Financial reporting framework in Nigeria and the adoption of the international financial reporting standards
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This paper presented a theoretical examination of the framework of financial reporting in Nigeria vis-Ã -vis the adoption of the International Financial Reporting Standards (IFRS). A critical review of extant literature exposes the issues, benefits and challenges in the transition from Generally Accepted Accounting Principles (GAAP) to IFRS. In view of the discussions, the paper recommended that corporate entities in Nigeria should adapt to the International Financial Reporting Standards rather than complete adoption of the standards and to ensure its sustainability, a country- wide intensive capacity building programme is a arsine qua none.
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How to Cite
Okoye, P. V. C. & Akenbor, C. O.. (2014). Financial reporting framework in Nigeria and the adoption of the international financial reporting standards. International Journal of Business and Economic Development, Volume 02 Issue 1.
Citation Context
APA
Okoye, P. V. C. & Akenbor, C. O.. (2014). Financial reporting framework in Nigeria and the adoption of the international financial reporting standards. International Journal of Business and Economic Development, Volume 02 Issue 1.
MLA
Okoye, Pius V. C, and Cletus O. Akenbor. "Financial reporting framework in Nigeria and the adoption of the international financial reporting standards." International Journal of Business and Economic Development, Volume 02 Issue 1, 2014.
Chicago
Pius V. C Okoye and Cletus O. Akenbor. "Financial reporting framework in Nigeria and the adoption of the international financial reporting standards." International Journal of Business and Economic Development Volume 02 Issue 1 (01 Apr 2014).
Harvard
Okoye, P. V. C. & Akenbor, C. O. (2014) Financial reporting framework in Nigeria and the adoption of the international financial reporting standards. International Journal of Business and Economic Development, Volume 02 Issue 1
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