Problems Of Adoption And Application Of International Financial Reporting Standards (IFRS) In Nigeria (A Study Of Selected Banks In Umuahia)
ABSTRACT
This research focused on the adoption and application of
IFRS in Nigeria and the problems relating thereto using selected banks in
Umuahia as a case study. This study was carried out to identify and analyze the
problems faced by Nigerian banks in adoption and application of IFRS and to
ascertain whether the adoption and application of IFRS in Nigeria will be to
the betterment of the nation or not. In the study of this work, primary and
secondary data were sourced for; also works of Other scholars and journals were
used. Simple random sampling techniques were used. The population of the study
was 32 and the sample size which was determined using Yaro Yamen's formula was
30. Questionnaires were designed using 5 point Likert scale, distributed to 30
respondents and were correctly filled and returned. Simple descriptive
statistic was used in answering the research questions while T-test was used in
analyzing the 2 hypothesis formulated. The study however concluded that
adoption and application of IFRS, despite its cumbersomeness and problems would
be to the betterment of the nation in view of the fact that it enhances better
accountability and transparency and improve quality of reporting. This study at
the end. recommends that Nigeria should still go ahead in the implementation of
IFRS because of the significant roles it plays; the benefits of IFRS outweighs
the problems.
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OKONKO, C (2021). Problems Of Adoption And Application Of International Financial Reporting Standards (IFRS) In Nigeria (A Study Of Selected Banks In Umuahia). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/problems-of-adoption-and-application-of-international-financial-reporting-standards-ifrs-in-nigeria-a-study-of-selected-banks-in-umuahia-7-2
CHINWE, OKONKO. "Problems Of Adoption And Application Of International Financial Reporting Standards (IFRS) In Nigeria (A Study Of Selected Banks In Umuahia)" Mouau.afribary.org. Mouau.afribary.org, 20 Sep. 2021, https://repository.mouau.edu.ng/work/view/problems-of-adoption-and-application-of-international-financial-reporting-standards-ifrs-in-nigeria-a-study-of-selected-banks-in-umuahia-7-2. Accessed 01 Nov. 2024.
CHINWE, OKONKO. "Problems Of Adoption And Application Of International Financial Reporting Standards (IFRS) In Nigeria (A Study Of Selected Banks In Umuahia)". Mouau.afribary.org, Mouau.afribary.org, 20 Sep. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/problems-of-adoption-and-application-of-international-financial-reporting-standards-ifrs-in-nigeria-a-study-of-selected-banks-in-umuahia-7-2 >.
CHINWE, OKONKO. "Problems Of Adoption And Application Of International Financial Reporting Standards (IFRS) In Nigeria (A Study Of Selected Banks In Umuahia)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/problems-of-adoption-and-application-of-international-financial-reporting-standards-ifrs-in-nigeria-a-study-of-selected-banks-in-umuahia-7-2