PwC IFRS Ready
Request for Proposals for Research Grants

PricewaterhouseCoopers is seeking proposals for funding in support of the introduction of IFRS in accounting curricula in the United States. Whether or not, as individuals, each of us support the concepts of ultimately attaining use of a single set of high quality accounting standards globally or the possibility of moving to use IFRS in the United States, IFRS is in use in most capital markets around the world. IFRS already significantly impacts U.S. companies
  • Through influencing the direction of convergence,
  • In its use by foreign subsidiaries of U.S. companies,
  • In the formulation of answers to investor questions comparing U.S. companies to foreign competitors, and
  • As it influences the thinking of and transaction structuring by foreign counterparties (customers, vendors, and capital providers) who report under IFRS.
Beginning to prepare accounting students for this new environment will be important to their long term professional success without regard to whether the US, itself, adopts the standards. PricewaterhouseCoopers seeks to assist in the development of curricula supporting this objective. PwC has committed $1 million over two years to this effort. Last year we granted over $700,000 for IFRS projects. We offer three levels of grants:
  • Up to $10,000 for one faculty member
  • Up to $30,000 for multiple faculty members
  • Up to $50,000 for implementation across the curriculum
Submissions must be received by November 1, 2009 and grant decisions will be announced in mid-December. Once a project is selected, funds will be available for use during or after the Winter/Spring, 2010 term.

Eligibility: Professors must be full-time faculty members at US colleges or universities.

Criteria for selection:
  • Size and breadth of impact on the curriculum and students
  • Plans for or results of assessment of learning
  • Prospects for continued use
  • Transferability of ideas to other campuses
  • Creativity
  • Utilization of PwC IFRS Ready materials (see www.pwc.com/faculty)
Guidelines for submission:
  1. The deadline for submissions is November 1, 2009.
  2. Each proposal must not exceed three standard pages, single-spaced.
  3. Each proposal must answer the following questions:
    • What is the audience for the implementation?
    • How will IFRS be implemented for this audience?
    • How does the implementation meet the criteria for selection?
    • What is the timing of the development and implementation?
    • Who is involved in performing the development and presentation work?
    • What will the funding be used for?
  4. We assume that the grant money will be used for faculty time for curriculum development. If it is to be used for any other purposes, please specify what they are and the related amounts. Please note that these funds must go to direct program expenditures and may not be used for overhead charges.
  5. Proposals should be submitted through this link: IFRS Ready Grant Proposals.
For further information, please send an e-mail to daugherty.and.wyer@us.pwc.com.