Browsing by Author "Tekeste Surafele"

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    The Challenges of Adoption International Financial Reporting Standards (IFRS) Among Medium Enterprises: The Case of Addis Ababa City Administration
    (A.A.U, 2021-06) Tekeste Surafele; Duressa Degefa
    This study examines the challenges of adoption International Financial Reporting Standard (IFRS) among medium enterprises of Addis Ababa City Administration, Ethiopia. However, the study raised research question that is, what are the practical challenges face while adopt IFRS for the selected companies. To answer this research question the study uses survey research design and adopt the mixed research approach. In addition, the study used multiple data collection method, including face-to-face interview, questioners and document review. The questionnaire data were also analyzed using descriptive statistics, data from interview and document reviews were interpreted qualitatively. Based on the analysis it was found out that there is a considerable awareness among the medium enterprises that the implementation IFRS improves the quality of financial reporting, transparency, accountability and economic efficiency the results also indicated that that medium enterprises in Addis Ababa face numerous challenges in the process of implementing IFRS include significant cost of adoption of IFRS, lack of consistent training and awareness about IFRS, lack of readiness to implement within the time frame set by the board, lack of adequate implementation guidance and lack of enforcement capacity. The thesis, thus, pointed out practical implications for the government of Ethiopia and regulatory bodies in setting a firm deadline for the IFRS adoption and in following the proper application of all the adopted standards. The findings also suggest that a consistent and well focused IFRS capacity building program should be designed by the government, all regulatory bodies, firms and training institutions in order to provide the needed manpower for IFRS implementation.