THE EFFECT OF CONSTRAINT AND PREPAREDNESS ON IMPLEMENTATION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)

FITRIASURI, FITRIASURI (2022) THE EFFECT OF CONSTRAINT AND PREPAREDNESS ON IMPLEMENTATION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS). THE EFFECT OF CONSTRAINT AND PREPAREDNESS ON IMPLEMENTATION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS).

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Abstract

This study is aimed to determine the effect of constraint and preparedness factor in the implementation of International Financial Reporting Standard (IFRS). IFRS now is very important for organization in several ways i.e., internationalization, and help the institution dealing global competition. However, in practice there are many obstacles that need to be overcome and some preliminary steps need to be conducted. The object of this research is academics in the field of accounting that take part indirectly in the process of IFRS Implementation through preparing university graduates to be professional accountant. A number of questions are asked regarding the issues that inhibit the IFRS Implementation and the preparedness of the academics to adopt IFRS and the progress of IFRS implementation. The result of this study shows that, first the constraints have a significant effect on the IFRS implementation. These factors are cultural differences, the rule of law and limited number of human resources that are competent enough to adopt IFRS. Second, the preparedness of the institutions to implement IFRS also has a very significant effect. Authors found that good IFRS teaching materials and training are required by IFRS lectures. In addition, the authors found that not all course material are based on IFRS. It can be concluded that constraints and preparedness simultaneously affect the IFRS implementation.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mr Edi Surya Negara
Date Deposited: 16 Jun 2022 01:33
Last Modified: 16 Jun 2022 01:33
URI: http://eprints.binadarma.ac.id/id/eprint/11188

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