The students should write an article comparing between the use of the fair value which is adopted by the IFRS and the historical cost which is adopted by the US GAAP. The comparison should cover all the required areas and the implications of adopting any of these concepts on the financial statements presentations where students should show their understanding to the effect of the use of these concepts on the quality of information that presented the financial statements and the effect of this published information on the decision making process for the users of these financial statements such as the investors.