Some implications of IFRS adoption for accounting education

This paper addresses challenges accounting educators face in their teaching following the adoption of International\ud Financial Reporting Standards (IFRS). We use Australia\ud as an example of a developed nation and 2005 adopter of\ud IFRS, the United States as a potential adopter, and\ud Romania as an emerging economy with a history of\ud harmonisation and adoption initiatives. Accounting\ud educators globally need to strengthen their engagement\ud with the principles-based approach to teaching IFRS.\ud Teaching resources, educational research and Continuing\ud Professional Development activities related to a\ud principles-based approach to teaching IFRS are necessary\ud for educators to enrich the learning experience of students\ud given the move from a rules-based to a principles-based\ud set of accounting standards