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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/4630
Title: Assessment of international financial reporting system implementation in Ethiopia: benefit and challenge
Authors: BERHANU, EYOATAM
Keywords: International Financial Reporting Standards
Issue Date: Jun-2016
Publisher: St.Mary's University
Abstract: This study examined the implementation of International Financial Reporting Standards benefits and challenges in Ethiopia selected companies .The objective of study are to assess the implementation of International Financial Reporting Standards benefits and challenges in Ethiopia selected companies which adopt IFRS before five years. To answer the research objective and research questions, the study was used through both qualitative and quantitative research design. The data of the paper collected from questionnaires and interviews was analyzed using descriptive statistics and presented through figures, tables, percentages, mean rating and standard deviation. The results show that implementation of IFRS in Ethiopia in a number of important benefits such as its ability to significantly improve the comparability of entities, giving better access to global capital markets and reduced cost of capital, transparent and understandable financial report and provision of impetus to cross border acquisitions . The other result of finding are implementation IFRS significant challenges such as high cost of adopting, the complex nature implementation guide line, lack of proper instructions from regulatory bodies for implementing IFRS and lack of fair value accounting are the major challenges. The findings also suggest that a the concerned parties should amend the tax nature of the country and other application law according to IFRS principles and procedures and also preparing implement guidelines according understandable way and should prepare practical training to the companies employees.
URI: .
http://hdl.handle.net/123456789/4630
Appears in Collections:Accounting and Finance

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