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Washington and Lee University

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Grant Updates Teaching About Global Accounting

Thanks to the efforts of its chair, Elizabeth Oliver, Washington and Lee University's Accounting Department has been awarded a $50,000 grant from the PricewaterhouseCoopers Charitable Foundation to incorporate International Financial Reporting Standards into the curriculum.

Many W&L students take at least introductory financial accounting, one of several courses in which students, majors or not, will become familiar with the increasingly accepted standards.

The standards, reflecting global commerce and a widely perceived need for common approaches across national boundaries, are used in the preparation of financial statements for publicly held companies.