Prospect, Challenges And Cost Of Implementation Of Ifrs Project In Berhan Bank S.C
| dc.contributor.advisor | Markos, Solomon(PhD) | |
| dc.contributor.author | Bisrat, Biniyam | |
| dc.date.accessioned | 2020-12-21T07:06:04Z | |
| dc.date.accessioned | 2023-11-04T14:26:13Z | |
| dc.date.available | 2020-12-21T07:06:04Z | |
| dc.date.available | 2023-11-04T14:26:13Z | |
| dc.date.issued | 2020-06 | |
| dc.description.abstract | Financial institutions in Ethiopia as regulated by Accounting and Auditing Board of Ethiopia (AABE) complied with IFRS requirements as first implementers of the standard. To this end, the study conducted to examine the concerns regarding prospect, challenges and the potential costs concomitant with implementing International Financial Reporting Standard project in Berhan Bank. This research paper documents both primary and secondary data’s to meet objectives of the research. The study used a mixed research approach; where questionnaire data were analyzed quantitatively using descriptive statistics, data from interview and document reviews were interpreted qualitatively. The major findings of the study demonstrated that the large majority of the respondents agreed that International Financial Reporting Standard project in Berhan Bank involved potential costs that arise mainly from the rush process followed by the regulatory body, consultant’s fee and training costs can be mentioned. In addition, the project encountered a number of challenges in implementation; including, lack of sufficient knowledge and experience, complex nature of the project and absence of guidance and support from the regulatory body are found to be the core challenges. Despite this, it is indicated that there is an overwhelming support among respondents in favor of the project. Further, the study reveals that implementation of International Financial Reporting Standard bring potential benefits to the Bank through enhancing reliable financial reports, improving standard of financial disclosure, ameliorating effectiveness of monitoring and controlling, reducing irregularities in reporting, and smoothening international banking operation of the Bank. Based on the findings, the study suggests the bank to look into issues internal to the bank domain and enhance internal capacity as wellto improve the engagement of the management towards the project | en_US |
| dc.identifier.uri | http://etd.aau.edu.et/handle/123456789/24213 | |
| dc.language.iso | en_US | en_US |
| dc.publisher | Addis Ababa University | en_US |
| dc.subject | : IFRS, implementation | en_US |
| dc.subject | prospect, challenges | en_US |
| dc.subject | financial institutions | en_US |
| dc.title | Prospect, Challenges And Cost Of Implementation Of Ifrs Project In Berhan Bank S.C | en_US |
| dc.type | Thesis | en_US |