Issues and Challenges in the Adoption of IFRS for SMEs in Chanchaga, Niger State

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ABSTRACT

This study was carried out to assess issues and challenges in the adoption of IFRS for SMEs in Chanchaga, Niger State. Three research questions were formulated in line with the objectives of the study. Descriptive method was adopted and data were collected through the use of questionnaire. Data generated were analyzed with tables, and simple percentage. The study found out that Government policies geared towards encouraging organizations to adopt the standard and self-enforcement by companies influences IFRS for SMEs; the adoption of IFRS for SMEs will contributes to prosperity and wealth of the society; and financial statements are believed not to be fully transparent, unreliable and non-comparable and this will prevent the adoption of IFRS for SMEs. The researcher recommends that government should encourage most of the SMEs to go public and enjoy the benefits of “publicly accountable” organization.

 


TABLE OF CONTENTS

COVER PAGE…………………………………………………………………….i

TITLE PAGE       ……………….………………………………………………..ii 

DECLARATION ……………………………….…………………………….......iii

CERTIFICATION ………………………………………………………………..iv

DEDICATION …………………………… ……..………………………………v

ACKNOWLEDGEMENTS …………………………………..………………….vi

TABLE OF CONTENTS …………………………………………….…………..vii

ABSTRACT ……………………………………………………………………….x

CHAPTER ONE

1.0     INTRODUCTION………………………………………………………….1

1.1     Background to the Study…………………………………………... ………1

1.2     Statement of the Problem …………………………………. ……………….4

1.3     Purpose of the Study ……………………………………….. ……..............5

1.4     Research Questions ………………………………………....……...............6

1.5     Scope of the Study …………………………………………………………6

1.6     Significance of the Study ………………………………………………….6

1.7    Limitations of the study……………………………………………………8

1.8    Definition of Some Terms………………………..…………………………8

 

CHAPTER TWO

REVIEW OF RELATED LITERATURE

2.1     Introduction …………………………………………………………………9

2.2     The General Overview of IFRS………………………………….………….9

2.3     Small and Medium Enterprises in Nigeria……………………………….14

2. 4    Benefits of Adopting IFRS for SMEs…………………………………….15

2.5     Challenges of Adopting IFRS for SMEs…………………………………20

2.6     Factors influencing the adoption of IFRS for SMEs………………….……24

 

CHAPTER THREE

RESEARCH DESIGN AND METHODOLOGY

3.1     Introduction …………………………………………..…..…. …...............26

3.2     Research Design ……………………………………….…………………..26

3.3     Population of the Study ……………………………….…………………...27

3.4     Sample Size and Sampling Procedure ……………………………………..27

3.5     Instrumentation …………………………………….……..………… …….27

3.6     Validity and Reliability of the Instrument …………….…………………...28

3.7     Data Collection Procedure………………………….……………..…….....28

3.8     Method of Data Analysis ……………………………………………….....28

 

 

CHAPTER FOUR

DATA PRESENTATION, ANALYSIS AND INTERPRETATION

4.1     Introduction …………………………………….………………………….30

4.2     Presentation of Data ……………………………………………………….30

4.3     Analysis of Respondents Personal Data……………………………………30

4.4     Discussion of Findings……………………………………………………..36

 

CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.1     Introduction …………………………………………………….................39

5.2     Summary ………………….……………………………………... ……….39

5.3     Conclusion……………………….. ………………………… ……………40

5.4     Recommendations..………………………..……………………................40

5.6    Suggestion for Further Studies…………….………………………………41

REFERENCES ……………………………………………..……………...42

          APPENDICES …………………………………………………………….44

 

 

 

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APA

SANI, I. (2021). Issues and Challenges in the Adoption of IFRS for SMEs in Chanchaga, Niger State. Afribary. Retrieved from https://afribary.com/works/issues-and-challenges-in-the-adoption-of-ifrs-for-smes

MLA 8th

SANI, ISAH "Issues and Challenges in the Adoption of IFRS for SMEs in Chanchaga, Niger State" Afribary. Afribary, 22 Jul. 2021, https://afribary.com/works/issues-and-challenges-in-the-adoption-of-ifrs-for-smes. Accessed 28 Oct. 2021.

MLA7

SANI, ISAH . "Issues and Challenges in the Adoption of IFRS for SMEs in Chanchaga, Niger State". Afribary, Afribary, 22 Jul. 2021. Web. 28 Oct. 2021. < https://afribary.com/works/issues-and-challenges-in-the-adoption-of-ifrs-for-smes >.

Chicago

SANI, ISAH . "Issues and Challenges in the Adoption of IFRS for SMEs in Chanchaga, Niger State" Afribary (2021). Accessed October 28, 2021. https://afribary.com/works/issues-and-challenges-in-the-adoption-of-ifrs-for-smes