wt are the new accounting trends?

Answer 1

As far as I know these would include the move towards fair value accounting away from using historical costs and the convergence project between US GAAP and IFRS. You can read all about them in the attached articles.

Professors say new courses at some 20 colleges go way beyond traditional accounting classes that stress rote learning of the trade's rules and regulations. The American Institute for Certified Public Accountants even plans to change the CPA exam for 2004 so it will better measure students' ability to think independently as accountants.