I was meddlesome in investigate accounting, yet know which now GAAP accounting is being taught during roughly all universities in the United States. I review upon Wikipedia which the USA will shift to IFRS accounting by the year 2014 yet as they wish to use the same accounting methods worldwide.
So, as I am meddlesome in investigate accounting, would it be bad for me to investigate GAAP accounting given from what I am celebration of the mass it would not be used anymore? Also, in box it changes, because aren’t some-more schools training IFRS?
I got this judgment from the website listed below:
In January, 2009, the SEC voiced which imperative the dual year dual-reporting duration would proceed for many companies in 2012, with IFRS usually compulsory by 2014.
http://en.wikipedia.org/wiki/International_Financial_Reporting_Standards
{ 2 comments… read them below or add one }
We are all in it together. Better to be trained in the former to prepare for the latter – you will be in that much more demand.
You will probably end up studying both because: 1) the phase-in is expected to be more in the years 2014-2016, and 2) most universities won’t be prepared to teach IFRS until 2011. I work for a British company here in the U.S. and we use both reporting methods. It is very helpful having experience in both. What you don’t learn in school, you will learn on the job (trust me, you will learn more in two years on the job than you will in 4 years in college). Plus, knowing IFRS will make you more “marketable” when it comes time to look for a job. If you can, take advantage on internships as these will give you an edge in experience over other grads.