Effects of IFRS Adoption in Nigeria on Profitability Ratios: Evidence from the Conglomerate Sector

ODUWOLE, F.R and FATOGUN, O. I (2018) Effects of IFRS Adoption in Nigeria on Profitability Ratios: Evidence from the Conglomerate Sector. In: 1ST INTERNATIONAL CONFERENCE, NOVEMBER, 2018, THE FEDERAL POLYTECHNIC, ILARO.

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Abstract

ThisstudyexaminedtheeffectsofIFRSadoptionontheprofitabilityoffirmsintermsoffinancial statement items using profitability ratios. Data were sourced from financial statements of five companies listed on the conglomerate sector of NSE for a period of four years. The data were analysed using descriptive statistics and OLS Regression from SPSS. It was found out that profitability ratio of firms after IFRS adoption reduced. It is therefore recommended that adequate care should be taken by the users of financial statements in making economic decisions becauseofthenewfeaturesinthefinancialstatementspreparedunderIFRS.

Item Type:	Conference or Workshop Item (Paper)
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HF Commerce
Divisions:	Faculty of Law, Arts and Social Sciences > School of Management
Depositing User:	Miss Ayomikun Ogunbadejo
Date Deposited:	30 May 2020 13:36
Last Modified:	30 May 2020 13:36
URI:	http://eprints.federalpolyilaro.edu.ng/id/eprint/217

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