EFFECTS OF CASH FLOW AND CHANGE IN EQUITY DISCLOSURES ON FINANCIAL REPORTING QUALITY OF LISTED DEPOSIT MONEY BANKS IN NIGERIA

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EFFECTS OF CASH FLOW AND CHANGE IN EQUITY DISCLOSURES ON.pdf (227.5 KB)

Date

2021-06-01

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Department of Accounting, Nasarawa State University, Keffi

Abstract

This study examines the effects of cash flow and change in equity disclosures on financial reporting quality of listed deposit money banks in Nigeria. The study utilizes ex-post facto research design as panel data for the period of eight (8) years spanning 2012 through 2019 were used. The population of the study is the quoted DMBs in Nigeria. Census sampling method was used to select the 15 quoted DMBs in Nigeria. Panel regression analysis was used and it was found that, cash flow disclosure is significant and positively related to financial reporting quality of quoted DMBs in Nigeria. However, insignificant positive effect of change in equity disclosure on financial reporting quality was found. It is concluded that, financial reports quality is a function of strict adherence to the IFRS. It is therefore recommended among others that, quoted DMBs in Nigeria should ensure that all financial reports adhere to the international financial reporting standards.

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Keywords

IFRS, Cash Flow Disclosure, Change in Equity Disclosure, Financial Reports Quality, DMBs, Nigeria

Citation

Abata, A. M. (2015). The impact of International Financial Reporting Standards (IFRS) on financial reporting practice in the Nigerian banking sector. Journal of Policy and Development Studies, 9(2), 169-184. Abdullah, D. (2014). The impact of IAS vs. IFRS (voluntary) and IFRS (voluntary) vs. IFRS (mandatory) on accounting quality over time: Inferences from Jordan, European Journal of Business Management, 6(22), 194-208. Abdullah, W. R. W., Maruhun, E. N. S., Tarmizi, M. A., & Rahman, L. A. (2018). Mitigating Financial reporting quality: Adoption of IFRS and Corporate Governance Practices in Malaysia. International Journal of Academic Research in Business and Social Sciences, 8(2), 760–772. Ball, R. & Foster, G. (1982). Corporate financial reporting: A methodological review of empirical research, Journal of Accounting Research, 20, 161-234. Ball, R. (2006). International Financial Reporting Standards (IFRS): Pros and Cons for Investors." Accounting and Business Research. Brookings-Wharton Papers on Financial Service: 127– 69.

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https://keffi.nsuk.edu.ng/handle/20.500.14448/717

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