Financial reporting for non-current and current assets under national GAAP and global IFRS for SME. Evidence from Ghana

Patience Ofori

Master's thesis

Abstract:

The general objective of the study is to identify the impact of financial reporting for Non-current and Current Assets, under the Ghana Accounting Standards (GAS/GAAP), and the global IFRS, on the performance of a chosen SME from Ghana; and to identify the merits and demerits of both framework and to make recommendations for their further revision. The specific objectives includes the following: • Financial reporting for Non-Current and Current Assets under global IFRS for SMEs • The former state of Financial reporting for Non-Current and Current Assets under the Ghana Accounting Standards (GAS/GAAP) • Financial reporting for Non-Current and Current Assets in a chosen SME in Ghana • The pros and Cons of both reporting frameworks and a set of recommendations for their further revision

Abstract:

The general objective of the study is to identify the impact of financial reporting for Non-current and Current Assets, under the Ghana Accounting Standards (GAS/GAAP), and the global IFRS, on the performance of a chosen SME from Ghana; and to identify the merits and demerits of both framework and to make recommendations for their further revision. The specific objectives includes the following: • Financial reporting for Non-Current and Current Assets under global IFRS for SMEs • The former state of Financial reporting for Non-Current and Current Assets under the Ghana Accounting Standards (GAS/GAAP) • Financial reporting for Non-Current and Current Assets in a chosen SME in Ghana • The pros and Cons of both reporting frameworks and a set of recommendations for their further revision

Keywords

International Financial Reporting Standard, Current Assets, Non–current Assets, International Accounting Standards, Ghana Accounting Standards

Language used: English

Date on which the thesis was submitted / produced: 27. 7. 2020

Thesis defence

• Date of defence: 10. 9. 2020
• Supervisor: Ing. Oleksandra Lemeshko
• Reader: Ing. Bc. Jana Hvozdenská, Ph.D.

Masaryk University

Faculty of Economics and Administration

Master programme / field:
Finance and Accounting / Finance (Eng.)