AN ASSESSMENT OF THE CHALLENGES ON THE ADOPTION OF IFRS BY DEPOSIT MONEY BANKS
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Accounting is the language of business while financial reporting is the medium through which the language is communicated. Accounting and financial reporting are regulated by Generally Accepted Accounting Principles (GAAP) comprising of accounting standards, company law, stock market regulations, and so on. GAAP for accounting and financial reporting gives answers to dierences in business communication between countries. The global GAAP that is ...
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