INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) ADOPTION AND THE VALUE RELEVANCE OF ACCOUNTING INFORMATION IN DEVELOPING COUNTRIES IN SUB-SAHARAN AFRICA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The focus of the study was on examining IFRS Adoption and The Value Relevance of Accounting Information in Developing Countries in Sub-Saharan Africa: A Comparative Analysis of Nigeria, South Africa, Ghana and Botswana. The convenience sampling technique was used in the study to select listed firms across the countries. Secondary data sourced from corporate annual reports of the sampled quoted firms got from the Stock Exchanges of those Countries were used for the study. The study made use of panel data regression, and the results revealed that for Botswana, Earnings per share (EPS) and EPS*IFRS were both positive respectively and also statistically significant. Book Value per share (BVPS) and BVPS*IFRS are both positive respectively, but none was statistically significant. Dividend per share (DPS) and DPS*IFRS were both positive respectively and were also statistically significant. Intangible assets (INTA) and INTA*IFRS were both insignificant. Cash flow per share (CFPS) was positive, though not significant, but the interaction of CFPS*IFRS was negative and statistically significant. For South-Africa, EPS and EPS*IFRS were both positive respectively, and also statistically significant. BVPS and BVPS*IFRS were both positive respectively, and also statistically significant. DPS and DPS*IFRS were both positive respectively, and were also statistically significant. CFPS was positive and significant; and furthermore, the interaction of CFPS*IFRS was also positive and statistically significant. For Nigeria, EPS and EPS*IFRS are both positive respectively, with EPS statistically significant. BVPS and BVPS*IFRS are both positive respectively, with only BVPS statistically significant. Furthermore, DPS and DPS*IFRS are both positive respectively, and statistically significant. INTA and INTA*IFRS are both insignificant respectively. Finally, CFPS is positive, though not significant; but the interaction of CFPS*IFRS is positive and significant. For Ghana, the result showed that EPS and EPS*IFRS are both positive respectively, with EPS statistically significant. BVPS and BVPS*IFRS are both positive respectively, but none is statistically significant. Furthermore, DPS and DPS*IFRS are both positive respectively, and are also statistically significant. Just like in the case of Nigeria and Botswana, the results showed that INTA was not value relevant in the pre-IFRS period, and did not show evidence of incremental relevance resulting from IFRS adoption. Finally, CFPS and CFPS*IFRS are both not significant. The study concluded that, there is the need for capital markets in developing countries to become more efficient and for companies and accounting regulatory institutions to ensure timely and quality disclosures of accounting information. It recommended that stock exchanges in developing markets should put a frame-work in place that measure the rate of compliance of each listed firm’s annual report with IFRS demands to enable the sanctioning of firms that recorded below the expected compliance level. The study also recommended, amongst others, that financial reporting councils and accounting standards setting bodies globally should support the effort to ensure improved compliance with IFRS as a matter of policy.
Related Project Materials
FINANCIAL RECORD MAINTENANCE PRACTICES IN BUSINESS ESTABLISHMENT
ABSTRACT
In this study, our focus was to carryout a critical analysis on financial record maintenance practices in...
INFLUENCE OF LEADERSHIP SKILLS ON ORGANIZATIONAL MANAGEMENT
EXCERPT FROM THE STUDY
To what extent do managers recognize this fact that employees are synonymous with Organizations a...
THE RELEVANCE OF E-NAIRA PLATFORM TO SMES IN NIGERIA
Background Of The Study
Apparently, the global financial system is embracing the present technolog...
IMPACT OF RUNNING SEPARATE HOME BY MARRIED COUPLES ON WIFE AND CHILDREN
ABSTRACT
The main involvement of the study was an investigation into the problems and prospect of runni...
Predicting High Stress Regions in a Microstructure using Convolutional Neural Networks
Abstract
Origins of failure are often driven by localizations in material response due to the applied stress/strain state. These stress &...
DESIGN AND IMPLEMENTATION OF COMPUTERIZED STUDENTS IDENTITY CARD SYSTEM
Aim and Objectives of the Study
The aim of the study is to design and implement workable computerized system for student...
EFFECT OF MARKET SEGMENTATION ON PERFORMANCE OF BREWERY INDSUTRY (A CASE STUDY OF GUINNESS NIGERIA PLC AND NIGERIA BREWERY PLC.)
ABSTRACT
This study examined the effect of market segmentation on performance of brewery
industry with the vie...
THE ROLE OF INTERNATIONAL ACCOUNTANTS IN DUE DILIGENCE PROCESSES
ABSTRACT
This study examines THE ROLE OF INTERNATIONAL ACCOUNTANTS IN DUE DILIGENCE PROCESSES, aiming to enhance financial accuracy, comp...
IMPACT OF BROADCASTING MEDIA ON THE USAGE OF CONTRACEPTIVES BY RURAL WOMEN
Background to the Study
Of all the Millennium Development Goals, the least progress has been made on go...
DESIGN AND IMPLEMENTATION OF HEALTH CARE REMINDER APPLICATION
ABSTRACT
Patients on constant medication usually find difficulty in remembering the particular time their prescription is going to finish...
