International Journal of Foreign Trade and International Business
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P-ISSN: 2663-3140, E-ISSN: 2663-3159
International Journal of Foreign Trade and International Business
Printed Journal   |   Refereed Journal   |   Peer Reviewed Journal
2023, Vol. 5, Issue 1, Part A
The effect of IFRS adoption on the value and applicability of accounting information for Dmbin Nigeria

Nkasi Etu Ernest and Adamu Nuhu

The effect of IFRS adoption on the value and applicability of accounting information for deposit money banks (DMB) is the focus of this research. This study investigates whether the implementation of international financial reporting standards has enhanced greatly the usefulness and relevance of accounting information in the financial statements of quoted deposit money banks in Nigeria. All twenty-one (21) recognized DMB’s make up the research population. In the study, eight (8) deposit money banks were sampled. Data were gathered from the sampled banks' annual reports, especially financial statement data from the pre-adoption years of 2009 to 2011 and the post-adoption years of 2012 and 2014. Multiple regressions and descriptive statistics were used to examine the effect of IFRS implementation on the usefulness of accounting information. Results of the study demonstrates share prices are more directly correlated to book value of equity per share and earnings per share of money bank deposits than they were under the old Nigerian SAS. Further Findings reveals profits margin and other financial performance indices increased significantly in terms of relevance and value of accounting information over period under review that is the post-IFRS adoption era. Therefore, the study concludes that value relevance is statistically more significant after IFRS implementation than it was before.
Pages : 14-20 | 486 Views | 244 Downloads


International Journal of Foreign Trade and International Business
How to cite this article:
Nkasi Etu Ernest, Adamu Nuhu. The effect of IFRS adoption on the value and applicability of accounting information for Dmbin Nigeria. Int J Foreign Trade Int Bus 2023;5(1):14-20. DOI: 10.33545/26633140.2023.v5.i1a.82
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