Research topic: Convergence of international financial reporting standards

1) Your essay requires addressing the given problems:

A) Critically review literature on the arguments for and against global convergence of international financial reporting standards (or IFRS).

B) Recognize two listed companies: one from Australian Securities Exchange (or ASX) and the other from New York Stock Exchange (or NYSE); and analyze the accounting policy statement in their annual reports for reporting year 2012.

C) Discuss if your findings of problem 2 support (or refuse) the convergence of IFRS.

2) Submission requirement:

A) In-text references and a reference list are needed to evidence your review of literature (see Appendix 1 for a list of academic journals)

B) Style: Use the given reference style (adapted from The Journal of International Accounting's author's information) for your assignment.

References list: References must be arranged first alphabetically and then further sorted chronologically if essential. More than one reference from the similar author(s) in the similar year should be identified by the letters 'a', 'b', 'c', etc., placed after the year of publication.