IFRS implementation readiness.pdf - ST MARY`S UNIVERSITY...

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ST. MARY`S UNIVERSITY SCHOOL OF GRADUATE STUDIES IFRS IMPLEMENTATION READINESS IN ETHIOPIA: THE CASE OF PRIVATE COMMERCIAL BANKS BY ABEL ABAYNEH SHIFERAW JUNE, 2017 ADDIS ABABA, ETHIOPIA
IFRS IMPLEMENTATION READINESS IN ETHIOPIA: THE CASE OF PRIVATE COMMERCIAL BANKS BY ABEL ABAYNEH ID: MBAAF/0412/2008A A THESIS SUBMITTED TO ST.MARY’S UNIVERSITY SCHOOL OF GRADUATE STUDIES IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MBA IN ACCOUNTING AND FINANCE ADVISOR: HABTAMU BERHANU (PhD) JUNE, 2017 ADDIS ABABA, ETHIOPIA
ST MARY`S UNIVERSITY SCHOOL OF GRADUATE STUDIES MBA IN ACCOUNTING AND FINANCE IFRS IMPLEMENTATION READINESS IN ETHIOPIA: THE CASE OF PRIVATE COMMERCIAL BANKS BY ABEL ABAYNEH APPROVED BY BOARD OF EXAMINERS __________________________ _______________ DEAN, GRADUATE STUDIES SIGNATURE _____________________ _______________ RESEARCH ADVISOR SIGNATURE ______________________ ______________ INTERNAL EXAMINER SIGNATURE _______________________ ______________ EXTERNAL EXAMINER SIGNATURE
I DECLARATION I, Abel Abayneh hereby declare that ―IFRS imple mentation readiness in Ethiopia: the case of private commercial banks‖ is my own work, that it has not been submitted for any degree or examination at any other institution of higher learning in Ethiopia, and that all references have, to the best of my knowledge, been correctly reported. This study is being submitted for the partial fulfillment of master degree in Accounting and Finance at St Mary`s university graduate studies. Full name: Abel Abayneh Signature___________________ . Date_______________________ Advisor: Habtamu Berhanu (PhD) Signature __________________ Date_____________________
II ACKNOWLEDGMENTS First and foremost, I thank the Almighty God for his support and protection in all aspects of my life. It is an accepted fact that nothing constructive could be achieved alone. I would like to express my sincere gratitude to my advisor Habtamu Berhanu (Phd), for his guidance and valuable suggestion. I also appreciate the support given by the staffs of all private banks head offices' administrators and managers except Abyssinia bank S.C and Debub global bank S.C for their willingness and cooperation by providing the questionnaire to IFRS implementation team of their bank and staffs of AABE. At last but not least, I would like to thank W/ro Nardos Hirui for her continuous encouragement and constructive suggestions, my family and friends for their unconditional support.
III TABLE OF CONTENTS DECLARATION ............................................................................................................................. I ACKNOWLEDGMENTS .............................................................................................................. II TABLE OF CONTENTS .............................................................................................................. III LIST OF ACRONYMS ................................................................................................................ VI FIGURES AND TABLES ........................................................................................................... VII ABSTRACT ............................................................................................................................... VIII Chapter One .................................................................................................................................... 1 1. Introduction ............................................................................................................................. 1 1.1. Background of the study ............................................................................................................... 1 1.2. Statement of the Problem .............................................................................................................. 3 1.3. Research Questions ....................................................................................................................... 4 1.4. Objectives of the Study ...................................................................................................................... 4 1.4.1. General Objective ....................................................................................................................... 4 1.4.2. Specific Objectives ..................................................................................................................... 5 1.5. Significance of the Study .............................................................................................................. 5 1.6. Scope of the Study ............................................................................................................................. 5 1.7. Limitation of the study ....................................................................................................................... 6 1.8. Organization of the Study .................................................................................................................. 6 Chapter Two .................................................................................................................................... 7 2. Literature Review ........................................................................................................................ 7 2.1. Introduction ........................................................................................................................................ 7 2.2. Overview of IFRS .............................................................................................................................. 7 2.3. Theories of Organizational Readiness for Change ............................................................................. 9 2.3.1. Intra Organizational Variability .......................................................................................... 10 2.3.2. Determinants and Outcomes of Organizational Readiness for Change .............................. 10 2.4. Previous Accounting and IFRS Practice In Ethiopian Financial Institutions ............................. 14 2.5. Recent Ethiopian Financial Reporting Proclamation .................................................................. 15 2.5.1.

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