Challenges and Prospects of International Finance Reporting Standards (IFRS) Adoption in Ethiopia
| dc.contributor.advisor | Sewale, Abate (PhD) | |
| dc.contributor.author | Solomon, Demena | |
| dc.date.accessioned | 2018-11-04T15:21:23Z | |
| dc.date.accessioned | 2023-11-04T07:59:41Z | |
| dc.date.available | 2018-11-04T15:21:23Z | |
| dc.date.available | 2023-11-04T07:59:41Z | |
| dc.date.issued | 2018-02 | |
| dc.description | A Thesis Submitted to Addis Ababa University College of Business and Economics Department in partial fulfillment of the requirements for the Degree of Masters in Accounting and Finance | en_US |
| dc.description.abstract | Globally, users of financial statements need harmonized, transparent international financial reporting standardized (IFRS) to help them make economic decisions and to enable them to invest in across the globe their capital resources. Ethiopia has recognized the need for accepting those financial reporting standards that were set out by IASB and started implementing it by selecting 78 companies on the first phase as set out by Accounting and Auditing Board of Ethiopia (AABE) strategic plan of action. Therefore, the objective of this research paper is to identity the benefits would be obtained and challenges encountered during the implementation process which was started from July 8, 2017 in 78 entities in Ethiopia. This study deployed descriptive survey research design and applied quantitative research method or approach. The researcher distributed questionnaires to 180 employees selected using purposive sampling of the selected 60 sample entities using stratified sampling technique which were adopting IFRS in their company. The study used both stratified and purposive sampling techniques to select the entity and each respondent from their company. Primary data were collected through structured questionnaires from chief executive officers (CEOs), Chief Finance Officers (CFOs) and Chief Internal Audit Function. The quantitative data were entered by using SPSS version 22, analyzed and results were presented in figure, tables, percent and frequency. Out of the total questionnaire distributed to 180 respondents 165 questionnaire returned to which is 91.67% response rate. The research analysis and finding indicted the following results: IFRS adaption in Ethiopian was positively influenced by economic growth rate, existence of financial markets even if it is in its infant phase, weakness of previews accounting system, enforcements of new legal systems and others factors such as external factors including influence of the world bank and IMF which forced government to adopt IFRS. The analysis also identified problems related to IFRS adoption such as complexity and difficulty of the standards, minimum number of the professionals, lack of technically competent staffs, non,- existence of professional association ,cost associated with IFRS. | en_US |
| dc.identifier.uri | http://etd.aau.edu.et/handle/123456789/13750 | |
| dc.language.iso | en_US | en_US |
| dc.publisher | Addis Ababa University | en_US |
| dc.subject | Ethiopia | en_US |
| dc.subject | IFRS | en_US |
| dc.title | Challenges and Prospects of International Finance Reporting Standards (IFRS) Adoption in Ethiopia | en_US |
| dc.type | Thesis | en_US |