GAAP vs IFRS Discussion The SEC is considering moving from GAAP to international accounting standards. Prepare a 10–12-slide PowerPoint presentation as if

GAAP vs IFRS Discussion The SEC is considering moving from GAAP to international accounting standards. Prepare a 10–12-slide PowerPoint presentation as if it will be presented to an audience of your peers. It should be a complete, polished artifact containing all of the main elements in the attached rubric below.

Contrast rules-based versus principles-based accounting,

Provide detailed scenarios (these can be case studies, articles, or any published accounting scenario within the last 5 years) in which GAAP and IFRS would handle the situation differently.

Explain the challenges inherent with global corporate governance.

State whether you are for or against this proposed change from GAAP to IFRS, defending your position with at least three points.

Guidelines for Submission: ***Your presentation should consist of 10–12 slides and include detailed speaker’s notes explaining each slide. The speaker’s notes illustrate the verbal portion of the presentation and are what you would say as you give the presentation to the audience. ACC 696 Presentation Rubric
In a professional career, one may be called upon to conduct research and deliver findings in professional settings. As discussed in the text, the SEC is considering
moving from GAAP to international accounting standards. Prepare a 10–12-slide PowerPoint presentation as if it will be presented to an audience of your peers. It
should be a complete, polished artifact containing all of the main elements in the rubric below. If needed, refer to the Module Six resources for tips on designing
an effective PowerPoint.
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Contrast rules-based versus principles-based accounting,
Provide detailed scenarios (these can be case studies, articles, or any published accounting scenario within the last 5 years) in which GAAP and IFRS
would handle the situation differently.
Explain the challenges inherent with global corporate governance.
State whether you are for or against this proposed change from GAAP to IFRS, defending your position with at least three points.
Guidelines for Submission: Your presentation should consist of 10–12 slides and include detailed speaker’s notes explaining each slide. The speaker’s notes
illustrate the verbal portion of the presentation and are what you would say as you give the presentation to the audience.
Critical Elements
Content:
Rules-Based Versus
Principles-Based
Accounting
Content:
GAAP and IFRS
Scenario
Exemplary (100%)
Meets “Proficient” criteria and
provides in-depth analysis
contrasting rules-based versus
principles-based accounting
based on peer-reviewed sources
Meets “Proficient” criteria and
scenarios are from a peerreviewed source
Content:
Global Corporate
Governance
Meets “Proficient” criteria and
provides peer-reviewed sources
to support explanation
Proficient (90%)
Delivers concise summary of
rules-based versus principlesbased accounting highlighting
the differences between the
two
Provides at least two scenarios
published within the last 5 years
and a concise, detailed
summary of how each of the
situations would have been
handled under the GAAP
principles and how the same
scenario would have been
handled under the IFRS
principles
Presents a logical, concise
explanation of the difficulty in
maintaining global corporate
governance
Needs Improvement (70%)
Summary is incomplete or fails
to effectively contrast the two
types of accounting
Not Evident (0%)
No summary or contrast of
rules-based versus principlesbased accounting
Value
10
Summary is lacking focus
and/or a summary of how
details of situation would be
handled. Scenarios are more
than 5 years old
Fewer than 2 scenarios; no
attempt made at summarizing
the differences in handling
chosen scenario
10
Explanation is lacking focus
and/or details of potential
difficulties in global corporate
governance
No explanation provided;
explanation does not relate to
the difficulties of global
corporate governance
10
Content:
GAAP or IFRS
Personal Conclusion
Meets “Proficient” criteria and
provides peer-reviewed sources
to support stance
Organization
Slides are organized in a logical
way that complements the
central theme; transitions are
well-paced to create a natural
and engaging flow
There is a consistent visual
theme that helps enhance
understanding of the ideas;
includes multiple types of
media
Mechanics and style ensure
clarity; incorporates multiple
properly cited scholarly
resources
Visual Appeal
Narration
(Research/Speaker
Notes)
Position clearly stated and
supported by at least 3 concise
points for or against the change
from GAAP to IFRS
Slides are organized in a logical
way, and transitions are paced
so that the material is easily
accessible
Original images are created
using proper size and resolution
that enhance the content;
includes more than one type of
media
Mechanics and style promote
clarity; incorporates some
properly cited scholarly
resources
Position on switching from
GAAP to IFRS is ambiguous and
unsupported or undersupported
Slides are organized mostly in a
logical way, and transitions are
paced so that the material can
be understood with focus and
effort
Visually depicts topic and
assists audience; images are of
proper size and resolution
No position stated; position not
supported by any points
10
Slides are organized in a way
that is illogical OR transitions
are paced so that the material
cannot be understood
20
Graphics are unrelated to
content and cross over each
other; distracting, busy, and
detract from presentation
25
Mechanics and style make
narration intelligible;
incorporates very few properly
cited scholarly resources
Several mechanical errors OR
does not incorporate scholarly
resources
15
Earned Total
100%

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