Effect of international financial reporting standards (IFRS) on corporate performance: A case study of Jordan Telecom
- Country : India
- Subject : Commerce
Abstract
International Financial Reporting Standards (IFRS) are body of prescriptive rules and guidelines which provide guidance on proper record keeping, transparency, uniformity, comparability and enhancing public confidence in financial reporting in a globalised world. But, the failure by the firm to adopt IFRS may bring inconsistencies, lack of accountability and transparency, distortion in financial reports, which in turn results into poor financial reporting practices and dissemination of accounting information which subsequently lead to business failure. The IFRS adoption is an issue of global relevance among various countries of the world due to the quest for understandability, reliability, reliability, timeliness, neutrality, verifiability and comparability of financial statements. The present research has been undertaken to explore the effect of International Financial Reporting Standards (IFRS) adoption on the performance of Jordan Telecom Company with the application of linear regression.
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