D. Identify and explain the main differences between IFRS 13 and the exposure draft

proposal that precluded the issuing of IFRS 13.

E. How, and to what extent, did the IASB seek to ensure comparability between IFRS

13 and US GAAP?

F. Explain how, and to what extent, we can expect there to be differences between

IFRS 13 and US GAAP. Particular reference should be made to theoretical reasons as to why international differences are expected to exist, and perhaps should still exist.

References:

1. FASB website.

2. IFRS website.

3. Deegan, C. Financial Accounting Theory, Edition 3, McGraw Hill 2009.

Students should also refer to journals such as the Australian Accounting Review, Accounting Research Journal, Charter, and In The Black which are available on the electronic journals webpage of the VU library website:

The following matters should be given particular attention:

1. Evidence of extensive research beyond the prescribed texts is required.

Ensure these are referenced appropriately in your references using Harvard referencing. 2. Assignment must be typed and properly documented.

Assignment should be no greater than 3000 words double-spaced with a 3cm left margin. A word count must be displayed on the title page of assignment. (Note: Word count does not include abstract, graphs, tables, and references).

Note: Failure to submit both printed copies and electronic copy through Web-CT turnitin will result in a fail grade. 3. NO extensions will be granted unless supported by appropriate

documentation prior to the due date. An application for an extension must use