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Author: Olawale Luqman
Publisher:
ISBN:
Category :
Languages : en
Pages : 21
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Book Description
This research work examined the impact of International Financial Reporting Standard (IFRS) adoption on Banks performance in Nigeria. The study is based on the appraisal of IFRS compliance and Adoption. Both primary and secondary data were used in this study. The primary data would be sourced via a questionnaire administered in a survey conducted on examining the convergence to IFRS in Nigeria Commercial Banks using Access bank Plc. as a case study while the secondary data collected from Annual Report of Access Banks Plc from 2007 to 2012 as well as journals, textbooks and newspapers. The result of the analysis showed that at there is significant relationship adoption of IFRS and financial reporting of banks in Nigeria and that there is significant relationship between IFRS and banks performance in Nigeria. At degree of freedom 2 and 5% level of significance, the X2 table value is 5.99 while the calculated value is 6.380 and the F statistics computed value show a figure of 23.254 which is significant at 5% level of significant which leads to the rejection of the null hypotheses and the acceptance of the alternate hypotheses which state that there is significant relationship between adoption of international financial reporting standards and financial reporting of banks in Nigeria and that there is significant relationship between international financial reporting standards and banks performance in Nigeria. However, comprehensive implementation of the standard to its totality by firms in the country, and the regulatory authorities should monitor strict compliance.
Author: Olawale Luqman
Publisher:
ISBN:
Category :
Languages : en
Pages : 21
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Book Description
This research work examined the impact of International Financial Reporting Standard (IFRS) adoption on Banks performance in Nigeria. The study is based on the appraisal of IFRS compliance and Adoption. Both primary and secondary data were used in this study. The primary data would be sourced via a questionnaire administered in a survey conducted on examining the convergence to IFRS in Nigeria Commercial Banks using Access bank Plc. as a case study while the secondary data collected from Annual Report of Access Banks Plc from 2007 to 2012 as well as journals, textbooks and newspapers. The result of the analysis showed that at there is significant relationship adoption of IFRS and financial reporting of banks in Nigeria and that there is significant relationship between IFRS and banks performance in Nigeria. At degree of freedom 2 and 5% level of significance, the X2 table value is 5.99 while the calculated value is 6.380 and the F statistics computed value show a figure of 23.254 which is significant at 5% level of significant which leads to the rejection of the null hypotheses and the acceptance of the alternate hypotheses which state that there is significant relationship between adoption of international financial reporting standards and financial reporting of banks in Nigeria and that there is significant relationship between international financial reporting standards and banks performance in Nigeria. However, comprehensive implementation of the standard to its totality by firms in the country, and the regulatory authorities should monitor strict compliance.
Author: Nestor Amahalu
Publisher:
ISBN:
Category :
Languages : en
Pages : 19
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Book Description
The aim of this study is to determine the effect of adoption of International Financial Reporting Standard (IFRS) on the financial performance of banks in order to produce a more comparable, transparent and reliable financial statement. This study therefore, examines the effect of adoption of IFRS on the financial performance of Nigerian companies-evidence from Nigeria banking sector. The ex-post facto research design was adopted for this study. Mainly secondary data was used. Three hypotheses were formulated and tested in the course of this study. The statistical tool used to test the hypotheses was paired t-test statistic. It revealed that adoption of IFRS has significant effect on the profitability banks, and that IFRS has improved investors' confidence in the financial statement. It was concluded that IFRS has positive impact on the reported net income and equity of banks, and on their profitability. It was recommended that government and regulatory authorities should organize more quality training to get bankers informed.
Author: Luqman Olawale
Publisher: LAP Lambert Academic Publishing
ISBN: 9783659766725
Category :
Languages : en
Pages : 108
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Book Description
This book examined the impact of International Financial Reporting Standard (IFRS) adoption on Financial Reporting of Banks in Nigeria. The study is based on the appraisal of IFRS compliance and Adoption. Both primary and secondary data were used in this study. The primary data would be sourced via a questionnaire administered in a survey conducted on examining the convergence to IFRS in Nigeria Commercial Banks using Access bank Plc. as a case study while the secondary data collected from Annual Report of Access Banks Plc from 2007 to 2012 as well as journals, textbooks and newspapers. The result of the analysis showed that at there is significant relationship adoption of IFRS and financial reporting of banks in Nigeria and that there is significant relationship between IFRS and banks performance in Nigeria. At degree of freedom 2 and 5% level of significance, the X2table value is 5.99 while the calculated value is 6.380 and the F statistics computed value show a figure of 23.254 which is significant at 5% level of significant which leads to the rejection of the null hypotheses and the acceptance of the alternate hypotheses.
Author: M. W. E. Glautier
Publisher:
ISBN: 9780273025023
Category : Accounting
Languages : en
Pages : 732
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Book Description
Author: Professor Muhammad Tanko
Publisher:
ISBN:
Category :
Languages : en
Pages : 33
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Book Description
This paper assesses the effect of compliance with the regulation and provisions of the international financial reporting standards on the performance of some selected Nigerian banks that are quoted on the Nigerian stock market. The paper defines the change in performance based on two parameters. First, change in Accounting Quality of the firms, for which we used such variables as; earnings management, and timely loss recognition. Secondly we measure the performance of the firms based on changes on identified financial ratios of the firms. We tested the impact of adoption as it relates to profitability, growth, leverage, and liquidity performance. The paper utilizes secondary data to tests the effects of the adoption of IFRS on the performance of the selected firms in Nigeria. Logit regression and t-test were used in the analysis. The paper finds that variability of earnings has decreased from an average of 32624.4 to 14432.2 which suggest that there was low variability in earnings in the post adoption period. Timely loss recognition is the measure for prevalence of large negative earnings where large negative results suggest that the loss recognition is not timely in the post adoption period. For our study we found LNEG to be positive which signifies that IFRS firms recognize losses more frequently in the post adoption period than they do in the pre adoption period, we therefore conclude that accounting quality improves after the adoption of IFRS. Furthermore, under IFRS firms tend to exhibit higher values on a number of profitability measures, such as earnings per share (EPS). It is our recommendation that comprehensive implementation of the standard to its totality by firms should be encouraged and regulatory authorities such as the Securities and Exchange Commission, and external auditors should monitor strict compliance with the adoption and provisions of the standards.
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: Toma Ayuba
Publisher: IPR Journals and Book Publishers
ISBN: 9914752837
Category : Business & Economics
Languages : en
Pages : 162
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Book Description
TOPICS IN THE BOOK Impact of Environmental and Social Disclosure on Return on Asset of Listed Oil and Gas Companies in Nigeria Assessment of Financial Reporting Quality in a Developing Country Using Nice Qualitative Characteristics Measurement Effect of International Financial Reporting Standards Compliance on Financial Reporting Quality: Evidence from a Developing Country Profitability, Leverage, Efficiency and Financial Distress in Commercial and Manufacturing State Corporations in Kenya Liquidity Capacity and Financial Performance of Commercial Banks in Kenya Factors Affecting First Year Students’ Performance in Fundamental Accounting Course: Case Study Kampala International University in Tanzania (KIUT)
Author: Roshima Said
Publisher: Springer
ISBN: 9811069263
Category : Business & Economics
Languages : en
Pages : 273
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Book Description
This book discusses several important issues related to corporate governance reporting, corporate social responsibility (CSR), fraud and bankruptcy. It gathers papers presented at the 6th International Conference on Governance, Fraud, Ethics and Social Responsibility, which was held in Penang, Malaysia on 18–19 November 2015. The content is divided into three major sub-themes: Corporate Governance and Accountability; Corporate Social Responsibility (CSR) and Sustainable Development; and Ethics, Risk and Fraud. The first sub-theme addresses recently identified issues, such as corporate governance reporting, corporate governance regulation differences between countries, governance and financial market economics, financial market supervision, and control and risk management. In turn, the second sub-theme focuses on international auditing standards, green/socially responsible investment, environmental and social accounting and auditing, CSR-related matters, legislation and CSR reporting differences for public listed companies, accounting for sustainable development performance, and sustainability assessment models. The third sub-theme puts the spotlight on financial assessment and diagnosis, modeling, hedging, fraud, bankruptcy, accounting and auditing ethics and ethical problems in financial markets. Taken together, the issues discussed here provide state of art theories and empirical evidence approached from broad perspectives, making the book a valuable resource for researchers, students and practitioners alike.
Author: Nestor Amahalu
Publisher:
ISBN:
Category :
Languages : en
Pages : 12
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Book Description
This study was carried out to ascertain the effect of International Financial Reporting Standards adoption on cost of equity capital of Nigerian banks with a focus on fifteen (15) banks quoted on the Nigeria Stock Exchange. The study made use of secondary sources of data obtained from the annual report and accounts of the selected banks under study. The relevant data were subjected to statistical analysis with the use of ANOVA and multiple regression techniques. The results of the study revealed that there is a positive and significance relationship between IFRS adoption and cost of equity capital. It was also empirically verified that the adoption of IFRS by companies would help in investment decisions of management. The researchers recommended that financial regulatory bodies such as International Accounting Standard Board (IABS) Financial Reporting Council of Nigeria (FRCN), Nigeria Stock Exchange (NSE), Stock Exchange Commission (SEC) et cetera, should enact policies that would regulate the trading activities of companies in order to ensure transparency of their operations.
Author: Peterson K. Ozili
Publisher:
ISBN:
Category :
Languages : en
Pages : 22
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Book Description
We examine the extent of bank earnings smoothing during mandatory IFRS adoption in Nigeria, to determine whether mandatory IFRS adoption increased or decreased income smoothing among Nigerian banks. We find that the mandatory adoption of International Financial Reporting Standards (IFRS) is associated with lower earnings smoothing among Nigerian banks, which implies that Nigerian banks do not use loan loss provisions to smooth reported earnings during the mandatory IFRS adoption period. We find evidence for earnings smoothing via LLP during voluntary IFRS adoption. Earnings smoothing is not significantly associated with listed and non-listed Nigerian banks during voluntary and mandatory IFRS adoption. Overall, the findings indicate that mandatory IFRS adoption improves the informativeness and reliability of loan loss provisions estimate by discouraging Nigerian banks from influencing loan loss provisions for earnings smoothing purposes during the mandatory IFRS adoption. The findings of this paper are relevant to the debate on whether IFRS reporting improves the quality of financial reporting among firms in Nigeria. The implication of the study is that IFRS has higher accounting quality than local GAAP in Nigeria as it improves the quality and informativeness of accounting numbers (LLPs and earnings) reported by Nigerian banks during the period examined.
