scholarly journals Factors influencing International Financial Reporting Standards (IFRS) implementation success: Evidence from Ethiopia

2020 ◽  
Vol 12 (4) ◽  
pp. 145-156
Author(s):  
Bogale Ayele Mengistu
Keyword(s):  
Financial Reporting ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Implementation Success ◽  
Financial Reporting Standards ◽  
Factors Influencing ◽  
Ifrs Implementation

A Study of International Financial Reporting Standards (IFRS) Implementation in Indonesia: The Preparers' Perspectives

2016 ◽  
Vol 4 (1) ◽  
pp. 31-37
Author(s):  
Asniati Bahari ◽  
Suhernita Suhernita ◽  
Elvira Luthan ◽  
Efa Yonnedi
Keyword(s):  
Financial Reporting ◽  
Financial Accounting ◽  
Strategic Decision ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Manufacturing Companies ◽  
Factual Information ◽  
Financial Reporting Standards ◽  
Before And After ◽  
Ifrs Implementation

Objective - This study is intended to explore the factual information; cost of implementation; general impact of implementation; progress to date; operational and strategic decision taken by management; implementation and impact of individual standards; and general other related to IFRS implementation in Indonesia by comparing before and after IFRS implementation. Methodology/Technique - Data were collected by using content analysis from annual reports of manufacturing companies listed in the Indonesian Stock Exchange and analyzed by using SPSS. Findings - Statistical analysis showed that in Indonesia, the average number of pages that reveal category of operational and strategic decision taken by management; implementation and impact of individual standard; and general other differ between before and after the implementation of IFRS, but not for factual information and general impact of information. In addition, there is a significant difference in the average of number of listed manufacturing companies report category of progress to date; operational and strategic decision taken by management; and general other between before and after the implementation of IFRS-based Financial Statements. Novelty - Findings of this research can serve as a guideline for companies in Indonesia and other developing countries in implementing the IFRS. The findings will also contribute to the knowledge and application of Financial Accounting System and Accounting Theory. Type of Paper - Empirical Keywords: International Financial Reporting Standards; Indonesian Financial Accounting Standards; IFRS implementation; and Manufacturing Companies.

scholarly journals The implementation of IFRS in Indonesian Islamic accounting

2019 ◽  
Vol 21 (3) ◽  
pp. 361
Author(s):  
Agus Arwani
Keyword(s):  
Literature Review ◽  
Financial Reporting ◽  
Accounting Standards ◽  
Financial Accounting ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Financial Reporting Standards ◽  
Accounting Theory ◽  
Local Languages ◽  
Ifrs Implementation

This research examines the IFRS  implementation in Indonesian Islamic accounting. It employs a literature review method to systematically explain the accounting theory, the Islamic Financial Accounting Standards, and International Financial Reporting Standards (IFRS).  This study concludes that there is a conflict between the International Financial Reporting Standards (IFRS) and some Islamic principles which has not been yet resolved. The Islamic accounting is also facing some complex issues related to the convergence of International Financial Reporting Standards in Indonesia due to incorrect implementation of IFRS in some countries related to the translation problems from English to local languages. The biggest problem in implementing IFRS convergence for business is dealing with the expenses spent for the development of knowledge, supports and trainings for consultants

Challenges of International Financial Reporting Standards (IFRS) Adoption in Libya

2014 ◽  
Vol 1 (1) ◽  
pp. 390 ◽  
Author(s):  
Mohamed Abulgasem Zakari
Keyword(s):  
Developing Country ◽  
Financial Reporting ◽  
Accounting Education ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Economic Issues ◽  
Financial Reporting Standards ◽  
Ifrs Adoption ◽  
The Impact ◽  
Ifrs Implementation

This study investigates the challenges that face implementing of International Financial Reporting Standards (IFRS) by Libyan firms. In particular, this paper analyses the effect of legal, economic, accounting education and culture structures on adopting of IFRS in the Libyan context. A questionnaire was used to collect data regarding the effect of some selected challenges on IFRS adoption in Libya. The results of the study indicate that IFRS adoption by Libyan companies has faced some obstacles such as accounting education and economic issues. This research extends accounting literature by studying the challenges of IFRS in Libya (a developing country), focusing on the impact of legal, accounting education, economic and culture in IFRS implementation.

scholarly journals The impact of international financial reporting standards on cost of capital

2016 ◽  
Vol 14 (1) ◽  
pp. 458-465 ◽  
Author(s):  
Krismiaji ◽  
Adi Prabhata
Keyword(s):  
Financial Reporting ◽  
Cost Of Capital ◽  
Emerging Market ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Financial Reporting Standards ◽  
Ifrs Adoption ◽  
The Cost ◽  
The Impact ◽  
Ifrs Implementation

This paper discusses empirical research examining the impact of International Financial Reporting Standards (IFRS) on cost of capital. Using a sample of 1.173 observations of publicly listed companies on the Indonesian Stock Exchange for the fiscal year that ends on December 31, 2006 through 2013, this research finds evidence of positive relationship between IFRS implementation and cost of capital. This means that in post adoption period, the cost of capital increase. This result is inconsistent with investor’s expectation, in which IFRS implementation will reduce information asymmetry which in turn decreases cost of capital. When analysis is decomposed into per sector’s analysis, the results are inconsistent. For some sectors, IFRS adoption does not have impact on the cost of capital, whereas for the others IFRS adoption positively affect the cost of capital. This study provides further evidence on the economic consequence of IFRS implementation on cost of capital using data from emerging market with low-level coercion which is Indonesian Capital Market.

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