Select Currency
Translate this page

IMPEDIMENTS IN ADOPTING INTERNATIONAL FINANCIAL REPORTING STANDARD IN NIGERIA

Format: MS WORD  |  Chapter: 1-5  |  Pages: 68  |  2162 Users found this project useful  |  Price NGN5,000

  DOWNLOAD THE FULL PROJECT

IMPEDIMENTS IN ADOPTING INTERNATIONAL FINANCIAL REPORTING STANDARD IN NIGERIA

 

CHAPTER ONE

INTRODUCTION

1.1    BACKGROUND TO THE STUDY

Couple of years back, what is now known as International Financial Reporting Standard (IFRS) witnessed worldwide spread debate. However, today scholars and researchers are devoting significant time and interest on the subject matter, this can be traced to the demands of globalization. According to Erahan and Beken (2008), opined that the globalization of capital market requires a single global accounting reporting and disclosure of set of standards. Today, the need for a unified standards is increasing in high demand by most economics in the world, arising from wide spread clamour by most entities for oversea capital, business combination including mergers and acquisition resulting to growing number of foreign direct investment among others. Although some commentators have said that adoption of IFRS will allow for International Comparison of Financial Statement, that may lead to reduction in the cost of capital, increased trade, increase access to foreign finance, as well as increased level of cross border merger and acquisition resulting to growing number of foreign direct investment among others.

Although some commentators have said that adoption of IFRS will allow for international comparison of financial statement, that may lead to reduction in the cost of capital, increased trade, increase access to foreign finance, as well as increased level of cross border merger and acquisition activities among others (Houston and Reinstein, 2001). However, some impediment are perceived to accompany adoption of IFRS as Melancon, and Eliot (2001) noted that notwithstanding the high quality of International Financial Reporting Standard (IFRS), there are so many impediments that may hind the adoption of IFRS in Nigeria, such as complicated nature of particular standards IFRS (including financial instruments) and susceptible to varied interpretations. This has tendencies of different countries applying International Financial Reporting Standard (IFRS) differently for similar transactions. Currently, over one hundred countries have adopted International Financial Reporting Standard (IFRS) and it is noted that by 2011 most countries of the world will either require or at least permit (IFRS) (ICAN Seminar, 2009). In light of the foregoing, this study is designed to assess the impediments or difficulties associated with International Financial Reporting with International Financial Reporting Standard (IFRS) adoption in Nigeria.

1.2  STATEMENT OF RESEARCH PROBLEM

There are impediments or problems involved in adopting International Financial Reporting Standards (IFRS).

1.3  OBJECTIVE OF THE STUDY

To find out the impediments in adopting (IFRS) International Financial Reporting Standards in Nigeria.

1.4   RESEARCH QUESTION

What are the impediments in adopting IFRS in Nigeria?

1.5   HYPOTHESIS

There are problems/impediments in the adoption of International Financial Reporting Standards (IFRS) in Nigeria.

1.6   SIGNIFICANCE OF THE STUDY

The research work predominantly concerned with analyzing the impediments or problems involved in adopting IFRS in Nigeria and to proffer a lasting solution to these impediments.

1.7   SCOPE OF STUDY

The scope of the study was limited to the two (2) federal ministries i.e. Federal Pay Office, Benin and Office of the Auditor-General for the Federation, Benin City because of the time limit and convenience.

1.8   LIMITATION OF STUDY

Some of the limitations to the study were;

Most respondents are not knowledgeable in IFRS

Improper filling of the questionnaire

Recovery of some of the questionnaire

Smallness of the sample size

Low response rate

1.9   OPERATIONAL DEFINITION OF TERMS

IFRS: Means International Financial Reporting Standards.

Globalization of capital market: It means Market where organizations or corporate(s) obtained loan facilities at reduced cost and with ease.

  DOWNLOAD THE FULL PROJECT

IMPEDIMENTS IN ADOPTING INTERNATIONAL FINANCIAL REPORTING STANDARD IN NIGERIA

Not The Topic You Are Looking For?



For Quick Help Chat with Us Now!

+234 813 292 6373

+233 55 397 8005


HOW TO GET THE COMPLETE PROJECT ON IMPEDIMENTS IN ADOPTING INTERNATIONAL FINANCIAL REPORTING STANDARD IN NIGERIA INSTANTLY

  • Click on the Download Button above.
  • Select any option to get the complete project immediately.
  • Chat with Our Instant Help Desk on +234 813 292 6373 for further assistance.
  • All projects on our website are well researched by professionals with high level of professionalism.

Here's what our amazing customers are saying

Stancy M
Abia State University, Uturu
I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much iprojectmaster, infact, I owe my graduating well today to you guys...
Excellent
Peace From Unilag
I cried not knowing how to go about my project but the day i searched online and saw iprojectmaster, i called and got my full project in less than 15minutes, i was shocked!
Excellent
Uduak From Uniuyo
IProjectMaster is the best project site for students. Their works are unique and free of plagiarism!
Excellent
Merry From BSU
I am now a graduate because of iprojectmaster.com, God Bless you guys for me.
Excellent
Joseph M. Yohanna
Thanks a lot, am really grateful and will surely tell my friends about your website.
Excellent
Samuel From Ajayi Crowther University
You guys just made life easier for students. Thanks alot iprojectmaster.com
Excellent
Azeez Abiodun
Moshood Abiola polytechnic
I actually googled and saw about iproject master, copied the number and contacted them through WhatsApp to ask for the availability of the material and to my luck they have it. So there was a delay with the project due to the covid19 pandemic. I was really scared before making the payment cause I’ve been scammed twice, they attended so well to me and that made me trust the process and made the payment and provided them with proof, I got my material in less than 10minutes
Very Good
Abdulrazak Bello Marsha
Usman Dan fodio University
It was quite a better guide for project and paper presentation purpoting. Many thanks.
Average
Dau Mohammed Kabiru
Kaduna State College of Education Gidan Waya
This is my first time..Your service is superb. But because I was pressed for time, I became jittery when I did not receive feedbackd. I will do more business with you and I will recommend you to my friends. Thank you.
Very Good
Gbadamosi Solomon Oluwabunmi
Lasu
Swift delivery within 9 minutes of payment. Thank you project master
Excellent

FREQUENTLY ASKED QUESTIONS

How do I get this complete project on IMPEDIMENTS IN ADOPTING INTERNATIONAL FINANCIAL REPORTING STANDARD IN NIGERIA?

Simply click on the Download button above and follow the procedure stated.

I have a fresh topic that is not on your website. How do I go about it?

How fast can I get this complete project on IMPEDIMENTS IN ADOPTING INTERNATIONAL FINANCIAL REPORTING STANDARD IN NIGERIA?

Within 15 minutes if you want this exact project topic without adjustment

Is it a complete research project or just materials?

It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data

What if I want to change the case study for IMPEDIMENTS IN ADOPTING INTERNATIONAL FINANCIAL REPORTING STANDARD IN NIGERIA, What do i do?

Chat with Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

How will I get my complete project?

Your Complete Project Material will be sent to your Email Address in Ms Word document format

Can I get my Complete Project through WhatsApp?

Yes! We can send your Complete Research Project to your WhatsApp Number

What if my Project Supervisor made some changes to a topic i picked from your website?

Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

What if i do not have any project topic idea at all?

Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 813 292 6373

How can i trust this site?

We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!