Research two contemporary accounting topics such as:
valuing intellectual capital for financial statement reporting purposes,
how International Financial Reporting Standards (IFRS) differ from Generally Accepted Accounting Principles (GAAP),
the adoption of International Financial Reporting Standards in the United States,
sustainability and environmental accounting,
valuation of digital assets such as cryptocurrency for financial statement reporting purposes, and
artificial intelligence and automation in the accounting field.
Each of these is one topic, so you must choose two of these topics for this assignment. There are several articles and one video in this weeks recommended resources section of the course guide that can help get you familiar with these terms and aid in your research. If you would like to choose a different contemporary accounting topic not listed, email your instructor to obtain approval prior to starting your paper.
In your paper,
Define and describe the topics, citing real-life examples of their uses.
Critique the pros and cons of the topics.
Assess the popularity of the topics and what type of global companies or individuals use them.
Hypothesize the future use of the topics; be sure to support your position with facts.