scholarly journals International Financial Reporting Standards and Manufacturing Firms’ Financial Performance in Nigeria: A Study of Selected Quoted Firms

2018 ◽  
Vol 6 (1) ◽  
Author(s):  
Leonard I. Amaefule ◽  
Ulumma R. Onyekpere ◽  
Edith O. Kalu
Keyword(s):  
Financial Performance ◽  
Financial Reporting ◽  
Manufacturing Firms ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Financial Reporting Standards

scholarly journals Does Adoption of International Financial Reporting Standards (IFRS) Affect Financial Performance? Evidence from Nigerian Deposit Money Banks

2018 ◽  
Vol 8 (3) ◽  
pp. 51
Author(s):  
Meshack Aggreh ◽  
Charles A. Malgwi ◽  
Amanda E. Enyi-Igbokwe ◽  
Mercy S. Aggreh
Keyword(s):  
Financial Performance ◽  
Financial Reporting ◽  
Business Processes ◽  
Stock Exchange ◽  
International Financial Reporting Standards ◽  
Rank Test ◽  
Reporting Standards ◽  
Financial Reporting Standards ◽  
Ifrs Adoption ◽  
The Government

This paper examines the effect of International Financial Reporting Standards (IFRS) adoption on financial performance of eleven (11) deposit money banks listed on the Nigerian Stock Exchange (NSE) as at December 31, 2014. The Wilcoxon Signed-Rank test was used to test whether significant differences exist in the profitability, liquidity and leverage ratios of the selected banks using IFRS and Nigerian Statement of Accounting Standards (SAS) based financial statements. The results show that adoption of IFRS does significantly affect financial performance of Nigerian deposit money banks. Specifically, IFRS adoption significantly and positively affects profitability of Nigerian deposit money banks, while it significantly, but negatively affects their liquidity and financial leverage. The study recommends continuous enlightenment campaigns on the potential effects of IFRS implementation by the regulatory authorities, professional bodies and the government as more and more firms in Nigeria change from SAS based financial reporting to IFRS. Furthermore, firms should endeavour to use the opportunity presented by the IFRS to improve their business processes in all ramifications so as to promote uniformity and transparency.

scholarly journals The Importance of Moving to International Financial Reporting Standards for Indonesian Companies

2011 ◽  
Vol 9 (1) ◽  
Author(s):  
Andian Ari Istiningrum
Keyword(s):  
Financial Performance ◽  
Financial Reporting ◽  
Cash Flows ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Financial Reporting Standards ◽  
Financial Position ◽  
First Time ◽  
Us Gaap

The aim of this study is to determine basic differences between US GAAP and IFRSand provides some solutions to overcome problems that arise due to those differences.Literature review is used in this study to obtain the data about the effects of moving to IFRSin other countries. The results that are achieved in this study are: (i) transition to IFRS willchange financial position, financial performance, and cash flows of companies, (ii) benefitsthat companies take from transition to IFRS outweigh all costs that incur in the conversion,and (iii) IFRS 1 provides important guidance for a first time adopter.

scholarly journals The Impact of International Financial Reporting Standards on Financial Performance

2018 ◽  
Vol 1 (1) ◽  
pp. 20
Author(s):  
Adedoyin Isola Lawal ◽  
Yinka D. Olufemi ◽  
IfeOluwa Adewuyi ◽  
Olubukoye Opeyemi Oye
Keyword(s):  
Financial Performance ◽  
Financial Reporting ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Quality Reporting ◽  
Financial Reporting Standards ◽  
Ifrs Adoption ◽  
Earnings Per Share ◽  
Foreign Countries ◽  
The Impact

Globalization, capital market crash and the Enron’s case led the accounting profession to insist on the need for a single set of high quality reporting standards. International Financial Reporting Standards (IFRS) were first adopted in 2005 by EU countries while Nigeria agreed to adopt in 2012. The question is: How does IFRS adoption improve the monetary relevance of accounting information? Several studies have explored the monetary relevance of IFRS adoption; however, they are based on foreign countries while Nigerian researches do not contain empirical evidence as they are mostly theoretical. This study therefore seeks to investigate the effect of IFRS adoption on financial performance. The study used correlation research design and data on Earnings per Share (EPS), Change in Earnings per Share (CEPS), Book Value per Share (BVPS) and net profit margin

scholarly journals An assessment of the challenges of adopting and implementing IFRSS for SMEs in South Africa

2016 ◽  
Vol 14 (2) ◽  
pp. 212-221 ◽  
Author(s):  
Sikhwari Rudzani ◽  
Manda David Charles
Keyword(s):  
South Africa ◽  
Financial Performance ◽  
Financial Reporting ◽  
Financial Statements ◽  
Limpopo Province ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Accounting Profession ◽  
Financial Reporting Standards ◽  
Vhembe District

The purpose of this study is to assess the challenges faced by small and medium sized enterprises (SMEs) in adopting and implementing International Financial Reporting Standards (IFRS) for SMEs in South Africa. There is a perception that, although SMEs are required to use IFRS for SMEs in South Africa, many of these entities are finding it difficult to adopt or implement the IFRS for various reasons including lack of the necessary expertise. The objective of the study is to establish, empirically, the reasons and, subsequently, to determine the attributing causes of the problem, if that was the case. The study is based on a sample of randomly selected number of SMEs in Vhembe district, Thohoyandou, Limpopo province, South Africa. The study findings show that many SMEs in Vhembe District (67%) have adopted IFRS for SMEs in various forms and degree, but, generally, SMEs still find challenges in implementation due to lack of resources. For compliance purposes, however, even those SMEs which have not substantially implemented the IFRS for SMEs are expected to prepare their financial statements by referring to the guidelines. Consequently, this raises a problem when comparing financial performance of various SMEs whose financial statements are prepared using different approaches. The study findings serve as a reminder to the accounting profession about the challenges that SMEs face when they attempt to adopt IFRS for SMEs

scholarly journals Adoption of International Financial Reporting Standards (IFRS) and Financial Performance of Deposit Money Banks in Nigeria

2021 ◽  
Vol 20 (1) ◽  
pp. 155-175
Author(s):  
Adeduro Adesola Ogunmakin ◽  
◽  
Bamikole Samson Fajuyagbe ◽  
Micah Juwon Akinleye ◽  
◽  
...  
Keyword(s):  
Financial Performance ◽  
Financial Reporting ◽  
Random Effect ◽  
Negative Influence ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Data Set ◽  
Financial Reporting Standards ◽  
Time Period ◽  
Set Up

The study explored adoption of the International Financial Reporting Standards (IFRS) on financial performance of banks in Nigeria over a time period of ten years spreading over from 2006 to 2016. Data set utilized were randomly gathered across 10 (ten) banks, and analyzed with the use of pooled OLS, fixed effect and random effect estimations alongside the F-test and Hausman test. Result showed that embracing IFRS had insignificant positive effect on ROA of banks in Nigeria (β=0.0038609 p=0.366). It was likewise shown that loan to deposit ratio had a significant negative influence on return on asset (β=-0.0017625 p=0.046). The study established that IFRS implementation had not significantly spurred financial performance of banks in Nigeria, however it has the possibility of doing as such if banks can completely receive and fuse all parts of the Standard in their monetary detailing structure. Subsequently, it is suggested that Regulatory Authorities of deposit money banks should set up an administrative board that will be burdened with the obligation of following the pace of adoption of the IFRS in the country.

Making the Right Comparisons: Novartis AG

2007 ◽  
Vol 22 (4) ◽  
pp. 721-733 ◽  
Author(s):  
Elaine Henry ◽  
Ya-Wen Yang
Keyword(s):  
Financial Performance ◽  
Financial Reporting ◽  
Financial Statements ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Generally Accepted Accounting Principles ◽  
Financial Reporting Standards ◽  
Accounting Principles ◽  
The Right ◽  
Analytical Skill

This case introduces the concept of convergence between International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP). The scenario involves a securities analyst's evaluation of Novartis AG's financial performance under IFRS and U.S. GAAP, and provides an opportunity to examine the issues giving rise to differences under the two sets of standards. Based on the company's 20-F disclosure, the case uses the reconciliation footnotes to recast the company's IFRS financial statements to U.S. GAAP. The analytical skill of adjusting financial statements is useful beyond the IFRS-to-U.S. GAAP context.

Pengaruh Konvergensi International Financial Reporting Standards (Ifrs) Terhadap Penghindaran Pajak(Tax Avoidance)

2018 ◽  
Vol 26 (2) ◽  
pp. 158-169
Author(s):  
Umi Wahidah ◽  
Sri Ayem
Keyword(s):  
Financial Reporting ◽  
Tax Evasion ◽  
Stock Exchange ◽  
Control Variable ◽  
Tax Avoidance ◽  
Sampling Technique ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Control Variables ◽  
Financial Reporting Standards

This research aimed to examine the effect of the convergence of International Financial Reporting Standards (IFRS) on tax avoidance on companies listed in Indonesia Stock Exchange. Tax avoidance that used in this research was Cash Efective Tax Rate (CETR). This research is also use the control variable to get other different influence that different such as CSR, size, and earning management (EM. This research used populations sector of transport service companies that listed in Indonesia Stock Exchange. The data of this research taken from secondary data that was from the Indonesia Stock Exchange in the form of Indonesian Capital Market Directory (ICMD) and the annual report of the company 2011-2015. The method of collecting sample was purposive sampling technique, the population that to be sampling in this research was populations that has the criteria of a particular sample. Companies that has the criteria of the research sample as many as 78 companies. The method of analysis used in this research is multiple regression analysis. Based on regression testing shows that the convergence of International Financial Reporting Standards (IFRS) has a positiveand significant impact on tax evasion. This shows that IFRS convergence actually improves tax evasion practices. The control variables of firm size and earnings management also significantly influence the application of IFRS in improving tax avoidance practices, while CSR control variables have no role in convergence IFRS in improving tax evasion practice.

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