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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/8540

Title: The Adoption of International Financial Reporting Standard (IFRS) by Ghanaian companies the level of compliance with reference to the preparation of financial statement.
Authors: Acquaye, Sandra
Issue Date: 8-Apr-2016
Abstract: Before the adoption of IFRS among firms every country had its own reporting accounting standards which gave room to conflict when it comes to comparing financial statements from different countries. The move of business into the global economy has brought a lot of challenges in comparability, reliability and objectivity, this has therefore increased the need to move accounting standards into globalization. This study was conducted to know whether companies listed on Ghana stock exchange were actually complying with IFRS by Ghana since 2007 when it was adopted. The study used both primary and secondary data for data collection, primary source was questionnaires administered and for the secondary source published financial statements. The finding of the study was that over the years since compliance of IFRS has been made compulsory for all listed companies on the stock exchange, the level of compliance is high and the study was also able to identify some factors that influence the adoption of IFRS. The study recommends that there must be more training and education for both preparers and users of financial information. Also develop these standards in curricula sectors such as the universities to create more awareness for accounting students
Description: A Thesis submitted to the Department of Accounting and Finance, Kwame Nkrumah University of Science and Technology in partial fulfilment of the requirements for the degree of Master of Business Administration (Finance Option)
URI: http://hdl.handle.net/123456789/8540
Appears in Collections:College of Arts and Social Sciences

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