Complete final year project topics and materials for Adoption of IFRS in Nigeria implementation and challenges among money deposit banks
ABSTRACT
PASS 2024 UTME WITHOUT STRESS:- 👉 DOWNLOAD and PRACTICE with 2023 UTME CBT APP 📱👈
CLICK to DOWNLOAD NOW.:- 👉 PASS Your POST UTME by Downloading Your School's Post UTME Past Questions and Answers 📱👈
Historically, there is diversity in financial reporting in different countries due to culture, legal systems, tax systems and business structures. International Financial Reporting Standards (IFRS) harmonizes this diversity by making financial statements more comparable. This study examine the adoption of IFRS in Nigeria in relation to its implementation and challenges among the Nigerian money deposit banks.
It specifically evaluate whether the first time implementation of IFRS is costly and expensive, it also examine the extent of stakeholders’ awareness of this standard and the influence of existing Nigeria laws on the smooth transition to IFRS.New Institutional Theory is the theoretical framework on which this study was based.
Investment Management As It Affects Public Enterprises In Nigeria
An Investigation Into Effect Of Bad Debt On Profitability Of Banks
Eighty five (85) responses were obtained through questionnaires and analyzed using the simple percentages and Z-test statistical method to test its implementation challenges in Nigerian banking industry. The study reveals thatthe first time Implementation of IFRS is very expensive and costly, there is a low level of public awareness on the use of IFRS and the existing Nigerian laws does not have much influence on the smooth transition to IFRS.
Consequently,recommendations were made that adequate resources should be put in place to support the sustainable implementation of IFRS by government, IFRS awareness programmes should be organized across the country to sensitize and orientate stakeholders on this issue and existing Nigerian laws should further be amended to enhance smooth transition to IFRS in Nigeria.
TABLE OF CONTENT
Title page
Certification
Dedication
Acknowledgement
Abstract
CHAPTER ONE
INTRODUCTION
1.1 Background of the study
1.2 Statement of the problems
1.3 Objectives of the study
1.4 Research Questions
1.5 Research Hypotheses
1.6 The scope of the study
1.7 Justification for the study
1.8 Outline of the study
1.9 Definition of term
CHAPTER TWO
LITERATURE REVIEW
2.1 Introduction
2.2 Conceptual Framework
2.3 Theoretical Background
2.4 Empirical Review
2.5 Summary
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Introduction
3.2 Research Design
3.3 Population and Sampling Techniques
3.4 Method of Data Collection
3.5 Method of data Analysis
3.6 Decision Rule
CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS
4.1 Introduction
4.2 Presentation and Analysis
4.3 testing of hypotheses
4.4 Discussion of results
CHAPTER FIVE
SUMMARY, CONCLUSION,AND RECOMMENDATIONS
5.1Introduction
5.2 Summary of Findings
5.3 Conclusion
5.4 Recommendations
5.5 Limitations of the Study
5.6 Suggested Areas for Further Research
References
Appendix
ABSTRACT
Historically, there is diversity in financial reporting in different countries due to culture, legal systems, tax systems and business structures. International Financial Reporting Standards (IFRS) harmonizes this diversity by making financial statements more comparable. This study examine the adoption of IFRS in Nigeria in relation to its implementation and challenges among the Nigerian money deposit banks.
It specifically evaluate whether the first time implementation of IFRS is costly and expensive, it also examine the extent of stakeholders’ awareness of this standard and the influence of existing Nigeria laws on the smooth transition to IFRS.New Institutional Theory is the theoretical framework on which this study was based.
Eighty five (85) responses were obtained through questionnaires and analyzed using the simple percentages and Z-test statistical method to test its implementation challenges in Nigerian banking industry. The study reveals thatthe first time Implementation of IFRS is very expensive and costly, there is a low level of public awareness on the use of IFRS and the existing Nigerian laws does not have much influence on the smooth transition to IFRS.
Consequently,recommendations were made that adequate resources should be put in place to support the sustainable implementation of IFRS by government, IFRS awareness programmes should be organized across the country to sensitize and orientate stakeholders on this issue and existing Nigerian laws should further be amended to enhance smooth transition to IFRS in Nigeria.
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUD OF THE STUDY
In the past few years, many developed and developing countries have adopted international financial Reporting Standards (IFRS) as the basis for financial reporting. This is because globalization of capital market is an irreversible process, and there are many potential benefits to be gained from mutually recognized and prospected international accounting standards. The move towards developing an acceptable global high quality financial reporting standard started in 1973 when the International Accounting standards committee (IASC) was formed by professional Accounting bodies from Canada, USA, United Kingdom, Germany, France, Neitherland, Australia, Mexico and Japan.
The IASC was to formulate uniform and global accountings aimed at reducing the discrepancies in International Accounting principles and reporting practices. In this light, the IASC was established and has actively been championing the uniformity and standardization of accounting principles for the past few years. In April 2001, the IASC was reorganized into International Accounting standard Board (IASB). Thenceforth, the IASB has updated the already existing International Accounting Standards and referred to them as International Financial Reporting standards (IFRS). IFRSs are single set of high quality understandable standard for general purpose of financial reporting which are principles based in contrast to the rules based approach.
SEE >> HOW TO DOWNLOAD THE COMPLETE PROJECT (CHAPTER 1-5) NOW
BSTRACT
Historically, there is diversity in financial reporting in different countries due to culture, legal systems, tax systems and business structures. International Financial Reporting Standards (IFRS) harmonizes this diversity by making financial statements more comparable. This study examine the adoption of IFRS in Nigeria in relation to its implementation and challenges among the Nigerian money deposit banks.
It specifically evaluate whether the first time implementation of IFRS is costly and expensive, it also examine the extent of stakeholders’ awareness of this standard and the influence of existing Nigeria laws on the smooth transition to IFRS.New Institutional Theory is the theoretical framework on which this study was based.
Eighty five (85) responses were obtained through questionnaires and analyzed using the simple percentages and Z-test statistical method to test its implementation challenges in Nigerian banking industry. The study reveals thatthe first time Implementation of IFRS is very expensive and costly, there is a low level of public awareness on the use of IFRS and the existing Nigerian laws does not have much influence on the smooth transition to IFRS.
Consequently,recommendations were made that adequate resources should be put in place to support the sustainable implementation of IFRS by government, IFRS awareness programmes should be organized across the country to sensitize and orientate stakeholders on this issue and existing Nigerian laws should further be amended to enhance smooth transition to IFRS in Nigeria.
TABLE OF CONTENT
Title page
Certification
Dedication
Acknowledgement
Abstract
CHAPTER ONE
INTRODUCTION
1.1 Background of the study
1.2 Statement of the problems
1.3 Objectives of the study
1.4 Research Questions
1.5 Research Hypotheses
1.6 The scope of the study
1.7 Justification for the study
1.8 Outline of the study
1.9 Definition of term
CHAPTER TWO
LITERATURE REVIEW
2.1 Introduction
2.2 Conceptual Framework
2.3 Theoretical Background
2.4 Empirical Review
2.5 Summary
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Introduction
3.2 Research Design
3.3 Population and Sampling Techniques
3.4 Method of Data Collection
3.5 Method of data Analysis
3.6 Decision Rule
CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS
4.1 Introduction
4.2 Presentation and Analysis
4.3 testing of hypotheses
4.4 Discussion of results
CHAPTER FIVE
SUMMARY, CONCLUSION,AND RECOMMENDATIONS
5.1Introduction
5.2 Summary of Findings
5.3 Conclusion
5.4 Recommendations
5.5 Limitations of the Study
5.6 Suggested Areas for Further Research
References
Appendix
ABSTRACT
Historically, there is diversity in financial reporting in different countries due to culture, legal systems, tax systems and business structures. International Financial Reporting Standards (IFRS) harmonizes this diversity by making financial statements more comparable. This study examine the adoption of IFRS in Nigeria in relation to its implementation and challenges among the Nigerian money deposit banks.
It specifically evaluate whether the first time implementation of IFRS is costly and expensive, it also examine the extent of stakeholders’ awareness of this standard and the influence of existing Nigeria laws on the smooth transition to IFRS.New Institutional Theory is the theoretical framework on which this study was based.
Eighty five (85) responses were obtained through questionnaires and analyzed using the simple percentages and Z-test statistical method to test its implementation challenges in Nigerian banking industry. The study reveals thatthe first time Implementation of IFRS is very expensive and costly, there is a low level of public awareness on the use of IFRS and the existing Nigerian laws does not have much influence on the smooth transition to IFRS.
Consequently,recommendations were made that adequate resources should be put in place to support the sustainable implementation of IFRS by government, IFRS awareness programmes should be organized across the country to sensitize and orientate stakeholders on this issue and existing Nigerian laws should further be amended to enhance smooth transition to IFRS in Nigeria.
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUD OF THE STUDY
In the past few years, many developed and developing countries have adopted international financial Reporting Standards (IFRS) as the basis for financial reporting. This is because globalization of capital market is an irreversible process, and there are many potential benefits to be gained from mutually recognized and prospected international accounting standards. The move towards developing an acceptable global high quality financial reporting standard started in 1973 when the International Accounting standards committee (IASC) was formed by professional Accounting bodies from Canada, USA, United Kingdom, Germany, France, Neitherland, Australia, Mexico and Japan.
The IASC was to formulate uniform and global accountings aimed at reducing the discrepancies in International Accounting principles and reporting practices. In this light, the IASC was established and has actively been championing the uniformity and standardization of accounting principles for the past few years. In April 2001, the IASC was reorganized into International Accounting standard Board (IASB). Thenceforth, the IASB has updated the already existing International Accounting Standards and referred to them as International Financial Reporting standards (IFRS). IFRSs are single set of high quality understandable standard for general purpose of financial reporting which are principles based in contrast to the rules based approach.
SEE >> HOW TO DOWNLOAD THE COMPLETE PROJECT (CHAPTER 1-5) NOW
WISH TO STUDY & LIVE in UK?:- STUDY, WORK AND LIVE IN the UK Application Form NOW OUT. Call 08030447894
