Adoption of IFRS In Nigerian: Implementation And Challenges Among Nigerian Money Deposit Banks

Type Project Topics
Faculty Administration
Course Accountancy / Accounting
Price ₦4,000
Key Features:
- No of Pages: 65

- No of Chapters: 5
Introduction:

Abstract

Historically, there is diversity in financial reporting in different countries due to culture, legal systems, tax systems and business structures. International Financial Reporting Standards (IFRS) harmonizes this diversity by making financial statements more comparable. This study examine the adoption of IFRS in Nigeria in relation to its implementation and challenges among the Nigerian money deposit banks. It specifically evaluate whether the first time implementation of IFRS is costly and expensive, it also examine the extent of stakeholders’ awareness of this standard and the influence of existing Nigeria laws on the smooth transition to IFRS.New Institutional Theory is the theoretical framework on which this study was based. Eighty five (85) responses were obtained through questionnaires and analyzed using the simple percentages and Z-test statistical method to test its implementation challenges in Nigerian banking industry. The study reveals thatthe first time Implementation of IFRS is very expensive and costly, there is a low level of public awareness on the use of IFRS and the existing Nigerian laws does not have much influence on the smooth transition to IFRS. Consequently,recommendations were made that adequate resources should be put in place to support the sustainable implementation of IFRS by government, IFRS awareness programmes should be organized across the country to sensitize and orientate stakeholders on this issue and existing Nigerian laws should further be amended to enhance smooth transition to IFRS in Nigeria.

Table of Content

TABLE OF CONTENT

Title page……………………………………………………………………………….……i

Certification…………………………………………………………………………….……ii

Dedication …………………………………………………………………………….…….iii

Acknowledgement …………………………………………………………………….…….iv

Abstract ……………………………………………………………………………….……..vi



CHAPTER ONE

INTRODUCTION

1.1 Background of the study ………………………………………………………………....1

1.2 Statement of the problems ……………………………………………………………… .2

1.3 Objectives of the study…………………………………………………………………....3

1.4 Research Questions ………………………………………………………………………3

1.5 Research Hypotheses……………………………………………………………………..4

1.6 The scope of the study……………………………………………………………………4

1.7 Justification for the study…………………………………………………………………4

1.8 Outline of the study……………………………………………………………………….5

1.9 Definition of term ………………………………………………………………………...6

CHAPTER TWO

LITERATURE REVIEW

2.1 Introduction……………………………………………………….………………7

2.2 Conceptual Framework …………………………………………………………...7

2.3 Theoretical Background………………………………………………………….22

2.4 Empirical Review…………………………………………………………………24

2.5 Summary……………………………………………………………………….….27

CHAPTER THREE

RESEARCH METHODOLOGY

3.1 Introduction………………………………………………………………………28

3.2 Research Design………………………………………………………………….28

3.3 Population and Sampling Techniques…………………………………………….28

3.4 Method of Data Collection……………………………………………………….29

3.5 Method of data Analysis…………………………………………………………29

3.6Decision Rule…………………………………………………………………….30

CHAPTER FOUR

DATA PRESENTETION AND ANALYSIS

4.1 Introduction………………………………………………………………...……31

4.2 Presentation and Analysis………………………………………………………..31

4.3 testing of hypotheses……………………………………………………………..47

4.4 Discussion of results……………………………………………………………...48







CHAPTER FIVE

SUMMARY, CONCLUSION,AND RECOMMENDATIONS

5.1Introduction……………………………………………………………………..50

5.2 Summary of Findings………………………………………………………..…50

5.3 Conclusion…..………………………………………………………………….51

5.4 Recommendations……………………………………………………………...52

5.5 Limitations of the Study……………………………………………………….55

5.6 Suggested Areas for Further Research……………………………………...…56

References…………………………………………………………………………57

Appendix…………………………………………………………………………..60

Introduction

The introduction of this research is only available in the paid version.
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