Challenges of Practical Implementation of IFRS in Ethiopia, Evidence from Banking Sector
| dc.contributor.advisor | Sewale, Abate (PhD) | |
| dc.contributor.author | Aytenew, Agumas | |
| dc.date.accessioned | 2018-12-13T12:03:22Z | |
| dc.date.accessioned | 2023-11-04T09:03:21Z | |
| dc.date.available | 2018-12-13T12:03:22Z | |
| dc.date.available | 2023-11-04T09:03:21Z | |
| dc.date.issued | 2018-12 | |
| dc.description.abstract | Since the turn of the century, there is an unprecedented appreciation of the usefulness of the International Financial Reporting Standards (IFRS) across the globe. As a single set of globally converged, high quality accounting standards, IFRS are designed to serve as a common global language for business affairs so that company accounts are understandable and comparable across the globe. As a result, by recognizing the relative importance of IFRS, over 150 countries required or permitted IFRS as their corporate financial reporting standard. Despite this widespread acceptance of IFRS, there are serious institutional, enforcement and technical challenges that countries need to overcome in order to benefit fully from the introduction of IFRS in their jurisdictions. Ethiopia is one of those countries that face serious challenges to implement IFRS. Therefore, this research is intended to investigate the practical challenges of IFRS adoption in Ethiopia, particularly in private commercial banks. To achieve this objective, both primary and secondary data were collected from IFRS implementation team members of 12 private banks who were selected purposively based on their role and involvement in the implementation process. Primary data were collected through questionnaire and interview whereas secondary based were collected through documentary evidence and analyzed by using different descriptive statistical tools. Finally, the result of the study revealed that weak corporate governance, poor quality of education and training, lack of supports from accountancy professional bodies, weak enforcements of regulatory body, inadequacy of transition period, improper planning, nonavailability of transparent market information, high cost of implementation and weak management support are the major challenges of adopting IFRS by private banks in Ethiopia | en_US |
| dc.identifier.uri | http://etd.aau.edu.et/handle/123456789/15081 | |
| dc.language.iso | en_US | en_US |
| dc.publisher | Addis Ababa University | en_US |
| dc.subject | Adoption | en_US |
| dc.subject | Ethiopia | en_US |
| dc.subject | IFRS | en_US |
| dc.subject | Private Banks | en_US |
| dc.title | Challenges of Practical Implementation of IFRS in Ethiopia, Evidence from Banking Sector | en_US |
| dc.type | Thesis | en_US |