ABSTRACT
The purpose of this study is to bring out issue and concepts of international financial reporting standard (IFRS) in general, its relationship to corporate business with specific reference to Nigeria Brewery Pic, Ibadan. The Objective of the study is to present the benefit of IFRS adoption and the problem of the study is the need for harmonization of financial statements and single of consistent high quality financial reporting standard gain wide spread acceptance amongst policies maker, standard setter and preparer. The need for quality and uniformity in the preparation and presentation of financial statement gave birth to (IFRS), The Directors, Board of Governors, Managers and every" stakeholder with more effective way of analyzing and reporting financial statement are the significance of the study. The potential benefits that Nigeria gain after IFRS adoption is to promote the compilation of the meaningful data on the performance of various reporting entities at public and private level in Nigeria. Why the challenges of IFRS are the level of Awareness and Accounting Education and Training also indicated in the study. The financial reporting regulation and regulator jn Nigeria are corporate Affair Commission (CAC) and the Centre Bank of Nigeria (CBN) and institute of chartered accountants of Nigeria (ICAN). The purpose of conducting an empirical research the used interview and direct observation are the methods of collecting data for this research work and the necessary techniques of data collection were through primary and secondary source in this study. The finding of this study is to analyze the data gathered from an unbiased questionnaire drafted and circulated for the purpose of the study. From the findings, we find out that adoption if International Financial Reporting standard has accordingly added better and meaningful understanding to the preparation of financial statement
TABLE OF CONTENTS
Title Page
Certification
Dedication
Acknowledgement
Abstract
Table of content
CHAPTER ONE
1.1 Introduction
1.2 Background of the study
1.3 Statement of the problem
1.4 Objectives of the study
1.5 Research questions
1.6 Statement of Hypothesis
1.7 Scope of the study
1.8 Significance of the study
1.9 Justification of the study
1.10 Definitions of Terms
CHAPTER TWO:
2.0 Introduction
2.1 Conceptual Review
2.1.1 Development of accounting profession in Nigeria (Brief overview)
2.1.2 Legal and regulatory framework of accounting in Nigeria
2.2 Theoretical Review
2.1 The rational utility maximization theory
2.2.2 Pure impression management model
2.3 Empirical Review
2.3.1 Benefits of adopting IFRS in Nigeria
2.3.2 Challenges to IFRS adoption in Nigeria
2.3.3 Benefits and challenges of the implementation of IFRS to economic development
2.3.4 Requirements that will assist implementation of IFRS in Nigeria
2.4 Financial reporting regulations and regulators in Nigeria
2.4.1 Components of IFRS financial statements
2.4.2 Roadmap for the adoption of IFRS and the implications in Nigeria
2.4.3 Adoption statement of IFRS
2.4.4 Reasons for IFRS
CHAPTER THREE
3.0 Research Methodology
3.1 Introduction
3.2 Area of Study
3.3 Population of the study
3.4 Research Design
3.5 Sample and Sampling technique
3.6 Data collection procedure
3.7 Methods of data Analysis
CHAPTER FOUR
4.0 Presentation and Analysis of Data
4.1 Analysis of questionnaire
4.2 Testing of Hypothesis
CHAPTER FIVE
5.0 Summary, Conclusion and Recommendation
5.1 Summary
5.2 Conclusion
5.3 Recommendation
References
Questionnaire
