IMPACT OF IFRS ADOPTION ON VALUE RELEVANCE OF FINANCIAL STATEMENTS

Authors

  • Adam Konto Kyari Yobe State University

Keywords:

Adoption, Bank information, Impact, Relevance, Standards, Value.

Abstract

This study examines the impact of the adoption of International Financial Reporting Standards (IFRS) on the value relevance of financial information disclosed in financial statements of Banks listed on the Nigerian Stock Exchange. A sample of seven banks out of eleven Commercial Banks listed on the Nigerian stock exchange between the periods 2008 to 2015 was selected for the study. The period (2008 – 2011) represents the pre adoption while 2012- 2015 represent the post adoption period. Data were collected on published accounts of the banks studied. The data was analysed using description statistics and linear regression. The study found, among others, that the adoption of the International Financial Reporting Standards has led to the disclosure of more information in the financial statements than the local standards. The paper, therefore, recommended that tight legislature be put in place to encourage banks to strictly adhere to the requirements of International Financial Reporting Standards.

Author Biography

Adam Konto Kyari, Yobe State University

Department of Accountancy, Yobe State University, Damaturu, Yobe State, Nigeria.

Published

2019-04-01