Challenges of Ifrs Implementation in The Case of Ethiopian Plywood Enterprise
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Date
2024-04-02
Authors
Mamush Geresu
Journal Title
Journal ISSN
Volume Title
Publisher
A.A.U
Abstract
The process of financial reporting of business activities underwent a great change over the last
few decades. Currently, the IFRS implementation process has been started in the country and
businesses and government entities are employing consultants to help them in the
implementation process-including the conversion process. The general objective of the study is
to assess the challenges of implementing IFRS in the case of Ethiopia plywood enterprise. The
research employed a descriptive research design. Quantitative and qualitative (Mixed) research
approach was used. The study used both primary and secondary data sources. Among the non probability
sampling techniques, probabiltity sampling was used to select the samples from the
total population and 27 employees have been selected as sample of the study. The collected data
was coded, edited and cleaned. The mixed approach of the research explored the results of the
collected data using descriptive statistics. The study found that knowledge related challenges are
major challenges for the implementation of IFRS in Ethiopian Plywood Enterprise. The
enterprise should focus on knowledge related actors of IFRS. Employees should get adequate
understanding of IFRS requirements and reasons. Obstacles should be identified before the
targets and a deadline of IFRS implementation has been made. Researchers may consider taking
other factors that are challenging for IFRS implementation.