EXAMINATION ON THE EXTENT OF COMPLIANCE TO INTERNATIONAL FINANCIAL REPORTING STANDARD (A CASE STUDY OF WEMA BANK PLC)
- Project Research
- 1-5 Chapters
- Quantitative
- Chi-Square
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
This study seeks to investigate whether the International Financial Reporting Standards (IFRS) in Nigeria has been complied with in Nigerian Banks. It is phenomenon for every organization (including banks) to adopt (IFRS) as it ensures transparency, accounting quality and reduced cost of capital. Thus, the desire to examine the examination on the extent of compliance to International Financial Reporting Standard in WEMA Bank PLC. To achieve this objective, two research hypotheses were formulated to guide this study. A well structured questionnaire was used as the major instrument to gather data from the 50 staff and personnel WEMA Bank, Plc, Uyo and a sample size of 38 was randomly selected. The data collected from the respondents were analyzed using simple percentage and Chi-square statistical tool was employ for testing the hypotheses. The study concluded with some recommendations that steps should be taken to ensure a successful adoption and implementation of IFRS in Nigeria, Government and the regulators should ensure that there is availability of training facilities and materials for professional accountants on the concept of IFRS and issues relating to its implementation and conversion. Finally, top management, external auditors and regulators being the key players in standards, need to work together and tighten compliance so that impact of IFRS could be felt more.
Related Project Materials
EFFECTS OF SCAFFOLDING INSTRUCTIONAL STRATEGY ON ATTITUDE RETENTION AND PERFORMANCE IN ECOLOGY AMONG SENIOR SECONDARY SCHOOL STUDENTS
ABSTRACT
The study investigates the “Effects of Scaffolding Instructional Strategy on Attitude, Retention and Performance in Ecolog...
IMPACT OF AGRICULTURAL EXPORT ON PERFORMANCE OF NIGERIA ECONOMY
ABSTRACT
This study examined the impact of agricultural export on performance of Nigeria economy over a 41-year period f...
THE IMPACT OF INDUSTRY 4.0 ON VOCATIONAL TRAINING
Abstract: This study investigates the impact of Industry 4.0 on vocational training in Nige...
NOVEL NATURAL LANGUAGE PROCESSING MODELS FOR MEDICAL TERMS AND SYMPTOMS DETECTION IN TWITTER
ABSTRACT
This dissertation focuses on disambiguation of language use on Twitter about drug use, consumption types of drugs, drug le...
INFRASTRUCTURAL RENEWAL PROGRAMME: A REMEDY TO LAGOS MEGA CITY CHALLENGES
Abstract
This study is on infrastructural renewal programme: a remedy to Lagos mega city challenges. The total populatio...
EVALUATION OF MODIFIED STARCHES AND MUCILAGE DISPERSIONS OBTAINED FROM IPOMOEA BATATAS L. LAM (CONVOLVULACEAE) AS BULK EXCIPIENTS IN CHEWABLE TABLET FORMULATIONS
ABSTRACT
Increasing attention has been paid to incorporating hydrocolloids into starch-based products due to their unique functional prop...
THE PROBLEMS AND PROSPECTS OF SOCIAL MARKETING IN NIGERIA MANUFACTURING ORGANISATION
ABSTRACT
The aim of this research work is to appraise “problems and prospects of social mar...
VALUE ADDITION AS A BASIS FOR ENHANCING PRODUCTIVITY IN RICE PRODUCTION AND PROCESSING
Abstract
This study is on value addition as a basis for enhancing productivity in rice production and processing....
EXPLORING THE APPLICATION OF NUMBER THEORY IN CRYPTOGRAPHY
Background of the study
Cryptography has a long and intricate history that intertwines with the develop...
ASSESSING THE EFFECTIVENESS OF EARLY CHILDHOOD LITERACY PROGRAMS IN RURAL AREAS
ABSTRACT: This research assessed the effectiveness of early childhood lit...
