2020
DOI: 10.5958/2321-5763.2020.00064.5
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Benefits and challenges of international financial reporting standard (IFRS) transition in ethiopia (case study on some selected organizations in Ethiopia)

Abstract: The purpose of this study is to assess the transition of International Financial Reporting Standards (IFRS) in Ethiopia: the benefits, prospects and challenges of its adoption and implementation in the case of 13 significant PIEs. The study employs both quantitative and qualitative methods (mixed) research approach. Both primary and secondary data sources were used for the study. The respondents are selected by using judgmental sampling technique. Then, the collected data from those organizations is analyzed b… Show more

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“…The foundation of any successful transition lies in the preparedness and proficiency of the personnel involved. This sentiment resonates with Shiferaw and Assefa (2020), who highlighted the critical role of skilled and trained staff. Furthermore, our emphasis on affordable and accessible training underscores the necessity to make IFRS knowledge available widely, breaking down any barriers to access.…”
Section: Discussionmentioning
confidence: 95%
“…The foundation of any successful transition lies in the preparedness and proficiency of the personnel involved. This sentiment resonates with Shiferaw and Assefa (2020), who highlighted the critical role of skilled and trained staff. Furthermore, our emphasis on affordable and accessible training underscores the necessity to make IFRS knowledge available widely, breaking down any barriers to access.…”
Section: Discussionmentioning
confidence: 95%