INTERNATIONAL FINANCIAL REPORTING STANDARDS AND EARNINGS SMOOTHING OF NIGERIAN DEPOSIT MONEY BANKS

Authors

  • Theresa Ekpe Oto PhD Department of Accounting, Benue State University, Makurdi
  • Anthony Idoko Onoja Department of Accounting, Benue State University, Makurdi
  • Solomon Wayas Governance and Risk Management Department, Nigerian National Petroleum Corporation (NNPC)

Keywords:

IFRS, earnings smoothing, Nigerian Deposit Money Banks

Abstract

This study appraised the effect of mandatory adoption of International Financial Reporting Standards (IFRS) on earnings smoothing of 12 Nigerian Deposit Money Banks (NDMBs) from 2018-2022. The study used sample t-test to measure earnings smoothing and the findings revealed an insignificant decrease in earnings smoothing by managers of DMBs in Nigeria after the mandatory adoption of IFRS. The study recommends among other things that the Financial Reporting council of Nigeria (FRCN) should moderate the excessive use of judgement by managers in managing earnings and also continuous usage of both Central Bank of Nigeria (CBN) prudential guidelines and IFRS in reporting.

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Published

2024-03-26

How to Cite

Oto, T. E. ., Onoja, A. I. ., & Wayas, S. . (2024). INTERNATIONAL FINANCIAL REPORTING STANDARDS AND EARNINGS SMOOTHING OF NIGERIAN DEPOSIT MONEY BANKS. Advance Journal of Management, Accounting and Finance, 9(3), 37–52. Retrieved from https://aspjournals.org/ajmaf/index.php/ajmaf/article/view/88

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