Title

A study on the early application of international financial reporting standards of selected listed banks in the Philippines: Its benefits and other effects

Added Title

Study on the early application of international financial reporting standards

Date of Publication

2016

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Accountancy

College

Ramon V. Del Rosario College of Business

Department/Unit

Accountancy

Defense Panel Member

Nimpha M. Aquino

Carmelita C. Clerigo

Abstract/Summary

This study focused on determining what early adoption of newly issued or amended standards brings to banks. Data collection was done by gathering a list of listed banks in the Philippines that have early applied IFRS 9 from 2009 to 2015. Data from the financial statements of these banks were used to determine relevant financial ratios that may have been affected as a result of the early application of IFRS 9. Benefits and other effects were determined through comparative analyses among the early adopters. Paired T-tests were conducted to determine whether the changes that have been found are significant to the banks. To further substantiate these benefits and other effects, interview with the key personnel of early adopting banks were conducted. Upon doing so, the respondents found out that early adoption benefited several banks as it had helped them in complying with banking regulations. In addition to that, early adoption also aided banks in better aligning management's strategies with their operations or business transactions.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU18992

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

x, 132 leaves : illustrations ; 28 cm. + 1 computer disc ; 4 3/4 in.

Keywords

Financial statements--Standards--Philippines; Financial statements--Standards

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