University of Toronto Faculty of Arts and Sciences - The Sandbox
University of Toronto Faculty of Arts and Sciences - The Sandbox
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Practical Application of International Accounting Standards

BAC 325
Closed
Main contact
Cavendish University
Cavendish University
Faith Ahabyoona
Senior Lecturer
4
Timeline
  • January 31, 2025
    Sandbox start
  • April 30, 2025
    Sandbox end
Sandbox
2/2 project matches
Dates set by sandbox
Preferred partners
Anywhere
Any partner type
Any industries

Sandbox scope

Categories
Accounting Financial modeling Financial services Risk, audit and compliance Data analysis
Skills
financial statements standard accounting practices presentations international standards finance regulatory frameworks international financial reporting standards critical thinking accounting business administration
Student goals and capabilities

This experience is designed for learners in a BBA-Accounting & Finance program, focusing on the practical application of International Accounting Standards (IASs) and International Financial Reporting Standards (IFRSs). Learners will develop the ability to prepare and critique financial statements in compliance with these standards, gaining insights into the regulatory frameworks that govern accounting practices both locally and internationally. By engaging with real-world projects, learners will apply their classroom knowledge to analyze and evaluate accounting standards, enhancing their understanding of the global accounting landscape.

Students

Students
Undergraduate
Advanced levels
30 students
Project
10 hours per student
Sandbox leads assign students to projects
Teams of 5
Expected outcomes and deliverables
  • Financial statements prepared in compliance with IASs and IFRSs
  • Critical analysis reports on existing accounting standards
  • Comparative studies of financial statements from different jurisdictions
  • Recommendations for improving compliance with international standards
  • Presentations on the role of international accounting bodies
Project timeline
  • January 31, 2025
    Sandbox start
  • April 30, 2025
    Sandbox end

Project examples

  • Preparation of financial statements for a small business using IASs and IFRSs
  • Analysis of a company's financial statements for compliance with international standards
  • Evaluation of the impact of a specific accounting standard on financial reporting
  • Case study on the role of the Institute of Certified Public Accountants of Uganda (ICPAU)
  • Research project on the differences between local and international accounting standards
  • Development of a compliance checklist for international accounting standards
  • Presentation on the influence of the International Accounting Standards Board (IASB)
  • Report on the adoption of IFRSs in a specific industry

Additional partner criteria

Partners must answer the following questions to submit a match request to this sandbox:

  • Q1 - Text short
    How often will you be able to meet with students?
  • Q2 - Text short
    Do you have all the information needed for students to complete the project?
  • Q3 - Text short
    What deliverables are you looking for?