The Impact of International Financial Reporting Standards on Financial Performance

Abstract

Globalization, capital market crash and the Enron’s case led the accounting profession to insist on the need for a single set of high quality reporting standards. International Financial Reporting Standards (IFRS) were first adopted in 2005 by EU countries while Nigeria agreed to adopt in 2012. The question is: How does IFRS adoption improve the monetary relevance of accounting information? Several studies have explored the monetary relevance of IFRS adoption; however, they are based on foreign countries while Nigerian researches do not contain empirical evidence as they are mostly theoretical. This study therefore seeks to investigate the effect of IFRS adoption on financial performance. The study used correlation research design and data on Earnings per Share (EPS), Change in Earnings per Share (CEPS), Book Value per Share (BVPS) and net profit margin

Power Relations and the Philosophy of Religious Praxis in Nigeria

“…In fact, according to Wallace (1966), state leaders may very well 4-13 TRANS/FORM/AÇÃO: revista de filosofia da Unesp | v. 47, n. 1, e024000132, 2024. AKINRINDE, Olawale Olufemi;LAWAL, Musediq Olufemi;ALIU, Nkechi Latifat. go on the offensive against religious organizations because the government competes with religious ritual by introducing its own ritual. Though the critique of secularization theory, dated back to the 1960s (Martin, 1965, p. 85), political events, in the late 1970s and 1980s, finally ended the relevance of this paradigm.…”

“…The following are the general trends noted as characteristics of religious centers being patronized by politicians: (a) Only religious centers, with a large number of followers 8-13 TRANS/FORM/AÇÃO: revista de filosofia da Unesp | v. 47, n. 1, e024000132, 2024. AKINRINDE, Olawale Olufemi;LAWAL, Musediq Olufemi;ALIU, Nkechi Latifat. and a wide network of branches, are those that politicians are easily attracted to; (b) the leader of those religious centers must be charismatic, that is, the leader that commands everybody's respect in society; (c) there must be evidence of miraculous healings and answering of prayer requests in those religious centers; and (d) visitation to such religious centers will not attract rebuke from the populace due to the general respect for the centers and their leaders. These are some of the reasons why Redemption Camp of the Redeemed Christian Church of God remains the most patronized by top-notch politicians (both Muslims and Christians) in Nigeria.…”