A CRITICAL ASSESSMENT OF FINANCIAL REPORTING STANDARDS CONVERGENCE AND ITS IMPLICATIONS
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT:
This study critically assesses the convergence of financial reporting standards and its implications in Lagos State, Nigeria. The objectives are to: (1) evaluate the benefits of standard convergence, (2) assess the challenges faced during the convergence process, and (3) analyze the impact on financial statement comparability. A survey design was adopted to gather data from accountants and financial regulators. The sample size, determined using Taro Yamane's formula, ensures statistical validity. Deloitte Nigeria was chosen as the case study due to its involvement in financial reporting standardization efforts. The reliability coefficient score of the survey was 0.86. Findings reveal that the convergence of financial reporting standards enhances the comparability of financial statements but poses significant implementation challenges. It is recommended that regulatory bodies and companies in Lagos State collaborate to address these challenges and achieve the full benefits of standard convergence.
Related Project Materials
THE EFFECT OF COST REDUCTION TECHNIQUES AND PRODUCTIVITY IN MANUFACTURING FIRM
Abstract
This work was carried out to appraise the Cost Reduction Techniques and Productivity in a Manu...
THE EFFECTIVENESS OF ONLINE PORTFOLIOS IN SHOWCASING VOCATIONAL SKILLS
Abstract: The effectiveness of online portfolios in showcasing vocational skills is essenti...
LEGAL AND INSTITUTIONAL FRAMEWORK REGULATING PUBLIC OFFERING OF SECURITIES IN THE NIGERIAN CAPITAL MARKET
ABSTRACT
A nation’s financial system is made up of the Money Market, Capital Market and the Insurance Market. While Central Bank of...
EFFECT OF INQUIRY TEACHING METHOD ON STUDENTS’ ACHIEVEMENT
ABSTRACT
This study was carried out to examine effect of inquiry teaching method on students’ ach...
ASSESSING THE ROLE OF EARLY CHILDHOOD EDUCATION IN PROMOTING ETHICAL CONSUMERISM
ABSTRACT: Assessing the role of early childhood education in promoting eth...
INFLUENCE OF CORPORATE SOCIAL RESPONSIBILITY PROGRAMMES OF MULTINATIONAL OIL CORPORATIONS ON HOST COMMUNITIES IN SOUTH-SOUTH, NIGERIA
ABSTRACT
The concept of Corporate Social Responsibility (CSR) embraces the notion that Multinational Oil Corporations (MNCs) have moral a...
THE ROLE OF ADAPTIVE TECHNOLOGIES IN SUPPORTING VOCATIONAL LEARNERS
ABSTRACT: This study investigates the role of adaptive technologies in supporting vocational learners, focusing on their effectiveness in acco...
DESIGN AND IMPLEMENTATION ONLINE SMS EXAMINATION TIMETABLE ALERT SYSTEM
ABSTRACT
This project designs and implements an algorithm which creates a semester course timetable by assigning time-sl...
INFLUENCE OF SUPERVISION ON TEACHERS EFFECTIVENESS AMONG PRIVATE SCHOOLS
ABSTRACT
The focus of this research was to look at the relationship between supervision and teachers effectiveness in so...
DESIGN, FABRICATION AND EVALUATION OF A BENISEED (Sesamum indicum L.) OIL EXPELLER
ABSRACT
Some physical and mechanical properties of two Nigerian beniseed accessions (Yandev-55 and E8) were determined at 5 moisture cont...
