Browsing by Author "Mohammed, R.A."

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    The value relevance of IFRS adoption: Evidence from listed Banks in Nigeria.
    (Department of Accounting, University of Ilorin, 2014) Baffa, A.M; Mohammed, R.A.; Abdulkadir, Rihanat Idowu
    The paper investigates whether the mandatory adoption of IFRS by listed banks in Nigeria has increased the value relevance of accounting information for the users of the financial statements. Using a sample of 10 banks over the pre-IFRS (2008-2010) and post-IFRS (2011-2013) periods, the study adopted Ohlson model (1995) to analyze the data gathered. The results of analysis reveal that accounting information of listed banks in Nigeria shows no significant improvement on the market based and accounting based attributes after the adoption of the new standards, as the value relevance of accounting numbers of the banks have not significantly increased after IFRS adoption. Based on the results of the study, the paper recommends that banks should ensure strict compliance with the provisions of IFRS so as to enhance the value relevance of accounting information disclosed in published financial statements, as this will go a long way in enhancing the overall financial reporting quality of the financial statements. However, the results of the study imply that apart from IFRS, there are also other institutional structures/factors that may affect value relevance of accounting information.