Browsing by Author "Worku, Temesgen"

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    Factors Influencing Successful Implementation of International Financial Reporting Standards (IFRS) Project A Case of Commercial Bank of Ethiopia
    (Addis Ababa University, 2018-11-06) Worku, Temesgen; Assefa, Teklegiorgis(Associate Professor)
    International Financial Reporting Standard (IFRS) are set of accounting standard developed by IASB that is becoming the global standard for the preparation of public company financial statements. The aim of this study was to examine Factors Influencing Successful Implementation of IFRS Project in Commercial Bank of Ethiopia. These researches sought to achieve five specific objectives with the key variables examined being the dependent variable successful implementation of IFRS project in CBE and independent variables of top management support, organization structure, communication system, team building and Monitoring and Evaluation. To answer research questions and test the hypothesis the researcher adopted primary and secondary source of data. The primary data were collected through questionnaires and interview. Whereas, the secondary source of data was collected from publication, Previous research and consultant printed document. The researcher implemented both qualitative and quantitative (mixed) research approach. The questionnaire data were analysed using descriptive statistics, correlations, and multiple linear regression analysis and data from interview was triangulated with the descriptive part of analysis. The results have shown that with Pearson correlation result of 0.383, 0.387, 0.327 and 0.418 for the independent variable of Top Management Support, Organizational Structure, Communication System and Team building respectively have weak positive association with the dependent variable of Successful implementation of IFRS project in CBE. While monitoring and evaluation has strong positive relationship with dependent variable with Pearson Correlation of 0.678. The results of multiple regressions revealed that Top Management Support, Organizational Structure, Communication System and Team Building have insignificant effect on successful implementation of IFRS project. However, Effective Monitoring and Evaluation has a positive and significant effect on successful implementation of IFRS project in CBE. Finally, the researcher provides related recommendations which were associated with the study findings and suggest further study on the issue.