A COMPARATIVE STUDY OF IFRS AND GAAP IN THE FINANCIAL REPORTING OF MULTINATIONAL COMPANIES
- 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 COMPARATIVE STUDY OF IFRS AND GAAP aims to understand the differences between these accounting standards, evaluate their impact on financial reporting, and assess the challenges of transitioning between them. A survey design is employed to collect data from accounting professionals experienced with both standards. Using Taro Yamane's formula, a sample size of 310 respondents was determined to ensure statistical significance and reliability. The research is conducted in Lagos, where multinational companies often navigate both IFRS and GAAP. The reliability coefficient score of the survey instrument was 0.87, indicating strong reliability. Findings reveal significant differences in recognition, measurement, and disclosure requirements between IFRS and GAAP, impacting comparability and transparency of financial statements. The study also highlights the challenges of transitioning from one standard to another, including training costs, system changes, and regulatory compliance. Recommendations include providing comprehensive training for accountants, developing clear transition guidelines, and enhancing collaboration between standard-setting bodies to address these challenges and facilitate smoother transitions.
Related Project Materials
STRATEGIES FOR PROMOTING GENDER EQUITY IN TECHNICAL EDUCATION
Abstract: This research explores strategies for promoting gender equity in technical educat...
AN APPRAISAL OF CONTRIBUTORY PENSION SCHEME AND RETIREES’ WELFARE IN NIGERIA
ABSTRACT
This study was undertaken to appraise the contributory pension scheme and retirees. The study opened with chapt...
EFFECT OF EARLY MARRIAGE ON THE SOCIO-ECONOMIC AND EDUCATIONAL DEVELOPMENT OF A GIRL-CHILD IN NIGERIA
BACKGROUND OF THE STUDY
Marriage is the oldest institution in the world it was instituted by God Himsel...
EFFECTS OF OVERPOPULATION ON THE ACADEMIC PERFORMANCE OF STUDENTS IN GOVERNMENT SECONDARY SCHOOLS
Abstract
The study aimed at establishing the effects of overpopulation on the academic performance of government seconda...
A HISTORICAL SURVEY OF CHRISTIANITY AND EKWULOBIA CULTURE, 1913-2013
Background to the Study
Ekwulobia is one of the towns that benefitted from the coming of the European missionaries and t...
THE INFLUENCE OF MONETARY POLICY ON NIGERIA'S ECONOMIC GROWTH
Background to the Study
Macroeconomic policy consists of the actions aimed at inducing appropriate changes in macr...
THE EFFECTS OF EARLY CHILDHOOD EDUCATION ON FAMILY FINANCIAL PLANNING
ABSTRACT: The effects of early childhood education on family financi...
A COMPARATIVE SURVEY ON THE PERFORMANCE OF GOVERNMENT-OWNED AND PRIVATE-OWNED BROADCASTING MEDIA FIRMS IN NIGERIA
BACKGROUND OF
ABSTRACT This study, „Perceptions of Stakeholders on Prevailing Organizational Climates in Colleges of Education in North-West Zone...
Abstract: THE ROLE OF FORENSIC ACCOUNTANTS IN FORENSIC TECHNOLOGY This study investigates the role of forensic accountan...
PERCEPTIONS OF STAKEHOLDERS ON PREVAILING ORGANIZATIONAL CLIMATES IN COLLEGES OF EDUCATION IN NORTH-WEST ZONE OF NIGERIA
THE ROLE OF FORENSIC ACCOUNTANTS IN FORENSIC TECHNOLOGY
