THE IMPACT OF INTERNATIONAL FINANCIAL STANDARDS (IFRS) ON THE QUALITY OF FINANCIAL STATEMENTS
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 5000
ABSTRACT
This study was carried out on the impact of international financial standards (IFRS) on the quality of financial statements using First Bank Plc as case study. To achieve this, five significant research objectives were formulated. The survey design was adopted and the simple random sampling techniques were employed in this study. The population size comprise of all the staff of selected First Bank Branch in Abuja. In determining the sample size, the researcher conveniently selected 67 respondents while 55 were received and 50 were validated. Self-constructed and validated questionnaire was used for data collection. The collected and validated questionnaires were analyzed using frequency tables and percentage. While the hypotheses were tested using Chi-square statistical tool. The result of the findings reveals that there are problems confronting the staff of First Bank of Nigeria Plc, Uyo in enhancing quality financial statement; IFRS does aid quality of financial statement in First Bank of Nigeria Plc; IFRS play any significant role in banking institutions in Nigeria; and there is a significance relationship between effective implementation and adoption of IFRS in First Bank of Nigeria Plc. In regard to the findings, the study recommends that In other to improve the comparability of banks' financial statements, the banks should try to improve on the presentation of trend analysis, to aid understanding ability of the users of financial statements. Stop making use of ambiguous words so that the financial statements can be easily understood, interpreted and user will be able to compare financial statement to determine the changes. And all information relating to the banks' financial statements should be properly and timely disclosed in the notes to the accounts, directors' reports and the chairman's report to reduce the complexity of the financial statements prepared.
Related Project Materials
An investigation of online banking interface design on user satisfaction in banking: a case study of Fortis Microfinance Bank
Background of the Study
Online banking interface design plays a critical role in shaping user satisfaction by influencing e...
Evaluating the Impact of Coordinated Fiscal Policies on Business Investment in Nigeria
Background of the Study
Coordinated fiscal policies are critical in establishing a stable and predictable economic environm...
The Impact of Leadership Styles on Nurses’ Job Performance in Minna General Hospital, Niger State
Background of the Study
Leadership is a crucial factor in the efficiency and effectiveness of healthcare delivery. In nursing, leadership...
Correlational Study of Attitude towards Physical Exercise, Active Ageing and Quality of Life: Implications for Geriatric Counseling
Abstract
This study investigated the frequency of physical exercise of young and middle aged Nigerian adults, their perceived relevance o...
An evaluation of translation challenges in rendering Hausa news content in Kano
Background of the study
This study evaluates the translation challenges encountered in rendering Hausa news content in Kan...
IMPACT OF CASHLESS POLICY ON PROFITABILITY OF COMMERCIAL BANKS IN NIGERIA
Abstract
This research work examines the impact of cashless policy on the profitability of commercial b...
The effect of mobile learning on students' ability to complete assignments independently in Yola North LGA, Adamawa State
Background of the Study
Mobile learning, characterized by the use of smartphones, tablets, and other mobile devices for ed...
AN ANALYSIS OF CONFLICT MANAGEMENT AND ITS IMPACT ON WORKERS’ PERFORMANCE IN PUBLIC SECTOR
BACKGROUND OF THE STUDY
Conflict management is one of the classic areas of corporate management that ha...
The impact of globalization on Nigeria’s trade balance: An analysis of trade policies
Background of the study :
Globalization has reshaped international trade dynamics, influencing the trade balances of nation...
An investigation of challenges in transitioning from traditional to online education in secondary schools in Makurdi Central LGA, Benue State
Background of the Study:
The transition from traditional classroom-based education to online learning represents a signific...
