scholarly journals Adopting and Imlementation of International Finacial Reporting Standard In Iraq Atheoretical Perspective

2021 ◽  
Vol 12 (2) ◽  
pp. 312-318
Author(s):  
Nawzad Majeed Hamawandy, Et. al.
Keyword(s):  
Developing Countries ◽  
Financial Market ◽  
Financial Reporting ◽  
Resistance To Change ◽  
Market Penetration ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Ifrs Adoption ◽  
Financial Market Development ◽  
The Empirical Analysis

Proper adoption of International Financial Reporting Standard (IFRS) has been inextricably linked to global financial market penetration and economic development. Yet most of the developing countries still face some challenges in its adoption. Various studies have examined the benefits and challenges of IFRS adoption. The organization and culture, resistance to change, knowledge of IFRS and government policy has dominated the discourse on the challenges of IFRS adoption in developing countries. As we consider the shift in discourse towards the developing countries, this paper explore the empirical analysis studies that analyzing the challenges hindering the proper adoption of IFRS, and its implication for financial market development and economic growth. This paper develops the main issues that pose a challenge to IFRS adoption in developing country like Iraq by reviewing the existing empirical evidence in the literature

scholarly journals International Financial Reporting Standard (IFRS) Adoption and Economic Growth: A Study of Nigeria and Kenya

2019 ◽  
pp. 1-8
Author(s):  
Ajibade, Ayodeji Temitope ◽  
Okeke, Obiajulu Chibuzo ◽  
Olurin, Oluwatoyosi Tolulope
Keyword(s):  
Economic Growth ◽  
Financial Reporting ◽  
Manufacturing Sector ◽  
Descriptive Statistics ◽  
National Bureau ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Ifrs Adoption ◽  
Adoption And Implementation ◽  
Significant Difference

This study examines the effect of IFRS adoption on economic growth, using Nigeria and Kenya, for the period 2000-2016. The data which was utilized in this study, was gotten from National bureau of statistics. Descriptive statistics and paired sample t-test were used to analyze the data. Manufacturing sector Gross domestic product (GDP) was used to proxy Economic growth. However, the findings show that there is a significant difference in Economic growth of Nigeria and Kenya between pre and post IFRS adoption. Hence, the study recommends that government should ensure the fully adoption and implementation of IFRS in every possible sector in other to enjoy other benefits that accrue from it. Also, further studies on IFRS adoption and economic growth should employ other variables not used in the study.

scholarly journals Dampak Adopsi IFRS terhadap Panjang Laporan Keuangan Perusahaan yang terdaftar di Bursa Efek Indonesia

2018 ◽  
Vol 5 (2) ◽  
pp. 170-181
Author(s):  
Muanas Muanas ◽  
Zahra Argadia Garini
Keyword(s):  
Financial Reporting ◽  
Accounting Standards ◽  
Financial Statements ◽  
International Accounting Standards ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Ifrs Adoption ◽  
Before And After ◽  
Other Comprehensive Income ◽  
High Level

As a member of G-20 Forum, Indonesia starts to adopts the International Financial Reporting Standard (IFRS) as a requirement to fulfill the demands and needs of financial statements users. The adoption of international accounting standards into national accounting standards aim to create financial statements that have high level of credibility and accountability. IFRS requests the requirement of high level of disclosure items so the value of companies will increase, management will have high level of accountability to run the company, that allows changes on the financial statements, for example that can change the length of financial statements. The purpose of this study is to know the effect of IFRS adoption on the length of financial statements, and to know the content of financial statements before and after IFRS adoption. This study was conducted by dividing financial statements into two sections, which are major statements and notes to the financial statements.  The financial statements used in this study are 2008 and 2013. The sample was selected by purposive sampling method and analyzed using parametric and non-parametric tests. Results of this study show that major statements and notes to the financial statements experienced an increase in length after adopting IFRS. Notes to financial statements experiencing the most significant increase in length after adopting IFRS. On the major statements, the increase is caused by other comprehensive income account. While on the notes to the financial statements, increase is caused by implementation of  PSAK 1 which requires the high level of disclosures. The increase mainly occured in accounting policy on the financial statements.

PENGARUH ADOPSI IFRS TERHADAP AUDIT DELAY PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

2014 ◽  
Vol 10 (1) ◽  
pp. 15
Author(s):  
Tegangatin Tegangatin ◽  
Christine Novita Dewi
Keyword(s):  
Regression Analysis ◽  
Empirical Evidence ◽  
Financial Reporting ◽  
Stock Exchange ◽  
Total Sample ◽  
Policy Options ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Financial Report ◽  
Ifrs Adoption

This paper provides empirical evidence to answer the concern of business professional due to The Indonesian Institute of Accountants (IAI) officially stated that Indonesia would fully adopt the International Financial Reporting Standard (IFRS) in 2012. The implementation of IFRS has its various complications to companies depending the type of industry and transaction, financial report element and accounting policy options and that would be influence in delaying audit report. Therefore, this research aims to empirically test the influence of IFRS adoption towards audit delay. The methodology of this research is using regression analysis. Population used in this research is manufacturing and financial companies that are listed in Jakarta Stock Exchange (JSX) in the period of 2009-2013. From the population, selected sample based on criteria, resulted 110 samples per year or total sample of 440 companies. Through Eview, no relation is found between IFRS adoption and audit delay. This suggests that both management and auditor have been prepared well in implementing IFRS. Keywords: Audit Delay, IFRS Adoption

scholarly journals Analysis of Affecting Factors on IFRS Adoption:Case Study in Iran

2017 ◽  
Vol 4 (1) ◽  
pp. 74 ◽  
Author(s):  
Mehrnaz Paknejad
Keyword(s):  
Financial Reporting ◽  
Stock Exchange ◽  
Pearson Correlation ◽  
Affecting Factors ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Statistical Population ◽  
Ifrs Adoption ◽  
Pearson Correlation Test ◽  
Descriptive Survey

IFRS adoption is mandatory for countries such as EU (Europe Union) listed countries while is voluntary for somecountries like Iran. But because the adoption benefits cannot be ignored, Thus, as the main objective of our paper, theeffect of some factors on the International Financial Reporting Standard (IFRS) adoption is been considered foranalysis Therefore, Statistical population of this research is financial business managers and experts of companylisted on the Tehran Stock Exchange. This research with regard to objective is practical and with regard to researchdesign is descriptive survey, regarding the level of variable measurement, Pearson correlation test was used for theanalysis of relationship between variables and regression analysis was used for analysis of type and form of relation.The results of analysis show that there is a meaningful relationship between of some affecting factors and IFRSadoption in Iran. 

scholarly journals The importance of the IFRS in India

2016 ◽  
Vol 12 (2) ◽  
pp. 46-53 ◽  
Author(s):  
Lious Ntoung Agbor Tabot ◽  
Ben C. Outman ◽  
Eva Masárova
Keyword(s):  
Stock Returns ◽  
Financial Reporting ◽  
Value Relevance ◽  
Accounting Information ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Listed Firms ◽  
Ifrs Adoption ◽  
Accounting Numbers ◽  
The Impact

In this article the authors study the impact of the mandatory International Financial Reporting Standard (IFRS) adoption has on the value relevance of accounting numbers based on a sample of 440 listed firms. The aim is to identify the effects of the mandatory IFRS adoption by relying on panel data gathered over the period 2002 to 2012 resulting in more than 4,840 firm-year observations. Two models of Panel regression (stock returns and price models) were employed. The main finding shows that the adoption of IFRS across the studied period results to some improvement in the value relevance of accounting information with the stock return model. With respect to the price models, our result shows that there was slight difference in the value relevance of accounting information after the mandatory IFR adoption across India listed firms.

scholarly journals THE IMPACT OF INTERNATIONAL FINANCIAL REPORTING STANDARD (IFRS) ADOPTION ON KEY FINANCIAL RATIOS IN NIGERIA

2020 ◽  
Vol 8 (4) ◽  
pp. 289-300
Author(s):  
Adedoyin Isola Lawal ◽  
Ezekiel Oseni ◽  
Abiola A. Babajide ◽  
Bukola Lawal-Adedoyin ◽  
Faith Bonetipin
Keyword(s):  
Financial Reporting ◽  
Unit Root Test ◽  
Financial Statements ◽  
Substantial Effect ◽  
Least Square ◽  
Financial Ratios ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Ifrs Adoption ◽  
The Impact

Purpose: This study examined the effects of the adoption of the International Financial Reporting Standard (IFRS) on the quality of financial statements of agro-allied firms in Nigeria. Methodology: Battery of unit root test techniques and co-integration tests were deployed to examine the existence of long-run impact of relevance and reliability of financial reporting as provoked by IFRS adoption. The study made use of Panel Fully Modified Least Square techniques to examine the nature of the relationship between the Pre-IFRS and Post-IFRS adoption periods. Main Findings: The study noted that IFRS adoption has a substantial effect on the reliability and relevance of financial statements. Implications: The findings of this study help in shedding light on the impact of the IFRS on financial statements' reliability and relevance of listed agro-allied firms in Nigeria. Novelty: This study offers a unique understanding of the impact of IFRS adoption on financial ratios in Nigeria.

scholarly journals International Financial Reporting Standard (IFRS) Adoption and Foreign Direct Investments (FDI): A Comparative Analysis of Nigeria and Ghana

2019 ◽  
pp. 1-10
Author(s):  
A. T. Ajibade ◽  
W. Okere ◽  
M. A. Isiaka ◽  
O. Mabinuori
Keyword(s):  
Financial Reporting ◽  
Least Square ◽  
Foreign Direct Investments ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Fdi Inflows ◽  
Ordinary Least Square ◽  
Ifrs Adoption ◽  
The Relationship ◽  
Beneficial Outcome

This study examined the relationship between IFRS adoption and FDI in Nigeria and Ghana. Using ordinary least square as well as other diagnostic test, findings show a negative but insignificant relationship between IFRS adoption and FDI in Nigeria. Also, it was discovered that IFRS adoption has a positive and significant relationship in Ghana. Findings also show that IFRS adoption alone would not lead to FDI inflows and FDI is affected by other factors such as exchange rate, inflation and political instability. The study recommends that Effective execution of IFRS requires strategic planning and IFRS ought to be linked to an objective for it to have a beneficial outcome.

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