EZEMONYE-OKWARA, IFUNANYA (2026) RELEVANCE OF INTERNATIONAL FINANCIAL REPORTING STANDARD TO THE FINANCIAL STATEMENT OF SELECTED COMPANIES IN NIGERIA. Other thesis, GODFREY OKOYE UNIVERSITY, ENUGU.
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Abstract
This study examined the relevance of International Financial Reporting Standards (IFRS) to the financial statements of selected companies in Nigeria, with specific focus on Innoson Vehicle Manufacturing Ltd and Dangote Industries Ltd. The study was motivated by persistent doubts, despite over a decade of mandatory IFRS adoption in Nigeria, as to whether the standards have genuinely improved the quality, comparability, and decision-usefulness of corporate financial statements. The main objective was to assess this relevance through four specific lenses: the explicitness of compliance statements, the influence of accounting disclosure, the timeliness of loss recognition, and the elimination of earnings management techniques. The study adopted a survey research design, anchored on the Decision Usefulness Theory and Agency Theory. The population comprised 380 staff across both companies, from which a sample of 195 was determined using Taro Yamane's formula and selected through simple random sampling. A structured questionnaire, validated through a pilot study and tested for reliability using Cronbach Alpha, was administered, yielding 180 properly completed responses (96.7% response rate). Data were analyzed using frequency distribution, simple percentage analysis, and one-sample t-tests via SPSS. Findings revealed that all four variables—explicitness of compliance statements, accounting disclosure, timeliness in loss recognition, and elimination of earnings management—were statistically significant in relation to the financial statements of the selected companies, with all null hypotheses rejected at the 0.05 significance level. The study concluded that IFRS adoption has meaningfully enhanced the credibility, transparency, comparability, and overall relevance of financial reporting among the sampled companies, although challenges such as inadequate technical expertise, high implementation costs, and weak regulatory enforcement continue to limit its full potential. The study recommended sustained professional training, stronger regulatory enforcement, investment in accounting technology, and further research across a broader range of Nigerian firms.
| Item Type: | Thesis (Other) |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Divisions: | Faculty of Management and Social Sciences |
| Depositing User: | CHIBUEZE EZE |
| Date Deposited: | 30 Jul 2026 12:29 |
| Last Modified: | 30 Jul 2026 12:29 |
| URI: | http://eprints.gouni.edu.ng/id/eprint/6088 |
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