International Journal of Economics, Finance and Management Sciences

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Does Government Policy and Company Size Influenced Stakeholders Perception on the Adoption of International Financial Reporting Standards (IFRS) in Nigeria

Received: 27 April 2014    Accepted: 09 May 2014    Published: 20 August 2014
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Abstract

This study examines some factors influencing the adoption of International Financial Reporting Standards (IFRS) among the various stakeholders in Nigeria. A research model was developed to indicate the relationship between government policy and company size that were argued to have a positive significant relationship on the adoption of IFRS. This study is based on survey design; after successful reliability tests, correlation and multiple regression were used in analyzing the data. Results indicate that, government policy has a positive significant relationship with the adoption of IFRS, while company size was found to be insignificant with the adoption of IFRS. The study recommends that, company size should be properly taken into consideration either in terms of small, medium or large size in order to ensure a smooth transition from Nigerian Generally Accepted Accounting Principles to full adoption of IFRS in the country.

DOI 10.11648/j.ijefm.20140204.14
Published in International Journal of Economics, Finance and Management Sciences (Volume 2, Issue 4, August 2014)
Page(s) 257-262
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Government Policy, Company Size, International Financial Reporting Standards, Nigerian Generally Accepted Accounting Principles

References
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Author Information
  • Department of Accounting, Faculty of Social and Management Sciences, Kaduna State University, PMB, 2339, Kaduna, Nigeria

  • Department of Accounting, Faculty of Social and Management Sciences, Kaduna State University, PMB, 2339, Kaduna, Nigeria

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  • APA Style

    Augustine Ayuba, Benjamin Kumai Gugong. (2014). Does Government Policy and Company Size Influenced Stakeholders Perception on the Adoption of International Financial Reporting Standards (IFRS) in Nigeria. International Journal of Economics, Finance and Management Sciences, 2(4), 257-262. https://doi.org/10.11648/j.ijefm.20140204.14

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    ACS Style

    Augustine Ayuba; Benjamin Kumai Gugong. Does Government Policy and Company Size Influenced Stakeholders Perception on the Adoption of International Financial Reporting Standards (IFRS) in Nigeria. Int. J. Econ. Finance Manag. Sci. 2014, 2(4), 257-262. doi: 10.11648/j.ijefm.20140204.14

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    AMA Style

    Augustine Ayuba, Benjamin Kumai Gugong. Does Government Policy and Company Size Influenced Stakeholders Perception on the Adoption of International Financial Reporting Standards (IFRS) in Nigeria. Int J Econ Finance Manag Sci. 2014;2(4):257-262. doi: 10.11648/j.ijefm.20140204.14

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  • @article{10.11648/j.ijefm.20140204.14,
      author = {Augustine Ayuba and Benjamin Kumai Gugong},
      title = {Does Government Policy and Company Size Influenced Stakeholders Perception on the Adoption of International Financial Reporting Standards (IFRS) in Nigeria},
      journal = {International Journal of Economics, Finance and Management Sciences},
      volume = {2},
      number = {4},
      pages = {257-262},
      doi = {10.11648/j.ijefm.20140204.14},
      url = {https://doi.org/10.11648/j.ijefm.20140204.14},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.ijefm.20140204.14},
      abstract = {This study examines some factors influencing the adoption of International Financial Reporting Standards (IFRS) among the various stakeholders in Nigeria. A research model was developed to indicate the relationship between government policy and company size that were argued to have a positive significant relationship on the adoption of IFRS. This study is based on survey design; after successful reliability tests, correlation and multiple regression were used in analyzing the data. Results indicate that, government policy has a positive significant relationship with the adoption of IFRS, while company size was found to be insignificant with the adoption of IFRS. The study recommends that, company size should be properly taken into consideration either in terms of small, medium or large size in order to ensure a smooth transition from Nigerian Generally Accepted Accounting Principles to full adoption of IFRS in the country.},
     year = {2014}
    }
    

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    AU  - Augustine Ayuba
    AU  - Benjamin Kumai Gugong
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    JF  - International Journal of Economics, Finance and Management Sciences
    JO  - International Journal of Economics, Finance and Management Sciences
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    PB  - Science Publishing Group
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    AB  - This study examines some factors influencing the adoption of International Financial Reporting Standards (IFRS) among the various stakeholders in Nigeria. A research model was developed to indicate the relationship between government policy and company size that were argued to have a positive significant relationship on the adoption of IFRS. This study is based on survey design; after successful reliability tests, correlation and multiple regression were used in analyzing the data. Results indicate that, government policy has a positive significant relationship with the adoption of IFRS, while company size was found to be insignificant with the adoption of IFRS. The study recommends that, company size should be properly taken into consideration either in terms of small, medium or large size in order to ensure a smooth transition from Nigerian Generally Accepted Accounting Principles to full adoption of IFRS in the country.
    VL  - 2
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