Global accounting convergence: Quality, acceptability and enforceability of IFRS in Nigeria

Global accounting convergence: Quality, acceptability and enforceability of IFRS in Nigeria

In view of the pressing demands to converge with IFRS as the international accounting benchmark and to serve as common global accounting language, coupled with the concerns expressed by critics over its uniform suitability and relevance in diverse economic, political and institutional settings acros...

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Main Author: Rimi, Mohammed Lawal Dan
Format: Thesis
Language:eng
eng
Published: 2013
Subjects:
HF5601-5689 Accounting
HG Finance
Online Access:https://etd.uum.edu.my/4995/1/s811059.pdf
https://etd.uum.edu.my/4995/2/s811059_abstract.pdf
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id my-uum-etd.4995
record_format uketd_dc
institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Saidin, Siti Zabedah
topic HF5601-5689 Accounting
HG Finance
spellingShingle HF5601-5689 Accounting
HG Finance
Rimi, Mohammed Lawal Dan
Global accounting convergence: Quality, acceptability and enforceability of IFRS in Nigeria
description In view of the pressing demands to converge with IFRS as the international accounting benchmark and to serve as common global accounting language, coupled with the concerns expressed by critics over its uniform suitability and relevance in diverse economic, political and institutional settings across the globe, it is increasingly significant to empirically investigate; the quality, acceptability and enforceability of the International Financial Reporting Standards (IFRS) in countries of different settings. Therefore, this study investigates the perception of financial reporting users and preparers on global accounting convergence in terms of IFRS quality, IFRS acceptability and IFRS enforceability in Nigeria. Data was collected using online and self-administered survey approach. Based on the empirical findings, it was concluded that despite the possible issues and challenges associated with convergence to IFRS, it could yet be considered as a right step, in a right direction and at a right time for Nigeria. Convergence to IFRS is in the best interest of the country in order to tap its full economic potential and her deserving leadership within the global financial market. It has been proven that convergence to IFRS has positive impact to the country's reporting system with improvement in reporting quality leading to reduction in income smoothing, and increased in value relevance of reported income
format Thesis
qualification_name masters
qualification_level Master's degree
author Rimi, Mohammed Lawal Dan
author_facet Rimi, Mohammed Lawal Dan
author_sort Rimi, Mohammed Lawal Dan
title Global accounting convergence: Quality, acceptability and enforceability of IFRS in Nigeria
title_short Global accounting convergence: Quality, acceptability and enforceability of IFRS in Nigeria
title_full Global accounting convergence: Quality, acceptability and enforceability of IFRS in Nigeria
title_fullStr Global accounting convergence: Quality, acceptability and enforceability of IFRS in Nigeria
title_full_unstemmed Global accounting convergence: Quality, acceptability and enforceability of IFRS in Nigeria
title_sort global accounting convergence: quality, acceptability and enforceability of ifrs in nigeria
granting_institution Universiti Utara Malaysia
granting_department Othman Yeop Abdullah Graduate School of Business
publishDate 2013
url https://etd.uum.edu.my/4995/1/s811059.pdf
https://etd.uum.edu.my/4995/2/s811059_abstract.pdf
_version_ 1776103661609418752
spelling my-uum-etd.49952023-02-08T02:29:36Z Global accounting convergence: Quality, acceptability and enforceability of IFRS in Nigeria 2013 Rimi, Mohammed Lawal Dan Saidin, Siti Zabedah Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HF5601-5689 Accounting HG Finance In view of the pressing demands to converge with IFRS as the international accounting benchmark and to serve as common global accounting language, coupled with the concerns expressed by critics over its uniform suitability and relevance in diverse economic, political and institutional settings across the globe, it is increasingly significant to empirically investigate; the quality, acceptability and enforceability of the International Financial Reporting Standards (IFRS) in countries of different settings. Therefore, this study investigates the perception of financial reporting users and preparers on global accounting convergence in terms of IFRS quality, IFRS acceptability and IFRS enforceability in Nigeria. Data was collected using online and self-administered survey approach. Based on the empirical findings, it was concluded that despite the possible issues and challenges associated with convergence to IFRS, it could yet be considered as a right step, in a right direction and at a right time for Nigeria. Convergence to IFRS is in the best interest of the country in order to tap its full economic potential and her deserving leadership within the global financial market. It has been proven that convergence to IFRS has positive impact to the country's reporting system with improvement in reporting quality leading to reduction in income smoothing, and increased in value relevance of reported income 2013 Thesis https://etd.uum.edu.my/4995/ https://etd.uum.edu.my/4995/1/s811059.pdf text eng public https://etd.uum.edu.my/4995/2/s811059_abstract.pdf text eng public masters masters Universiti Utara Malaysia Isenmila, P.A. & Aderemi, A. K. (2013). Mandatory adoption of International Financial Reporting Standards (IFRS) in Nigeria: The unresolved institutional question. Mediterranean Journal of Social Sciences, 4(1), 175-184. Aisbitt, S. (2004). Why did (n't) the accountant cross the road? Towards a model of European enforcement of International Financial Reporting Standards. Available at: httw://oro.open.ac.uk/l591/1/Aisbitt.pdf. Ali, A., & Hwang, L. S. (1999).Country-specific factors related to financial reporting and the value relevance of accounting data. 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