Your file must be named as follows: “Last Name First Name IRP.doc” (for example: “Smith John IRP.doc”). Submit your individual research paper on sunday at 12pm
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