Challenges To The Adoption Of International Financial Reporting Standards (Ifrs) In Listed Companies In Nigeria

NWADIGHOHA LUCKY EPHRAIM | 13 pages (33791 words) | Theses

ABSTRACT

This study investigated the Challenges of International Financial Reporting Standards (IFRS) Adoption for listed companies in Nigeria. The emergence of IFRS was a major task for Accountants in Nigeria to transit to, and embrace. Both primary and secondary data were used in the study, a population of six (600) Accountants drawn from the pool of one hundred and thirty-eight (138) listed companies were used. A model was formulated using multiple Regression Analysis, with functional expression: LOA = f (AEA, TR, CIAAP). The following findings were made, accounting education and awareness, training resources, and cost of acquiring accounting packages, all have significant effects on the level of IFRS adoption. It is therefore recommended that, Tertiary institutions should be encouraged to integrate International Financial Reporting Standard modules into their programs, in order to produce better equipped graduates who are IFRS certified. This will go a long way to reduce the challenges when these graduates are eventually recruited. Lastly, IFRS adoption in listed companies in Nigeria should be further improved.

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APA

NWADIGHOHA, E (2023). Challenges To The Adoption Of International Financial Reporting Standards (Ifrs) In Listed Companies In Nigeria. Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/challenges-to-the-adoption-of-international-financial-reporting-standards-ifrs-in-listed-companies-in-nigeria-7-2

MLA 8th

EPHRAIM, NWADIGHOHA. "Challenges To The Adoption Of International Financial Reporting Standards (Ifrs) In Listed Companies In Nigeria" Mouau.afribary.org. Mouau.afribary.org, 27 Mar. 2023, https://repository.mouau.edu.ng/work/view/challenges-to-the-adoption-of-international-financial-reporting-standards-ifrs-in-listed-companies-in-nigeria-7-2. Accessed 31 Oct. 2024.

MLA7

EPHRAIM, NWADIGHOHA. "Challenges To The Adoption Of International Financial Reporting Standards (Ifrs) In Listed Companies In Nigeria". Mouau.afribary.org, Mouau.afribary.org, 27 Mar. 2023. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/challenges-to-the-adoption-of-international-financial-reporting-standards-ifrs-in-listed-companies-in-nigeria-7-2 >.

Chicago

EPHRAIM, NWADIGHOHA. "Challenges To The Adoption Of International Financial Reporting Standards (Ifrs) In Listed Companies In Nigeria" Mouau.afribary.org (2023). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/challenges-to-the-adoption-of-international-financial-reporting-standards-ifrs-in-listed-companies-in-nigeria-7-2

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