Effect Of International Financial Reporting Standard On Firm Performance In Nigeria

ABSTRACT

This study investigates the effect of international financial reporting standard on the performance of firm in Nigeria. The objectives of the study are to evaluate the difference in pre and post IFRS adoption values in the profitability of banks in Nigeria. To determine the extent to which pre and post IFRS figures for shareholder wealth maximization. To achieve the objective of the study. Ex-factors research design was adopted. The researcher adopted secondary data from the annual financial statement of the selected banks. In testing the hypothesis independent test was used with the aid of statistical packages of social science (SPSS). The findings shows that there is a significantly differ. Lastly there is no significant difference between pre and post IFRS adoption values of earning per share of banks in Nigeria. The researcher therefore recommends that there should  be consistency in the application of financial statement preparations. This the variations that could emanate from the preparation of financial statement as a result of divers standards used should be curb and hence stands to the taste (satisfaction) of the of' the users. By this the effected increase in the market growth and profitability as a result of the international financial reporting standards will be strongly.