Research two contemporary accounting topics, such as valuing intellectual capital and International Financial Reporting Standards (IFRS), and how these standards differ from Generally Accepted Accounting Principles (GAAP), and sustainability and environmental accounting.

• Define and describe the topics, citing real-life examples of their uses.
• Critique the pros and cons of the topics.
• Assess the popularity of the topics and what type of global companies or individuals use them.
• Hypothesize the future use of the topics; be sure to support your position with facts.