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.
ABSTRACT
This study focused on assessment of the practices of resource management in business organizations in Port Har...
THE IMPACT OF CUSTOMER EXPERIENCE MANAGEMENT ON BUSINESS SUCCESS
This study aimed to examine the impact of customer experience management...
Background to the Study
Ozo title-taking is an interesting cultural practice in Igbo-land. This title-taking was the br...
ABSTRACT: This study examines the impact of international collaborations on vocational education, focusing on how partnerships with foreign in...
Abstract
The necessity to source clean energy and contain CO2 emissions has brought about a global interest in the use of biomass as an e...
ABSTRACT
The main objective of this research was to assess the relationship between motivation...
ABSTRACT
The research project studies the analysis of pear and its oil. The mesocarp from edible African pear “DacryodesEdulis&rdqu...
ABSTRACT
This study was carried out to examine the military and nigeria politics: an assessment of the domination of the...
Abstract
Property management is a vital aspect of real estate profession. To a non-professional estate...
Abstract
This research work examined the effect of SME financing and economic growth in Nigeria. The research was d...