Effect Of The Adoption Of International Financial Reporting Standards (IFRS) On The Performance Of Firms (A Study Of Uba)

NGWOBIA EBUBECHUKWU U | 143 pages (22326 words) | Projects

ABSTRACT

The increasing volume of cross border capital flows and the growing number of foreign direct investments via mergers and acquisitions in the globalization era necessitated the need for the harmonization of different practices in accounting and the acceptance of worldwide standards. This worldwide standard is International financial reporting standards (IFRS). For the purpose of this study the researcher sought to determine the effect if the adoption of international financial reporting standards (IFRS) on the performance of firms in Nigeria. The main objective of the study was to know the effect if the adoption of international financial reporting standards (IFRS) on the performance of firms in Nigeria. The study adopted primary and secondary data method of data collection and the researcher employed the Paired sample T- test and simple regression method of data analysis to estimate the relationship of the variables. The researcher administered a survey questionnaire to each member of the target population since it was the most appropriate tool to gather the information and also some ratios were calculated from the published annual report of UBA. Descriptive statistics such as frequency distribution were used in the analysis of data. Data presentation was done by the use of tables for easy understanding and interpretation. In view of the above, the study therefore recommends that there should be consistency in the application of IFRS in their financial preparations. Thus, the variations that could emanate from the preparation of Financial statement as a result of diverse standards used should be curb and hence, stands to the taste (satisfaction) of the external users especially, potential investors and shareholders of financial Institutions (UBA). Furthermore, from our findings, internal factors that affect the adoption of IFRS in UBA were exposed and proper attention and orientation should be rendered to those factors enlisted above so as to embrace the understanding and harmonization of diverse standards as embraced by adoption and implementation IFRS.

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APA

NGWOBIA, U (2021). Effect Of The Adoption Of International Financial Reporting Standards (IFRS) On The Performance Of Firms (A Study Of Uba). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-the-adoption-of-international-financial-reporting-standards-ifrs-on-the-performance-of-firms-a-study-of-uba-7-2

MLA 8th

U, NGWOBIA. "Effect Of The Adoption Of International Financial Reporting Standards (IFRS) On The Performance Of Firms (A Study Of Uba)" Mouau.afribary.org. Mouau.afribary.org, 18 Aug. 2021, https://repository.mouau.edu.ng/work/view/effect-of-the-adoption-of-international-financial-reporting-standards-ifrs-on-the-performance-of-firms-a-study-of-uba-7-2. Accessed 01 Nov. 2024.

MLA7

U, NGWOBIA. "Effect Of The Adoption Of International Financial Reporting Standards (IFRS) On The Performance Of Firms (A Study Of Uba)". Mouau.afribary.org, Mouau.afribary.org, 18 Aug. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-the-adoption-of-international-financial-reporting-standards-ifrs-on-the-performance-of-firms-a-study-of-uba-7-2 >.

Chicago

U, NGWOBIA. "Effect Of The Adoption Of International Financial Reporting Standards (IFRS) On The Performance Of Firms (A Study Of Uba)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-the-adoption-of-international-financial-reporting-standards-ifrs-on-the-performance-of-firms-a-study-of-uba-7-2

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