ACCOUNTING FOR BIOLOGICAL ASSETS AND AGRICULTURAL PRODUCE: DETERMINANTS OF COMPLIANCE WITH IAS 41 DISCLOSURES BY LISTED AGRICULTURAL FIRMS IN NIGERIA
Journal Title: Gusau Journal of Accounting and Finance - Year 2021, Vol 2, Issue 1
Abstract
The study investigated the impact of some firm specific attributes on compliance with International Accounting Standard (IAS) 41 of all 5 listed agricultural firms in Nigeria from 2012 to 2019. The study used secondary source of data collected from annual reports published by the firms and the data was analyzed using multiple regression. Findings from the study showed that biological assets intensity and firm size are positively and significantly related to compliance with IAS 41 disclosures, while leverage is negatively and significantly related to compliance with IAS 41 disclosures. Based on the findings the study recommends that listed agricultural firms should increase their biological assets as this leads to increase in compliance with international accounting standard issued by IASB to enhance the value of the firms. The firms should also make their capital structure less geared with focus more on equity than debts as more leverage leads to decrease in compliance with the standard. Furthermore, as much as possible, firms should enlarge the size of their firms as this leads to higher level of compliance with IAS 41 disclosures.
Authors and Affiliations
Muhammad Mustapha Bagudo, Muhammad Yusuf Shuaibu
Keywords
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