XBRL (EXTENSIBLE BUSINESS REPORTING LANGUAGE) ADOPTION AND FINANCIAL REPORTING EFFICIENCY
- 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 examines the adoption of XBRL (eXtensible Business Reporting Language) and its impact on financial reporting efficiency in Lagos State, Nigeria. The objectives are to: (1) evaluate the benefits of XBRL adoption for financial reporting, (2) assess the challenges faced during implementation, and (3) analyze the impact on report accuracy and timeliness. A survey design was employed to collect data from financial managers and IT professionals. The sample size, derived using Taro Yamane's formula, ensures statistical significance. First Bank of Nigeria was selected as the case study due to its early adoption of XBRL. The reliability coefficient score of the survey was 0.89. Findings indicate that XBRL adoption significantly improves the efficiency, accuracy, and timeliness of financial reporting, though challenges remain in implementation. It is recommended that companies in Lagos State invest in XBRL technology and training to enhance their financial reporting processes.
Related Project Materials
ASSESSMENT OF ONLINE MARKETING AND ITS INFLUENCE ON REAL ESTATE BUSINESS
Background of the study
Over the past ten years, there has been a spectacular increase in the usage of...
AN APPRAISAL OF THE DOCTRINE AND PRACTICE OF SELF-DEFENCE IN INTERNATIONAL LAW
ABSTRACT
This study employs the doctrinal method of research to appraise the doctrine of Self defence as one of the fundamental principle...
AN ASSESSMENT OF REVENUE RECOGNITION CHALLENGES AND SOLUTIONS IN PUBLIC ACCOUNTING
AN ASSESSMENT OF REVENUE RECOGNITION CHALLENGES AND SOLUTIONS IN PUBLIC ACCOUNTING
This study aims to: 1) Identify the primary challenges...
THE IMPACT OF GLOBALIZATION ON INDUSTRIAL GROWTH OF NIGERIA (1985-2011)
INTRODUCTION
Globalization remains one of the most contr...
THE EFFECT OF PACKAGING ON CONSUMER BUYING DECISION
Statement Of Research Problem
Packaging is a very important element in marketing the product especially...
INVESTMENT ON HUMAN CAPITAL AND ITS IMPACT ON NIGERIAN ECONOMIC GROWTH
Abstract
This research work studied investment on human capital and its impact on Nigeria economic grow...
EMPIRICAL INVESTIGATION INTO THE CAUSES AND PREVENTION OF COVID-19 AMONG ALVAN IKOKU FEDERAL COLLEGE OF EDUCATION, OWERRI
ABSTRACT
This study was carried out to empirically investigate into the causes and prevention of Covid-...
EFFECT OF MATERNAL LITERACY ON NUTRITIONAL STATUS 0-5 YEARS
Background of the study
The prevalence of chronic malnutrition among under-five children remains persis...
FINANCE OPTIONS AND CHALLENGES OF ENTREPRENEURIAL FIRMS (A CASE STUDY FASHION BOUTIQUES)
ABSTRACT
Entrepreneurship is an increasing daily activity in the economy. It is geared towards self-employment, communit...
THE IMPACT OF ADMINISTRATIVE SKILLS ON ORGANIZATIONAL EFFICIENCY
THE IMPACT OF ADMINISTRATIVE SKILLS ON ORGANIZATIONAL EFFICIENCY
Abstract: The objecti...
