The Processes, Challenges and Prospects of Mandatory Adoption of International Financial Reporting Standards in Ethiopian Commodity Exchange Member Companies
| dc.contributor.advisor | Tekalign, Nega (PHD) | |
| dc.contributor.author | Abebe, Kebebe | |
| dc.date.accessioned | 2020-08-13T09:10:48Z | |
| dc.date.accessioned | 2023-11-04T07:57:46Z | |
| dc.date.available | 2020-08-13T09:10:48Z | |
| dc.date.available | 2023-11-04T07:57:46Z | |
| dc.date.issued | 2020-06 | |
| dc.description | A Thesis Submitted To Department Of Accounting And Finance In Partial Fulfilment Of The Requirements For Master Of Science Degree In Accounting And Finance | en_US |
| dc.description.abstract | The goal of financial reporting is to make information available for decision making. Historically, there is diversity of financial reporting in different countries due to culture, legal systems, tax systems and business structures. International Financial Reporting Standards (IFRS) harmonizes diversity by making information more comparable and easier for analysis, promoting efficient allocation of resources and reduction in capital cost. The main objective of this study was emperically to assess the processes, prospects and challenges of IFRS evidenced by ECX member companies’ in Ethiopia. The study employed an descrptive research design and a mixed research approach. The study used both primary and secondary data collected through structured and semi-structured questionnaires and interviews. This study used multi-stage sampling techniques in which simple random sampling and purposive sampling methods were applied. The data collected were analyzed by descriptive statistics of mean, frequency, and the percentage by using SPSS version 20, software. The main findings of the present study reveaed that adoption of IFRS in ECX member company has significant advantageous among others; it increases the quality of financial statements, increase transparency and comparability, and it would be more reliable so that it is a means to give more confidence and attract investors, clients and lenders. The challenges are insufficient period for implementation; poor documentation, absence of permanent accountant, shortage of trained professionals, lack of proper IT system, IFRS require intensive training, absence of a capital market, and an adequate number of evaluators are some of the challenges for the adoption and implementation of IFRS in ECX member companies. the study recommends the ECX member companies shall hire full time and professional accountants than hiring part-time accountants | en_US |
| dc.identifier.uri | http://etd.aau.edu.et/handle/123456789/22056 | |
| dc.language.iso | en | en_US |
| dc.publisher | A.A.U | en_US |
| dc.subject | Challenges and Prospects | en_US |
| dc.subject | ECX member companies | en_US |
| dc.subject | IFRS adoption | en_US |
| dc.title | The Processes, Challenges and Prospects of Mandatory Adoption of International Financial Reporting Standards in Ethiopian Commodity Exchange Member Companies | en_US |
| dc.type | Thesis | en_US |