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Author: Pinky Dholakia
Publisher: LAP Lambert Academic Publishing
ISBN: 9783659328251
Category :
Languages : en
Pages : 132
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Book Description
The International Financial Reporting Standards (IFRS) issued by the International Accounting Board (IASB) is increasingly being recognized as Global Reporting Standards. To-date there has been limited research conducted into the effects/implications of IFRS adoption. This leads us to study and implementation of IFRS for rapid growth of international trade and internationalization of firms. The present study aims to identify and evaluate the materiality of the impact of IFRS adoption on companies' financial position, performance of the financial year, examine individual standards and its effect on shareholders' equity. This research even seeks to contribute to the latest discussions on the financial reporting. It starts out by giving an overview of the IFRS accounting policies, which are currently applied by the majority of participants. We have proposed a model of study to find out the views of Chartered Accountants, Company Secretaries, Post Graduates, Doctorates and ICWA who are mainly concerned with the standards so that their acceptability towards IFRS can be assessed.
Author: Pinky Dholakia
Publisher: LAP Lambert Academic Publishing
ISBN: 9783659328251
Category :
Languages : en
Pages : 132
Get Book Here
Book Description
The International Financial Reporting Standards (IFRS) issued by the International Accounting Board (IASB) is increasingly being recognized as Global Reporting Standards. To-date there has been limited research conducted into the effects/implications of IFRS adoption. This leads us to study and implementation of IFRS for rapid growth of international trade and internationalization of firms. The present study aims to identify and evaluate the materiality of the impact of IFRS adoption on companies' financial position, performance of the financial year, examine individual standards and its effect on shareholders' equity. This research even seeks to contribute to the latest discussions on the financial reporting. It starts out by giving an overview of the IFRS accounting policies, which are currently applied by the majority of participants. We have proposed a model of study to find out the views of Chartered Accountants, Company Secretaries, Post Graduates, Doctorates and ICWA who are mainly concerned with the standards so that their acceptability towards IFRS can be assessed.
Author: Pinky Dholakia
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
A financial reporting system supported by strong governance, high quality standards and firm regulatory framework is the key to economic development. Indeed, sound financial reporting standards underline the trust that investors place in financial reporting information and thus play an important role in contributing to the economic development of a country. This leads us to study the implementation of International Financial Reporting Standards (IFRS) for rapid growth of international trade and internationalization of firms. The IFRS issued by the International Accounting Standard Board (IASB) is increasingly being recognized as Global Reporting Standards. To date, there has been limited research conducted into the effects/implications of IFRS adoption. Thus, the present study aims to identify and evaluate the materiality of the impact of IFRS adoption on companies' financial position and performance, and examine individual standards and their effect on shareholders' equity. A model has been proposed to find out the views of Chartered Accountants (CA), Company Secretaries (CS), Postgraduates, Doctorates and ICWA, who are mainly concerned with the standards so that their acceptability towards IFRS can be assessed.
Author: Marenesh Abebe
Publisher: GRIN Verlag
ISBN: 3668651590
Category : Business & Economics
Languages : en
Pages : 78
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Book Description
Thesis (M.A.) from the year 2018 in the subject Business economics - Accounting and Taxes, grade: 2, Addis Ababa University, course: MBA in Finance, language: English, abstract: The study aims to examine the challenges and prospects of International Financial Reporting Standards (IFRS) adoption in Ethiopian Commercial Banks. To answer the research question and to achieve the objective of the study this paper adopted the mixed research approach. The questionnaire data were analyzed using descriptive statistics and data from interview and document review were interpreted qualitatively. The results show that IFRS adoption in Ethiopian Commercial Banks will result in a number of important benefits to a wide range of stakeholders. The study also found out that with the exception of capital market the other five variables namely need of amending legal and regulatory requirement , volatility of financial position and financial performance , difficulty of obtaining source documents and data ,need of updating the existing accounting software, information system and information technology of the bank, shortage of skilled and competent man power , shortage of strong professional bodies are the key challenges of IFRS adoption in Ethiopian Commercial Banks. Finally the study recommended the relevant commercial code, tax proclamation and NBE directive should be amended by Government organs in consultation with strong professional bodies , establishment of strong professional bodies and capital market, allocation of sufficient financial and other resources by top management , introduction of IFRS in colleges and universities and future adopters should think ahead the required source documents and data as well as ensure the extent of changes needed to update the existing IT infrastructure to satisfy IFRS requirements.
Author: Habeeb Mohamed Nijam
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
The purpose of this study is to examine the perceived impact of International Financial Reporting Standards (IFRS) adoption and whether it relates to firms' characteristics. The study was conducted among all 62 companies listed in bank, finance and insurance sector at Colombo Stock Exchange (CSE) using questionnaires addressed to financial and accounting professionals. The study employed principal component analysis and one-sample Wilcoxon signed-rank test and found that the IFRS adoption is perceived to have significantly improved financial reporting quality and corporate governance of firms. Though IFRS caused increased cost of financial reporting, it is yet perceived to be a net gain. However, respondents tend to perceive that IFRS adoption has not assured capital market benefits to the firms in bank, finance and insurance sector in Sri Lanka. It is also found that firms' size and profitability significantly and positively associate with perceived impact of IFRS on quality of financial reporting and corporate governance of firms. This study provides evidence for IFRS impact from a developing economy.
Author: Solomon Opare
Publisher:
ISBN:
Category :
Languages : en
Pages : 1
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Book Description
An extensive number of empirical studies have been devoted to the adoption of IFRS but the results have been inconclusive. We use a meta-analysis of 42 empirical studies with 68 independent samples to determine whether IFRS adoption has impacted on financial reporting comparability, market liquidity, and the cost of capital. This approach provides a logical and objective view of the empirical results, in contrast to narrative reviews which offer subjective conclusions. We find that IFRS adoption has significantly increased financial reporting comparability and market liquidity, and reduced the cost of capital. However, our assessment of sources of heterogeneity shows that the above relationship is moderated by differences in modes of adoption, peculiarities in legal systems, the divergence of local GAAP from IFRS, and the level of standards and regulatory enforcement of the country in which a firm operates. This study is beneficial to regulators and policymakers of jurisdictions that are considering the adoption of IFRS.
Author: Yusuf Nulla
Publisher:
ISBN:
Category :
Languages : en
Pages : 20
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Book Description
This paper primarily examines the effect of the mandatory International Financial Reporting Standards (IFRS) adoption in Canada by Canadian financial institutions. It is a comparative study between the Canadian GAAP financial reporting from 2008 to 2010 and IFRS financial reporting from 2011 to 2012. Since this research is an empirical study, the quantitative research method is applied. The research question for this research study is: Does IFRS adoption influence financial reporting? This research finds that earnings quality has increased due to an increase in value relevance (earnings influence to market price), increase in persistency and predictability in earnings and cash flows, increased influence of earnings to shareholder value, and increase in accruals and timeliness loss of recognition (reduce in income smoothing). However, it also finds that valuation usefulness of earnings to book value per share (accounting valuation) has reduced.
Author: Ömer Faruk Bûyûkkurt
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Minga Negash
Publisher:
ISBN:
Category :
Languages : en
Pages : 13
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Book Description
This review documents the conceptual and methodological issues that relate to the domain of financial reporting research that attempts to examine whether there are measurable gains, (if any) stemming from the adoption of international financial reporting standards, (IFRS). It selects and reviews four recent papers from conceptual, research design and policy perspectives. Information content, uncertainty-disclosure, value relevance and earnings and accounting quality studies have all attempted to show the benefits of finer and increased information environments. Notwithstanding the early evidence, this review argues that the papers face both epistemological and research design problems, in that IFRS adoption effect studies do not take cognizance of the contributions of the literatures on financial integration, earnings sustainability and market microstructure.
Author: Cristiane Benetti
Publisher:
ISBN:
Category :
Languages : en
Pages : 42
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Book Description
The main objective of this study is to put in evidence the perceptions of stakeholders about IFRS adoption across Europe and Brazil. By means of a survey, (816 completed questionnaires, 10% of population), we investigate whether producers (chief financial officers), users (financial analysts), and controllers (auditors) of accounting data share the same views on the usefulness and goals of the international financial reporting process. We use descriptive statistics and univariate tests to analyze the responses to our multiple-choice questions. Results suggest that respondents' activity has less influence on their answers than the country where they are located.
Author: Yusuf Nulla
Publisher:
ISBN:
Category :
Languages : en
Pages : 15
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Book Description
Globally, the use of the IFRS in financial reporting is the requirement in many countries. However, the question of whether such a global transition towards a single set of accounting standards has been met by the presumed benefits of higher accounting quality and comparability yet remains unanswered. This paper primarily examines the effect of the mandatory IFRS adoption in Canada by the research and development companies. It was a comparative study between the Canadian GAAP financial reporting from 2008 to 2010 and IFRS financial reporting from 2011 to 2012. Since this research is an empirical study, the quantitative research method is applied. The research question of this research study is: Does IFRS adoption improve accounting quality in research and development companies? This research finds that lower persistency and predictability in earnings; decrease in earnings influence to shareholder value; weak volatility in market price; better predictability of cash flow and financial forecasts; increase in accruals and timeliness loss of recognition; and decrease in research and development expenditures.
