{"id":606,"date":"2022-04-25T15:41:04","date_gmt":"2022-04-25T14:41:04","guid":{"rendered":"https:\/\/wp.coventry.domains\/coil\/?p=606"},"modified":"2022-06-13T15:57:58","modified_gmt":"2022-06-13T14:57:58","slug":"ifrs-vs-gaap-brexit-implications-of-financial-reporting%ef%bf%bc","status":"publish","type":"post","link":"https:\/\/wp.coventry.domains\/coil\/2022\/04\/25\/ifrs-vs-gaap-brexit-implications-of-financial-reporting%ef%bf%bc\/","title":{"rendered":"IFRS vs GAAP &#8211; Brexit Implications of Financial Reporting"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Faculty of Business and Law<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>School of Economics, Finance and Accounting<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"941\" height=\"434\" src=\"https:\/\/wp.coventry.domains\/coil\/wp-content\/uploads\/sites\/982\/2022\/04\/image-1.png\" alt=\"\" class=\"wp-image-613\" srcset=\"https:\/\/wp.coventry.domains\/coil\/wp-content\/uploads\/sites\/982\/2022\/04\/image-1.png 941w, https:\/\/wp.coventry.domains\/coil\/wp-content\/uploads\/sites\/982\/2022\/04\/image-1-300x138.png 300w, https:\/\/wp.coventry.domains\/coil\/wp-content\/uploads\/sites\/982\/2022\/04\/image-1-768x354.png 768w, https:\/\/wp.coventry.domains\/coil\/wp-content\/uploads\/sites\/982\/2022\/04\/image-1-676x312.png 676w\" sizes=\"auto, (max-width: 941px) 100vw, 941px\" \/><figcaption>Screenshot of Padlet page<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Academic Year:<\/strong> 2021-22<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Project Leader:<\/strong> Rashedul Hasan, Muhammad Ashfaq<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Partner University(s)\/Organisation(s):<\/strong>\u00a0Wittenborg University of Applied Sciences (The Netherlands)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Project Overview:<\/strong> This project required students to collaborate and explore the subjects of IFRS (International Financial Reporting Standards) and GAAP (Generally Accepted Accounting Principles) in the context of Brexit. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Within this project, students from both institution collaborated using MS Teams and Padlet to discuss the similarities and differences between IFRS and GAAP as well as the implications of Brexit (if any) on reporting for the UK and European firms. After the meeting, each team provided their findings on a Padlet page.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This project allowed participating students to develop collaborative skills using both synchronous and synchronous communication as well as critically evaluate post- Brexit business challenges and accounting implications for firms in the UK and EU.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In addition, the lecturer noted that some of the year 3 students who participated in this project highlighted their COIL participation in their postgraduate applications and received favourable offers from several UK Universities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Online Tools Used:<\/strong> Open Moodle, Google Docs, Padlet, MS Teams<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Faculty of Business and Law School of Economics, Finance and Accounting Academic Year: 2021-22 Project Leader: Rashedul Hasan, Muhammad Ashfaq Partner University(s)\/Organisation(s):\u00a0Wittenborg University of Applied Sciences (The Netherlands) Project Overview: This project required students to collaborate and explore the subjects of IFRS (International Financial Reporting Standards) and GAAP (Generally Accepted Accounting Principles) in the context [&hellip;]<\/p>\n","protected":false},"author":3011,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[12],"tags":[],"class_list":["post-606","post","type-post","status-publish","format-standard","hentry","category-finance-and-accounting","post-preview"],"_links":{"self":[{"href":"https:\/\/wp.coventry.domains\/coil\/wp-json\/wp\/v2\/posts\/606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wp.coventry.domains\/coil\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wp.coventry.domains\/coil\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wp.coventry.domains\/coil\/wp-json\/wp\/v2\/users\/3011"}],"replies":[{"embeddable":true,"href":"https:\/\/wp.coventry.domains\/coil\/wp-json\/wp\/v2\/comments?post=606"}],"version-history":[{"count":5,"href":"https:\/\/wp.coventry.domains\/coil\/wp-json\/wp\/v2\/posts\/606\/revisions"}],"predecessor-version":[{"id":679,"href":"https:\/\/wp.coventry.domains\/coil\/wp-json\/wp\/v2\/posts\/606\/revisions\/679"}],"wp:attachment":[{"href":"https:\/\/wp.coventry.domains\/coil\/wp-json\/wp\/v2\/media?parent=606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wp.coventry.domains\/coil\/wp-json\/wp\/v2\/categories?post=606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wp.coventry.domains\/coil\/wp-json\/wp\/v2\/tags?post=606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}