Effect Of Adoption Of International Financial Reporting Standard (Ifrs) On Firms Growth Of Selected Firms In Nigeria

Abstract
This study was carried out to ascertain the firms growth on the adoption of International Financial Reporting Standards (IFRS). Many researches were conducted before  IFRS was adopted in Nigeria so as to encourage its adoption but after the adoption of IFRS in Nigeria very few studies have been conducted to verify if truly the acclaimed benefits of IFRS in theory are the same in practices. Also there is little research on the perception of users of IFRS financial information. This study aims to fill in the gap by conducting a research on users of financial reports. Proxies where used in measuring the positivity and negativity of the adoption.  The study made use of secondary sources of data in eliciting the required information needed for this research. Annual report from selected quoted companies was used. The collected data was tested through regression analysis with the use of Statistical Package for Social Sciences (SPSS). The study finds that IFRS adoption influences investment decision in Nigeria, it has increased confidence of Nigerian investors in the financial statements of company since IFRS is globally used and by this, has increased firms growth .    A/so this study  was able to show that major percentage  of the Investors in Nigeria understands the IFRS reporting of companies.  The paper recommends that organization should improve their IFRS communication in the annual report.  Users of financial information especially the investing community, consisting of investors and stockbrokers, should endeavor to get more trainings on IFRS so they can have more understanding and easily interpret IFRS accounts better.