Start Submission Become a Reviewer

Reading: The Impact of IFRS Adoption on Quality of Accounting Information: Evidence from Sri Lanka

Download

A- A+
Alt. Display

Articles

The Impact of IFRS Adoption on Quality of Accounting Information: Evidence from Sri Lanka

Authors:

T. G. Yasas,

University of Kelaniya, LK
About T. G.
Department of Accountancy
X close

H. A. P. L. Perera

University of Kelaniya, LK
About H. A. P. L.
Department of Accountancy
X close

Abstract

The aim of this study is to examine the effect of International Financial Reporting Standards (IFRS) adoption on quality of accounting information in terms of value relevance of listed manufacturing companies in Colombo Stock Exchange. At present, countries are mandated or permitted to apply IFRS in preparation of their financial statements. There are many studies available on IFRS adoption internationally. However, there is no clear evidence that IFRS adoption enhances the quality of accounting information pertaining to Sri Lankan context. This study employs 29 listed manufacturing companies with both pre-IFRS (2009-2011) and post-IFRS (2013-2015) information. Data were analyzed using multiple regression method. Results showed that value relevance of accounting information has not significantly improved in the post-IFRS period than the pre-IFRS period. Further studies are encouraged to conduct on investigating the impact of IFRS adoption on the quality of accounting information by expanding the sample size.
How to Cite: Yasas, T.G. and Perera, H.A.P.L., 2019. The Impact of IFRS Adoption on Quality of Accounting Information: Evidence from Sri Lanka. Kelaniya Journal of Management, 8(1), pp.21–36. DOI: http://doi.org/10.4038/kjm.v8i1.7566
Published on 19 Jul 2019.
Peer Reviewed

Downloads

  • PDF (EN)

    comments powered by Disqus