Abstract:
Before the adoption of International Financial Reporting Standard (IFRS) among firms
every country had its own reporting accounting standards which gave room to conflict
when it comes to comparing financial statements from different countries. The move
of business into the global economy has brought a lot of challenges in comparability,
reliability and objectivity; this has therefore increased the need to move accounting
standards into globalization. This study was conducted to assess whether listed
companies from Kumasi Metropolis were actually complying with IFRS since its
adopted in 2007. The study used both primary and secondary data for data collection,
primary source was questionnaires administered and for the secondary source
published financial statements. The finding of the study revealed that over the years
since compliance of IFRS has been made compulsory for all listed companies on the
Kumasi Metropolis, the level of compliance is high and the study was also able to
identify some factors that influence the adoption of IFRS. The study recommends that
there must be more training and education for both preparers and users of financial
information. Also develop these standards in curricula sectors such as the universities
to create more awareness for accounting students. This reaches was conducted in 2019
Description:
A Dissertation in the Department of Accounting Education, submitted to the
School of Graduate Studies in a partial fulfillment of the requirements for the
award of the degree of Masters of Business Administration (Accounting)
in the University of Education, Winneba
MAY, 2020
