DeVry University History and Current Status of IFRS Versus US GAAP Essay

I need an explanation for this Writing question to help me study.

Objective

The objective of this project is for you to research a current issue in accounting, auditing, or tax that interests you in depth. The topic could be one that we will discuss in class, such as a specific topic within IFRS, XBRL, ethics, or another topic that you will find interesting. It is important that the topic be extensive enough that eight-to-ten pages can be written on it.

Project Submission:

Students will work in groups of 3-4 members. Each group will identify a topic and prepare the outline of the research paper and the final draft. Each group will submit its research work in word document and narrated power point slides/kaltura video with at least a 2-3 minute narration in two phases as described below.

Phase I (100 points due Week 3)

Topic selection and Paper Outline. Each group will select a topic its choice that pertains to the current issues in accounting, tax or audit and prepare an outline of research paper in word document and a summarize the outline in narrated power point slide/Kaltura video with at least a 2-3 minute narration for feedback and grading. The outline of research paper should include at the minimum the details given below.

Please note that these details are given in the outline briefly and will be used as building blocks for the final paper.

Title of the paper
Introduction: write at least a line or two to introduce the topic
Need for the study or the importance of the topic in the present context.
History and Current Status: Give a preliminary view of the history and current status of the topic.
Future: Briefly talk about the future of the topic as you think now.
Conclusion.
References.

The topic the group has chosen is :IFRS vs US GAAP

I have to do:

3. does history and current status

4. future and conclusion,

With Refs and no copied work

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