Research Paper | Management | Nigeria | Volume 3 Issue 11, November 2014
Impact of Adoption of IFRS in Nigeria Capital Market, Preparers of Financial Statements and Auditors
Paul N. Onulaka
The IFRS adoption is already an issue of global relevance among various countries of the world due to the quest for uniformity, reliability and comparability of financial statements of companies. With the transformation of our world into a global village, the magical phenomenon of globalization has led to the emergence of a global village that we all live in now. Since accounting is the language of business, it is imperative that business around the world can no longer afford to be speaking in different language with each other while sharing and exchanging results of their international business activities. This paper offers an insight on the impact of adoption of IFRS in Nigeria capital market. It also investigates the challenges facing the preparers and auditors of IFRS based financial statements in Nigeria. Using structured questionnaire for primary data collection and analyses of variance (ANOVA) to analyze the data, the study revealed an increase in the volume of trading in the capital market and also the training gap on the part of preparers and auditors of IFRS based financial statement.
Keywords: IFRS, Adoption, Impact, Capital market, Nigeria, , Financial Statement
Edition: Volume 3 Issue 11, November 2014
Pages: 149 - 158
How to Cite this Article?
Paul N. Onulaka, "Impact of Adoption of IFRS in Nigeria Capital Market, Preparers of Financial Statements and Auditors", International Journal of Science and Research (IJSR), https://www.ijsr.net/search_index_results_paperid.php?id=23101403, Volume 3 Issue 11, November 2014, 149 - 158
72 PDF Views | 50 PDF Downloads
Similar Articles with Keyword 'Adoption'
Case Studies, Management, Brazil, Volume 7 Issue 10, October 2018
Pages: 598 - 603Credit Cooperatives in Brazil
Dr. Murillo de Oliveira Dias, Murilo Ramos Alambert Rodrigues
Review Papers, Management, India, Volume 9 Issue 2, February 2020
Pages: 1630 - 1635A Study on Effectiveness of HR Metrics
Dr. R. Jayanthi
Research Paper, Management, Morocco, Volume 3 Issue 9, September 2014
Pages: 2446 - 2449Role of Marketing Information Systems in Supporting Decisions of Business Managers: Verification Test on the Case of Agribusiness in Agadir City, Morocco
M'barka BOUHOUILI; Ali RACHIDI; Mostapha AMRI
Research Paper, Management, Iraq, Volume 6 Issue 5, May 2017
Pages: 971 - 977The Evaluating of Management by Values through Diffusion of Innovations Theory
Reyam Al Dafa'ai; Ya'arub Al Sa'aidi
Research Paper, Management, Namibia, Volume 9 Issue 5, May 2020
Pages: 883 - 891Determinants of Student Satisfaction in Namibia: A Viewpoint of Public Higher Education
Stewart Kaupa PhD, Eric Mang'unyi PhD
Similar Articles with Keyword 'Impact'
Research Paper, Management, Mexico, Volume 4 Issue 11, November 2015
Pages: 635 - 644Empirical Study of the Top Management, their Skills and Abilities Case: Firms in Cuernavaca, Morelos. Mexico
Augusto Renato Perez Mayo PhD, Jose Alberto Hernandez Aguilar PhD, Luz Stella Vallejo Trujillo PhD
Dissertation Chapters, Management, India, Volume 4 Issue 10, October 2015
Pages: 141 - 156Employee Absenteesim in Indian Industries
Dr. S. Rabiyathul Basariya
Research Paper, Management, Sierra Leone, Volume 9 Issue 3, March 2020
Pages: 107 - 111Understanding the Concept of Project Termination in the Management of Projects
Crispin George
Case Studies, Management, India, Volume 3 Issue 12, December 2014
Pages: 1950 - 1953A Case Study of Efficiency Analysis on Power Grid Corporation of India Ltd
Dr. Surbhi Gupta, Mohit Gupta
Research Paper, Management, India, Volume 8 Issue 2, February 2019
Pages: 1116 - 1120Emerging Needs and Importance of Green Supply Chain Management - A Case Study
Raj Kumar Malik, Dr. Gyanesh Kumar Sinha
Similar Articles with Keyword 'Capital market'
Research Paper, Management, Nigeria, Volume 3 Issue 11, November 2014
Pages: 149 - 158Impact of Adoption of IFRS in Nigeria Capital Market, Preparers of Financial Statements and Auditors
Paul N. Onulaka
Research Paper, Management, Kenya, Volume 5 Issue 9, September 2016
Pages: 623 - 633Determinants of Earnings Management Practice among Non-Listed Firms in the Motor Industry in Kenya
Joshua K.M. Maima, Dr. Agnes Njeru
Research Paper, Management, Indonesia, Volume 8 Issue 8, August 2019
Pages: 1095 - 1097Comparative Review of Mutual Funds in Indonesia and in United States
Mohammad Benny Alexandri
Research Paper, Management, India, Volume 4 Issue 9, September 2015
Pages: 272 - 275Equity Research: Fundamental and Technical Analysis
Dr. Sreemoyee Guha Roy
Research Paper, Management, Indonesia, Volume 9 Issue 1, January 2020
Pages: 1013 - 1020Impact of 2014 and 2019 Indonesian Presidential Elections on ETFs Abnormal Returns and Abnormal Volumes
Westra Dwipa Adiluhung, Noer Azam Achsani, Bayu Bandono
Similar Articles with Keyword 'Nigeria'
Research Paper, Management, Nigeria, Volume 8 Issue 1, January 2019
Pages: 1732 - 1740Market-Related Activities of the Value Chain and Manufacturing Firms' Performance in Selected States of Northern Nigeria
Umar, Adeiza Muazu
Research Paper, Management, Nigeria, Volume 5 Issue 3, March 2016
Pages: 1378 - 1381Generic Determinant of Entrepreneurial Potentials among Vocational Technical Teacher Education Students in North Eastern States, Nigeria
M. U Cyril
Research Paper, Management, Nigeria, Volume 3 Issue 11, November 2014
Pages: 149 - 158Impact of Adoption of IFRS in Nigeria Capital Market, Preparers of Financial Statements and Auditors
Paul N. Onulaka
Research Paper, Management, Nigeria, Volume 3 Issue 3, March 2014
Pages: 548 - 553Impact of Environmental Sustainability Reporting on Community-Business Relations: A Study of Selected Oil Rich Communities in South - South Nigeria
Nnachi, Robert A., Uguru, Leonard C.
Research Paper, Management, Nigeria, Volume 8 Issue 10, October 2019
Pages: 1336 - 1353Effect of Liner Shipping on Container Terminal Performance of Apapa and Onne Ports in Nigeria
Dr. LLOYD Chidi Julius, ODIEGWU Chinwendu Laurentia