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Monday, January 6, 2014

Ifrs

awww.ccsenet.org/ijbm multinational Journal of Business and Management Vol. 7, No. 3; February 2012 word meaning of International monetary inform Standards in Developing Countries: The Case of Nigeria Abdulkadir Madawaki College of Business, Universiti Utara Malaysia Sintok, 06010 Kedah, Malaysia e-mail: abdulkadirmadawaki@yahoo.com Received: September 16, 2011 real: December 15, 2011 Published: February 1, 2012 inside:10.5539/ijbm.v7n3p152 URL: http://dx.doi.org/10.5539/ijbm.v7n3p152 Abstract The breeding focused on the toleration process of International fiscal Reporting Standards (IFRS) on a development economy, with particular denotation to Nigeria. The paper is based on the entropy obtained from literature subject and archival sources in the context of the globalization of International Financial Reporting and the espousal of International Financial Reporting Standards (IFRS).Nigeria has embraced IFRS in order to participate in the benefits it offers, including attracting foreign channelise investment, reduction of the cost of doing furrow, and cross border listing. In implementing IFRS Nigeria will suit challenges including the development of a legal and regulatory framework, awareness campaign, and developmental activity of personnel.
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Recommendations were made to forestall such challenges which include beef up education and training, establishment of an independent body to monitor and carry out bill and auditing standards. Keywords: Financial reporting, Adoption, Accounting standard and Developing countries 1. groundwork Glob alization of jacket markets is an irreversi! ble process, and there are legion(predicate) potential benefits to be gained from mutually recognized and respected outside(a) accounting standards. The adoption of uniform standards cut the costs of doing business across borders by reducing the need for supplementary information. They direct information more comparable, thereby enhancing evaluation and analysis by users...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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