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Market valuation, other comprehensive income and compliance with accounting standards: a case of Nigeria


Baba, Usman Aliyu and Amran, Noor Afza and Shaari, Hasnah (2018) Market valuation, other comprehensive income and compliance with accounting standards: a case of Nigeria. In: 5th International Conference on Accounting Studies (ICAS 2018), 16-17 October 2018, Penang, Malaysia.

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Abstract

Starting 2012, Nigerian listed companies are mandated to follow International Financial Reporting Standards in reporting of firm financial information. The reporting framework requires companies to report fair value gain and losses as other comprehensive income. In this study, we investigate the value relevance of other comprehensive income and compliance with International Accounting Standards (IAS) 16, IAS 19 and IFRS 7. Using 259 firm-year observations, the result shows that compliance with relevant accounting standards are positively priced by investors. One primary recommendation of the study is that reporting entities should pursue compliance of IFRS standards in order to increase reliability of financial reporting process for investors.

Item Type: Conference or Workshop Item (Paper)
Additional Information: ISBN 978-967-0910-98-7 Organized by: Tunku Puteri Intan Safinaz School of Accountancy, Universiti Utara Malaysia
Uncontrolled Keywords: compliance, accounting standards, other comprehensive income, value relevance, Nigeria.
Subjects: H Social Sciences > HF Commerce
Divisions: Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 21 May 2019 01:10
Last Modified: 21 May 2019 01:10
URI: http://repo.uum.edu.my/id/eprint/26042

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