TABLE OF CONTENTS
PAGE
Title Page – – – – – – – i
Certification – – – – – – – – ii
Dedication – – – – – – – iii
Acknowledgements – – – – – – iv
Table of Contents – – – – – – v-vii
List of Tables – – – – – – – viii
Abstract – – – – – – – – ix
CHAPTER ONE
INTRODUCTION
- Background of the Study – – – – – 1-8
- Statement of the Problem – – – – 8-9
- Objectives of the Study – – – – – 9-10
- Research Questions – – – – – – 10-11
- Significance of the Study – – – – 11
- Scope and Limitations of the Study – – 12-13
- Organization of the Study – – – – 13
- Definition of Terms – – – – – – 14
CHAPTER TWO
LITERATURE REVIEW
2.1 Concept of IFRS – – – – – – – 15-16
2.2 Impact of IFRS on Corporate Performance
of Manufacturing Industries – – – – 17-20
2.3 Benefits of IFRS in Manufacturing Industries – 20-25
2.4Â Challenges of International Financial Reporting
Standards in Manufacturing Industries – – 26-34
2.5 IFRS and Financial Quality of Manufacturing
Industries – – – – – – – 34-37
2.6 Possible Solutions to the Challenges of
IFRS in Manufacturing Industries – – – 37-38
2.7 Useful Recommendations Based on the Study
for Manufacturing Industry – – – – 38-40
End Notes
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Introduction – – – – – – – 42
3.1.1 Re-Statement of Research Questions – – 42-43
3.2 Design of the Study – – – – – 43
3.3 Area of Study – – – – – – – 43
3.4 Population of the Study – – – – – 43
3.5 Sample Size and Sampling Technique – – 44
3.6 Instrument and Method for Data Collection – 44
3.7 Data Analysis Technique – – – – – 45
CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS
4.1 Introduction – – – – – – – 46
4.2 Data Presentation, Analysis and Interpretation 47-52
CHAPTER FIVE:
SUMMARY, RECOMMENDATIONS AND CONCLUSION
5.1 Introduction – – – – – – – 53
5.2 Findings – – – – – – – – 53-54
5.3 Conclusion – – – – – – – 54-55
5.4 Recommendations – – – – – – 55
References
Appendix
ABSTRACT
Lots of companies have been faced with the challenges of adoption and implementation of IFRS. Despite this, the adoption of IFRS is essential to the growth of manufacturing industries and global business environment. In view of this, this paper attempts to assess the impact of IFRS and the extent at which it can improve the position of corporate performance of manufacturing industries in Nigeria. Five research questions were formulated and tested in this study. The study involved a sample of 30 respondents. A self-design questionnaire was used, descriptive and explanatory survey and simple percentage of significant was used to analyze the data gathered. Results shows that IFRS adoption would have significant positive effect on corporate performance of manufacturing industries in terms of, stability and efficiency. IFRS adoption would significantly improve the transparency and usefulness of accounts to investors. IFRS would significantly improve public confidence in the market and significantly enhance the uniformity, comparability and reliability of the financial statements. Based on findings, it was recommended among others that standard setting body such as IASB should integrate the knowledge of the adoption of international financial reporting standard more in our institution curriculum. Regulatory authority such as security and exchange commission, Nigerian Stock Exchange, Federal Board of Inland Revenue Service should encourage all members and stakeholders to adopt a single financial reporting standard (such as IFRS) that will reduce information asymmetry and increase investment in our economy.
