Abstract The study focused on the adoption process of International Financial Reporting Standards (IFRS) on a developing economy‚ with particular reference to Nigeria. The paper is based on the data obtained from literature survey and archival sources in the context of the globalization of International Financial Reporting and the adoption of International Financial Reporting Standards (IFRS).Nigeria has embraced IFRS in order to participate in the benefits it offers‚ including attracting foreign
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accounting branches have been expanding at a considerable step which has also put load on this ground field. Companies and businesses interface their financial rank by producing few outlines to the exterior world so as to retain the interest of employees‚ shareholders‚ investors‚ customers‚ etc. This statistics is shared in the outline of financial declarations‚ annual reports‚ etc which makes it easier on the decision making procedure as well. Besides‚ showing misleading and untrustworthy reports
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REPORTING PRACTICE OF THE CORPORATE SECTOR IN INDIA Sham Lal & Sonia Lecturer in Commerce‚ Guest Faculty‚ Govt. Bikram College of Commerce‚ Patiala . Research Scholar‚ Dravidian University‚ Kuppum‚ AP. MA Economics Part II‚ Punjabi University‚ Patiala Abstract Disclosure is the communication of various details regarding the activities of the business which are to be disclosed either statutorily or otherwise‚ and it is to convey a true and fair view of the operating results and financial position
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boards of directors. Social Reporting Corporate social reporting is referred as the process of communicating the social and environmental effects of economic organisations ’. The reporting is also a form of corporate self-regulation integrated into a business model. Its policy functions as a self regulating mechanism whereby business monitors and ensures its active compliance with the spirit of the law ethical standards and international norms. Corporate social reporting is consequent to increasing
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KWAME NKRUMAH UNIVERSITY OF SCIENCE AND TECHNOLOGY COLLEGE OF ARCHITECTURE AND PLANNING DEPARTMENT OF BUILDING TECHNOLOGY Topic: UTILIZING FINANCIAL ENGINEERING PRODUCTS IN THE CONSTRUCTION INDUSTRY: THE PERSPECTIVE OF GHANA An Undergraduate proposal presented to the Department of Building Technology of the Kwame Nkrumah University of Science and Technology in partial fulfillment of the requirements for the award of a Bachelor of Science (BSc.) An honors degree in Quantity Surveying and Construction
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Accounting System and Financial Reporting of NGOs: Case Study of a BRAC’s Project Munima Siddika1‚ Mohammad Sarwar Jahan Rekabder2 and A.K.M. Delwar Hossain3 tawheedfj@yahoo.com Abstract: In the absence of specific accounting and financial reporting standards and diverse interpretation of certain terms under the laws of the land‚ it has become a very difficult task to follow a standardized procedure in generation and presentation of accounting and financial information of NGOs. The practices
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SOUND FINANCIAL REPORTING IS A GOOD THING FOR BRINGING CONFIDENCE BACK TO THE CORPORATE WORLD Submitted By: Ahmed Shafiul Huq 801414063 Principle of Accounting (EIB505) Section: B Executive Master of Business Administration Submitted To: Mr. Mohammad Rakib Uddin Bhuiyan Assistant Professor Department of
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MBA 607 TERM Project For Professor Tomek Kopczynski Financial statement analysis and investment recommendation for: Rogers Communication Inc and TELUS Corporation Table of Contents The Communication Sector 4 Industry Overview 4 Key Industry Characteristics 4 Company overview 5 Rogers Communication Inc. 5 TELUS Corporation 5 Comparative Analysis 5 Overall performance: how well are the companies performing overall? 6 Management of financing and sources of capital: how well do the companies
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1a. How does the market influence financial reporting standard setting? In the December 1978 Journal of Accountancy academic article‚ “The Rise of ‘Economic Consequences‚’” Stephen Zeff talks about how economic consequences – “the impact of accounting reports on the decision making behavior of business‚ government‚ unions‚ investors‚ and creditors” – can often be detrimental and therefore‚ should be taken into consideration when setting financial reporting standards. He mentions how in 1977‚ the
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The purpose of this memo is to disclose fraudulent reporting I have found in the company’s financial information in relation to product costs. Direct costs of work from private clients are being included in the overhead costs of the company. This increases the total overhead cost that is allocated amongst clients cost of sales‚ including the Defense Department of the government. The company has cost-plus contract with government in building and maintaining roads to military bases. In cost-plus contracts
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