Problems Of Adoption And Application Of International Financial Reporting Standards (Ifrs) In Nigeria (A Study Of Selected Banks In Umuahia):- Okonko, Nkechi C
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 ofIFRS and to ascertain whether the adoption
and application ofIFRS in Nigeria will be to the betterment ofthe 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 ofthe study was 32 and the sample
sizewhich 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 ofthe nation in view ofthe 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
ofIFRS because ofthe significantroles it plays; the benefits ofIFRS outweighs
the problems.
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OKONKO, O (2024). Problems Of Adoption And Application Of International Financial Reporting Standards (Ifrs) In Nigeria (A Study Of Selected Banks In Umuahia):- Okonko, Nkechi C. Repository.mouau.edu.ng: Retrieved Nov 24, 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-okonko-nkechi-c-7-2
OKONKO, OKONKO. "Problems Of Adoption And Application Of International Financial Reporting Standards (Ifrs) In Nigeria (A Study Of Selected Banks In Umuahia):- Okonko, Nkechi C" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 21 Aug. 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-okonko-nkechi-c-7-2. Accessed 24 Nov. 2024.
OKONKO, OKONKO. "Problems Of Adoption And Application Of International Financial Reporting Standards (Ifrs) In Nigeria (A Study Of Selected Banks In Umuahia):- Okonko, Nkechi C". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 21 Aug. 2024. Web. 24 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-okonko-nkechi-c-7-2 >.
OKONKO, OKONKO. "Problems Of Adoption And Application Of International Financial Reporting Standards (Ifrs) In Nigeria (A Study Of Selected Banks In Umuahia):- Okonko, Nkechi C" Repository.mouau.edu.ng (2024). Accessed 24 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-okonko-nkechi-c-7-2