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1.

Analyzing the problems with the current adoption of IFRS in the companies among India, China, Germany, Russia and Kenya Pages 29-40 Right click to download the paper Download PDF

Authors: Robert Mosomi Ombati, Anita Shukla

DOI: 10.5267/j.ac.2017.3.002

Keywords: IFRS, IFRS adoption, Problems of adoption, Company related problems, Investor’s related problems and government agency related problems

Abstract:
Accounting information provides past and current financial information of an economic unit for business managers, potential investors, and other interested parties. Internally generated accounting information helps business managers with planning, controlling, and making decisions referred to as managerial accounting information. However, if the companies, which have adopted International Financial Reporting Standards (IFRS) globally, cannot generate the same information then the accounting practices need to be improved. For this purpose, the current study was performed with the objectives of measuring relationship between profitability and market capitalization and to analyze the challenges faced by listed firms of various countries in association with the implementation of IFRS. For this purpose, 15 companies were selected from 5 countries including India, China, Germany, Russia and Kenya. The secondary data regarding the correlation between profitability and market capitalization were analyzed to calculate the correlations. The primary data regarding the managers perception were analyzed with multiple regression method using SPSS-19 software to find out the company related variables, investors’ related variables and government agency related variables responsible for problems in the current adoption of IFRS.
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Journal: AC | Year: 2018 | Volume: 4 | Issue: 1 | Views: 3506 | Reviews: 0

 

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