Interest, Understanding and Usage of the Corporate Annual Report in the Post-IFRS Nigeria: A Survey of Shareholders
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Date
2019
Journal Title
Journal ISSN
Volume Title
Publisher
Salem Journal of Management and Social Sciences
Abstract
The study was carried out to determine if the adoption of the international accounting standard which is considered to be a major change in the financial reporting environment has made shareholders of companies to show more interest in reading, having proper understanding of, and using the corporate annual reports in the IFRS era. A survey research design was adopted and with the aid of a questionnaire, data were gathered from one hundred and ten shareholders of companies. Levene’s test was used to test the formulated hypotheses. Findings revealed that shareholders understand the report except the Notes to the accounts and the Statement of Changes in Equity which a high percentage of shareholders find difficult to understand. The study recommended that the corporate annual report should be made more understandable to users who are without special knowledge of accounting standards used in preparing and explaining the financial statements in the corporate annual reports of companies
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Keywords
Annual report, Post-IFRS, Shareholders