ABSTRACT
International
Accounting Standards Board ('IASB,) developed accounting standards and related
interpretations jointly referred to as the International Financial Reporting
Standards (IFRS). IFRS enhances reliability, comparability, understandability,
timeliness and simplflesinterpretation of accounting numbers. This study looks
at the use of IFRS to solve the problem of inefficiency and variations in
financial reports in order to create uniform and quality financial report
internationally. The study aims at showing the impacts JFRS has on Eco bank plc
as it affects its reporting practices. The data for this study were
collectedfrom the primary source. Regression model was used to determine the
level of relationship between the impact of IFRS and the quality /
effectiveness offinancial reports of Eco bank plc. Based on the empirical
result the study revealed that the estimated coefficient of the regression
parameter have a positive sign and thus conform to our a-priori expectation.
This implies that that IFRS has a signfi cant effect on financial reporting.
The IFRS is considered a very effective and updated set of standard that will
enhance the quality of financial information in Ecobank Plc. Ecobank Plc should
strictly apply the standard in all areas of its financial reporting especially
because of globalization and interaction among nation and economies. Doing this
will improve financial reporting in Ecobank Plc.
ANYA, S (2021). Impact Of International Financial Reporting Staj'4dards On The Reporting Practices Of Ecobank Plc. Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-international-financial-reporting-staj4dards-on-the-reporting-practices-of-ecobank-plc-7-2
SUSAN, ANYA. "Impact Of International Financial Reporting Staj'4dards On The Reporting Practices Of Ecobank Plc" Mouau.afribary.org. Mouau.afribary.org, 26 Nov. 2021, https://repository.mouau.edu.ng/work/view/impact-of-international-financial-reporting-staj4dards-on-the-reporting-practices-of-ecobank-plc-7-2. Accessed 31 Oct. 2024.
SUSAN, ANYA. "Impact Of International Financial Reporting Staj'4dards On The Reporting Practices Of Ecobank Plc". Mouau.afribary.org, Mouau.afribary.org, 26 Nov. 2021. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-international-financial-reporting-staj4dards-on-the-reporting-practices-of-ecobank-plc-7-2 >.
SUSAN, ANYA. "Impact Of International Financial Reporting Staj'4dards On The Reporting Practices Of Ecobank Plc" Mouau.afribary.org (2021). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/impact-of-international-financial-reporting-staj4dards-on-the-reporting-practices-of-ecobank-plc-7-2