The study was all about the concepts and issues of International Financial Reporting Standards (IFRS) adoption by corporate organisations in Nigeria. This research is based on data obtained from survey and literature in the context of worldwide convergence, compliance and adoption processes of IFRS. The article also compares the Nigerian GAAP and IFRS. There is high compliance in adoption particularly by financial institutions and other corporate bodies with little hitches. Recommendations were made amongst which are; provision of proper guidelines on implementation and introduce awareness programme to improve the degree of compliance. 

The impact of the global financial crisis on financial sectors of many countries including Nigeria has been significant. Losses to investors and borrowers have been extensive, widespread liquidity problems and insolvencies have led to huge government bail outs involving many of the financial institutions around the globe. As a result, the global financial system ground to a halt and economic activity crumbled as the inter-linkages between national financial systems provided the conduit for contagion to spread. What started with elevated losses on U.S. sub-prime mortgages market? The recent crisis has challenged financial experts to explain why the crisis developed, how it is unfolding and what can be done. The thrust of this paper, therefore, is to appraise the role of Management Accountant for sustainability of our financial system. In gathering relevant data for this paper, the secondary source of data collection was used. It was found out that Management Accountants have very important roles towards ensuring safeguarding of resources, promoting operational efficiency and soundness in organisation. However, these roles of Management Accountants therefore, recommend among other things that Management team and introduction of effective control mechanism to ensure the correctness of the effects of global financial meltdown in our corporate organization performance.

In recent years, cases of dissatisfaction from shareholders in reflection and

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