Challenges and Prospects of Adopting International Financial Reporting Standard (IFRS) in Manufacturing Sector of Ethiopia
| dc.contributor.advisor | Abebaw, Kassie(PhD) | |
| dc.contributor.author | Arefainie, Ayalew | |
| dc.date.accessioned | 2018-11-01T13:48:28Z | |
| dc.date.accessioned | 2023-11-04T07:59:14Z | |
| dc.date.available | 2018-11-01T13:48:28Z | |
| dc.date.available | 2023-11-04T07:59:14Z | |
| dc.date.issued | 2018-06 | |
| dc.description | A Thesis submitted to the Department of Accounting and Finance presented 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) becomes internationally accepted standard which is adopted and implemented in many jurisdictions to harmonize financial reporting throughout the globe. As Ethiopia is also one of those countries which accept this standard starts adopting it. Therefore, this study aims to assess the challenges and prospects of International Financial Reporting Standards (IFRS) adoption in Manufacturing sector of Ethiopia. The study employed mixed research approach to achieve the research objectives. The questionnaire data were analyzed using descriptive statistics and data from interview and document review were interpreted qualitatively. The results of the study show that IFRS adoption in Manufacturing sector of Ethiopia will provide benefits to this sector such as attraction of more foreign direct investment and financial support, bridging the communication gap with stakeholders and will bring uniformity of accounting languages. On the other hand this study also finds different challenges of adopting IFRS in Manufacturing sector of Ethiopia such as conversion cost of adoption, required training and education, legal and enforcement mechanisms, employee’s resistance to change, asset valuation and availability of professional bodies. Finally the study recommended that employees should be aware of how to reduce costs in adoption process and the government must amend regulations to fit with IFRS requirements. Professional bodies should encouraged and do consult to facilitate successful IFRS adoption in this sector. In addition to that, academic courses regarding IFRS should be incorporated in colleges and universities levels so that the new generation will be knowledgeable about IFRS. | en_US |
| dc.identifier.uri | http://etd.aau.edu.et/handle/123456789/13625 | |
| dc.language.iso | en_US | en_US |
| dc.publisher | Addis Ababa University | en_US |
| dc.subject | International Financial Reporting Standards(IFRS) | en_US |
| dc.subject | Manufacturing sector and financial reporting | en_US |
| dc.subject | Prospects | en_US |
| dc.title | Challenges and Prospects of Adopting International Financial Reporting Standard (IFRS) in Manufacturing Sector of Ethiopia | en_US |
| dc.type | Thesis | en_US |