Challenges and Opportunities in Adopting IFRS by Private Commercial Banks
| dc.contributor.advisor | Sewale, Abate (PhD) | |
| dc.contributor.author | Alexander, Hache | |
| dc.date.accessioned | 2019-03-24T10:43:38Z | |
| dc.date.accessioned | 2023-11-04T07:57:24Z | |
| dc.date.available | 2019-03-24T10:43:38Z | |
| dc.date.available | 2023-11-04T07:57:24Z | |
| dc.date.issued | 2019-02 | |
| dc.description | A thesis submitted to the department of accounting and finance in partial fulfillment of the requirement for the degree of Master of Science in Accounting and Finance. | en_US |
| dc.description.abstract | International Financial Reporting Standards (IFRS) has increasingly been required and adopted globally. Furthermore, the rapid growth of Ethiopian financial market, banking sector and regulatory requirement has led to the need for improving the current accounting system to harmonize with the globalization trend of the world economy. This thesis aims at identifying the challenges and opportunities in adopting IFRS by private commercial Banks. The study used purposive sampling to conduct the research in a focus group of IFRS implementation team of each private Bank using questionnaire since these teams are believed to have the knowledge and expertise of applying the standard. Even though at this time all financial institutions adopted the standard in their financial statements still the standard is not embedded in the day to day operation of the Banks and this shows that the standard is not fully adopted due to the existing challenges in the business environment. Finally, the result of the survey shows there is a challenge in lack of knowledge to practically apply the standard, problem of data asymmetry, compatible technology which can embed accounting information with the requirement of IFRS, and lack of competent training having the capacity to provide beyond the theory of IFRS are the major findings and the opportunities are access to finance, comparability, improve analysis of information for decision making and better access to capital market. | en_US |
| dc.identifier.uri | http://etd.aau.edu.et/handle/123456789/17143 | |
| dc.language.iso | en_US | en_US |
| dc.publisher | Addis Ababa University | en_US |
| dc.subject | Adoption | en_US |
| dc.subject | Challenges | en_US |
| dc.subject | Opportunities | en_US |
| dc.subject | Private Banks | en_US |
| dc.title | Challenges and Opportunities in Adopting IFRS by Private Commercial Banks | en_US |
| dc.type | Thesis | en_US |