IFRS ADOPTION AND EARNINGS MANAGEMENT PRACTICES: EVIDENCE FROM NIGERIAN LISTED CONSUMER GOODS COMPANIES

Temitope Esther Oyeneye (), Mathew Idowu Abimboye (), Foluke Rachael Oduwole () and Uwalomwa Uwuigbe ()
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Temitope Esther Oyeneye: Department of Accounting, Anchor University Lagos
Mathew Idowu Abimboye: Nigerian Institute of Public Relations
Foluke Rachael Oduwole: Federal Polytechnic Ilaro
Uwalomwa Uwuigbe: Department of Accounting, University of Nizwa, Sultanate of Oman, & Directorate of Research Development Walter Sisulu University South Africa

Business & Management Compass, 2023, issue 4, 286-297

Abstract: The study looked at earnings management practices in Nigerian consumer goods firms between pre and post-adoption of IFRS and earnings management in Nigeria. It involved twenty-one Nigerian firms in the Nigeria Exchange Group, with nine being sampled due to data availability. The Modified Jones Model, a well-known profits management model created by Dechow, Sloan, and Sweeney in 1995, was used. This research examined how IFRS has affected the way companies in Nigeria control their earnings from 2012 to 2022. The study examined earnings management practices in Nigerian consumer goods companies using an ex-post facto research design and non-parametric tests. Results showed no significant change in earnings management practices due to the adoption of IFRS.

Keywords: Earnings Management; discretionary accruals; IFRS adoption; consumer goods firms; Nigeria (search for similar items in EconPapers)
JEL-codes: M4 M48 (search for similar items in EconPapers)
Date: 2023
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