0704-883-0675     |      dataprojectng@gmail.com

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

A CRITIQUE OF THE POWERS OF ATTORNEY GENERAL IN THE ADMINISTRATION OF CRIMINAL JUSTICE IN NIGERIA

ABSTRACTS

In the system of Administration of Justice in Nigeria, Attorney General occupies a very prominent position. As the Chief Law Of...

Read more
ONLINE HOSPITAL LOCATION SYSTEM USING GOOGLE MAPS

AIM AND OBJECTIVE OF THE STUDY

The main aim of the research is to provide an onli...

Read more
Expression of Temporality in the English Language- A Functional Approach

Background to the Study

The English language has become an international medium of communication among people on earth. The mastery of go...

Read more
STRATEGIES FOR IMPROVING RETENTION RATES IN TECHNICAL EDUCATION PROGRAMS

Abstract: This research addresses strategies for improving retention rates in technical edu...

Read more
THE EFFECT OF ACCOUNTING FOR CROSS-BORDER COMPLIANCE AND REGULATORY REQUIREMENTS

ABSTRACT

This study investigates THE EFFECT OF ACCOUNTING FOR CROSS-BORDER COMPLIANCE AND REGULATORY REQUIREMENTS, focusing on understand...

Read more
IN VIVO EFFICACY OF METHANOLIC EXTRACTS OF ROOT AND LEAF OF Morinda lucida IN Plasmodium berghei - INFECTED MICE

ABSTRACT

Therapeutic effects of the methanolic root extract and a combination of leaf and root extracts of Morinda lucida were evaluated...

Read more
OFFICE SKILL COMPETENCES NEEDED BY SECRETARIES FOR EFFECTIVE JOB PERFORMANCE

ABSTRACT

Human relations within an organization cease only on employee. This study was therefore conducted to find out t...

Read more
INVESTIGATING THE ROLE OF EARLY CHILDHOOD EDUCATION IN BUILDING ETHICAL BEHAVIOR

ABSTRACT: This study Investigated the Role of Early Childhood Education in Building Ethical...

Read more
A REVIEW ON THE ROLE OF GOVERNMENT IN POVERTY ALLEVIATION IN NIGERIA

Background to the Study

Every government has as one of its main goals enhancing the wellbeing of its people. The fundam...

Read more
THE IMPACT OF MICROFINANCE CREDIT ON AGRICULTURAL PRODUCTIVITY IN NIGERIA

EXCERPT FROM THE STUDY

Theory Risk and uncertainty concepts in agriculture are subjects internationally discussed by the...

Read more
Share this page with your friends




whatsapp