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The value-relevanceof Accounting Information in Nigeria: Analysts’ perception in the IFRS regime

The Journal of Accounting and Management

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Field Value
 
Title The value-relevanceof Accounting Information in Nigeria: Analysts’ perception in the IFRS regime
 
Creator UTHMAN, Ahmad Bukola; Al-Hikmah University, Ilorin, Nigeria
ABDUL-BAKI, Zayyad; University of Ilorin
 
Subject fair value; IFRS; Nigerian GAAP; finance theory; economic disclosure
 
Description This study investigates the effect of IFRS adoption on the value-relevance of accounting information in Nigeria. The study builds on the explanation of extant finance theories on the value and timing of information. IFRS was measured with more disclosure of economic events as well as the fair valuation of economic events under IFRS. The opinions of a number of financial analysts with the aid of e-mail questionnaire were sourced. A log-linear test was run to test the interaction of the variables and the significance of such interaction. A significant relationship was found between the each of the independent variables and the dependent variable at 5% level of significance. The study therefore offers explanations regarding the IFRS adoption as a bridge of the gap between accounting and finance measurement of information. Hence, concludes that IFRS adoption has enhanced the value relevance of accounting information in Nigeria. However, recommendation was made that more measures should be put in place to ensure full compliance of IFRS by all affected Nigerian entities.
 
Publisher The Journal of Accounting and Management
 
Contributor —
 
Date 2014-06-30
 
Type Peer-reviewed Article
 
Format application/pdf
 
Identifier http://journals.univ-danubius.ro/index.php/jam/article/view/2263
 
Source The Journal of Accounting and Management; Vol 4, No 1 (2014): JAM
 
Language en
 
Rights The author fully assumes the content originality and the holograph signature makes him responsible in case of trial.