The study examines
the effect of IFRS adoption on the financial performance of manufacturing firms
in Nigeria. Data were collected from the financial reports of ten manufacturing
firms in Nigeria from 2007 – 2016. The research design adopted was ex post facto.
Data were analyzed using descriptive analysis to ascertain the mean, standard
deviation and skewness of the variables. Independent samples T- test statistics
was used to analyze significant difference between the variables in the pre and
post IFRS adoption. The findings
revealed that IFRS adoption has no significant effect on some profitability
ratios, while some indicated significant effect. No significant difference was observed in the
profit margin, liquidity and leverage when compared over the period while
Efficiency and Dividend payout indicated a significant difference.The findings
showed that the t-test statistic for profit margin, liquidity and leverage are
-0.789, .262, and .133 respectively which is not statistically significant at
an acceptable bound of 5%. Also IFRS adoption significantly affects the firm’s
efficiency and dividend payout ratios with a t- test value of .042 and .023
respectively which is within the bound of 5% level of statistical significance.
The study therefore recommends that manufacturing firms should support the
Nigeria’s adoption of IFRS, to comply strictly and follow the rudiments of IFRS
to enable them benefit from IFRS adoption just as the developed countries are
benefitting. It also point out that, manufacturing firms should embark on re-
training programs for accountants
MATILDA, C (2022). The Effect Of IFRS Adoption On The Financial Performance Of Listed Manufacturing Firms In Nigeria. Repository.mouau.edu.ng: Retrieved Jan 26, 2023, from https://repository.mouau.edu.ng/work/view/the-effect-of-ifrs-adoption-on-the-financial-performance-of-listed-manufacturing-firms-in-nigeria-7-2
CHINANU, MATILDA. "The Effect Of IFRS Adoption On The Financial Performance Of Listed Manufacturing Firms In Nigeria" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 11 Oct. 2022, https://repository.mouau.edu.ng/work/view/the-effect-of-ifrs-adoption-on-the-financial-performance-of-listed-manufacturing-firms-in-nigeria-7-2. Accessed 26 Jan. 2023.
CHINANU, MATILDA. "The Effect Of IFRS Adoption On The Financial Performance Of Listed Manufacturing Firms In Nigeria". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 11 Oct. 2022. Web. 26 Jan. 2023. < https://repository.mouau.edu.ng/work/view/the-effect-of-ifrs-adoption-on-the-financial-performance-of-listed-manufacturing-firms-in-nigeria-7-2 >.
CHINANU, MATILDA. "The Effect Of IFRS Adoption On The Financial Performance Of Listed Manufacturing Firms In Nigeria" Repository.mouau.edu.ng (2022). Accessed 26 Jan. 2023. https://repository.mouau.edu.ng/work/view/the-effect-of-ifrs-adoption-on-the-financial-performance-of-listed-manufacturing-firms-in-nigeria-7-2