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IMPROVEMENT OF HUMAN RESOURCE ACCOUNTING DISCLOSURE PRACTICE IN FINANCIAL STATEMENTS THROUGH IFRS: EVIDENCE FROM NIGERIAN BANKS

Authors: AKINTOYE Rufus , FREGENE Olajumoke , Olayinka Ifayemi , Awoniyi, O.

Publication Type: Journal article

Journal: International Journal Of Business And Commerce

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Abstract

This paper examines the effect of adoption of IFRS on Human Resource Accounting Disclosure (HRAD )in the financial statements of banks in Nigeria. Data for HRAD for 11 Nigerian banks were obtained through content analysis of financial statements for 2009-2013. We modified 17 item index constructed by Syed (2009) to measure HRAD practices. On the data obtained, pre-estimation technique was employed through descriptive statistics, next the test of equality between two means was carried out through ANOVA, and finally before running the regression analysis to ascertain the effect of IFRS adoption on HRAD, the hausman test was done to determine whether random effect estimation will be good or not. The ANOVA test revealed that there is no difference in the means of HRAD of financial statements prepared under SAS compared with HRAD of financial statement prepared under IFRS for the period pre and post adoption of IFRS in Nigeria. Furthermore, the regression analysis indicated that adoption of IFRS has an insignificant effect on HRAD practices. We conclude that the general assumption of IFRS providing all inclusive disclosures in all aspect is a myth and in reality HRAD is a developing aspect of accounting; that even IFRS is yet to imbibe into its extensive disclosure requirement. Therefore, we recommend that separate standards should be established for HRAD practices since it is a vital aspect of financial reporting and its disclosure should not be overlooked.

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AKINTOYE,R. FREGENE,O. Olayinka,I. Awoniyi,,O. . (0000). IMPROVEMENT OF HUMAN RESOURCE ACCOUNTING DISCLOSURE PRACTICE IN FINANCIAL STATEMENTS THROUGH IFRS: EVIDENCE FROM NIGERIAN BANKS, 5 (), 1-1.

AKINTOYE,R. FREGENE,O. Olayinka,I. Awoniyi,,O. . "IMPROVEMENT OF HUMAN RESOURCE ACCOUNTING DISCLOSURE PRACTICE IN FINANCIAL STATEMENTS THROUGH IFRS: EVIDENCE FROM NIGERIAN BANKS" 5, no (), (0000): 1-1.

AKINTOYE,R. and FREGENE,O. and Olayinka,I. and Awoniyi,,O. and . (0000). IMPROVEMENT OF HUMAN RESOURCE ACCOUNTING DISCLOSURE PRACTICE IN FINANCIAL STATEMENTS THROUGH IFRS: EVIDENCE FROM NIGERIAN BANKS, 5 (), pp1-1.

AKINTOYER, FREGENEO, OlayinkaI, Awoniyi,O, . IMPROVEMENT OF HUMAN RESOURCE ACCOUNTING DISCLOSURE PRACTICE IN FINANCIAL STATEMENTS THROUGH IFRS: EVIDENCE FROM NIGERIAN BANKS. 0000, 5 ():1-1.

AKINTOYE,Rufus , FREGENE,Olajumoke , Olayinka,Ifayemi , and Awoniyi,,O. . "IMPROVEMENT OF HUMAN RESOURCE ACCOUNTING DISCLOSURE PRACTICE IN FINANCIAL STATEMENTS THROUGH IFRS: EVIDENCE FROM NIGERIAN BANKS", 5 . (0000) : 1-1.

A.Rufus F.Olajumoke O.Ifayemi & A.O. , "IMPROVEMENT OF HUMAN RESOURCE ACCOUNTING DISCLOSURE PRACTICE IN FINANCIAL STATEMENTS THROUGH IFRS: EVIDENCE FROM NIGERIAN BANKS" vol.5, no., pp. 1-1, 0000.

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