New International Accounting Rules Being Taught
July 6, 2009
By the My MBA Career Content Team – Find Top MBA Degree Programs
Although the International Financial Reporting Standards (IFRS) have not yet become standard in the U.S., MBA programs that will feature training in accounting or international business are taking steps to prepare a curriculum for the eventual move to the international standard.
"Most of our multinational clients report under IFRS in some capacity," said Ellen Glazerman, Ernst & Young's director of university relations, "therefore demanding that knowledge from our professionals and the new campus recruits that we hire."
It is also expected that the SEC will require three years of reporting in the new standard when it goes into effect at the end of 2014.
Those pursuing a Master Degree in Accounting or a Finance MBA will be expected to become familiar with IFRS, as will someone obtaining an MBA degree expecting to use it in international business.
As commerce and industry becomes increasingly interconnected, the world is turning to international standards to coordinate business activities that take place on a global scale. Isn't it time you considered the advantages accredited MBA schools can give you in learning the rules of the global marketplace?
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Related Article Topics: Finance | International MBA
