This article discusses the principles-based approach that emphasizes a "why" question by using the International Accounting Standards Board (IASB) "Conceptual Framework for Financial Reporting" to question and understand the basis for specific differences between IFRS and U.S. generally accepted accounting principles (U.S.…

Regular assessment is a vital part of effective teaching and learning. For this, the "one-minute paper" has been popular among faculty. While many teachers who have used it find huge benefits from it, there are also several weaknesses of this tool that are commonly reported by its users. This paper suggests the "daily quiz" as…