Developing A Framework: Adoption of International Financial Reporting Standards (IFRS) and Its Implications on Organizational Performance
This study was aimed to develop a framework for adopting International Financial Reporting Standards (IFRS) and gauging its influence on Organizational Performance. The developed framework reveals that Organizational factors strongly align with Financial Reporting & Transparency and Economic &a...
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| Format: | Article |
| Language: | en |
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uthm
2024
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| Online Access: | http://eprints.uthm.edu.my/12073/1/J17670_2e800bfaa4c10a3de8a542e9f0f8732e.pdf http://eprints.uthm.edu.my/12073/ https://doi.org/10.30880/ijscet.2024.15.01.009 |
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| author | Mohammed Alshamsi, Khuloud Humaid Saeed Ahmad, Ahmad Nur Aizat |
| author_facet | Mohammed Alshamsi, Khuloud Humaid Saeed Ahmad, Ahmad Nur Aizat |
| author_sort | Mohammed Alshamsi, Khuloud Humaid Saeed |
| building | UTHM Library |
| collection | Institutional Repository |
| content_provider | Universiti Tun Hussein Onn Malaysia |
| content_source | UTHM Institutional Repository |
| continent | Asia |
| country | Malaysia |
| description | This study was aimed to develop a framework for adopting
International Financial Reporting Standards (IFRS) and gauging its influence on Organizational Performance. The developed framework reveals that Organizational factors strongly align with Financial Reporting & Transparency and Economic & Industry Impact & Global Market Presence but not with Decision-Making & Governance. however, the accounting capabilities factors are predominantly linked
to industry impact & global market presence, while top management support factors robustly connect with both industry impact & global market presence and subsequently, decision-making & governance. Conversely, readiness factors exhibit a compelling relationship across financial reporting & transparency, industry impact & global market presence, and decision-making & governance, highlighting their significant impact on organizational performance. This framework can
be applicable in organizational contexts, providing guidance for strategic decision-making and performance enhancement in the adoption of IFRS. Leveraging the identified correlations, organizations can focus on strengthening specific factors, including Organizational Readiness, accounting capabilities, Top management support, and Readiness, to enhance financial reporting, transparency, industry impact, global market presence, and decision-making processes.
Implementing targeted strategies based on these relationships may contribute to overall organizational success and sustainable growth. |
| format | Article |
| id | my.uthm.eprints-12073 |
| institution | Universiti Tun Hussein Onn Malaysia |
| language | en |
| publishDate | 2024 |
| publisher | uthm |
| record_format | eprints |
| spelling | my.uthm.eprints-120732025-04-24T03:09:32Z http://eprints.uthm.edu.my/12073/ Developing A Framework: Adoption of International Financial Reporting Standards (IFRS) and Its Implications on Organizational Performance Mohammed Alshamsi, Khuloud Humaid Saeed Ahmad, Ahmad Nur Aizat HF Commerce This study was aimed to develop a framework for adopting International Financial Reporting Standards (IFRS) and gauging its influence on Organizational Performance. The developed framework reveals that Organizational factors strongly align with Financial Reporting & Transparency and Economic & Industry Impact & Global Market Presence but not with Decision-Making & Governance. however, the accounting capabilities factors are predominantly linked to industry impact & global market presence, while top management support factors robustly connect with both industry impact & global market presence and subsequently, decision-making & governance. Conversely, readiness factors exhibit a compelling relationship across financial reporting & transparency, industry impact & global market presence, and decision-making & governance, highlighting their significant impact on organizational performance. This framework can be applicable in organizational contexts, providing guidance for strategic decision-making and performance enhancement in the adoption of IFRS. Leveraging the identified correlations, organizations can focus on strengthening specific factors, including Organizational Readiness, accounting capabilities, Top management support, and Readiness, to enhance financial reporting, transparency, industry impact, global market presence, and decision-making processes. Implementing targeted strategies based on these relationships may contribute to overall organizational success and sustainable growth. uthm 2024 Article PeerReviewed text en http://eprints.uthm.edu.my/12073/1/J17670_2e800bfaa4c10a3de8a542e9f0f8732e.pdf Mohammed Alshamsi, Khuloud Humaid Saeed and Ahmad, Ahmad Nur Aizat (2024) Developing A Framework: Adoption of International Financial Reporting Standards (IFRS) and Its Implications on Organizational Performance. INTERNATIONAL JOURNAL OF SUSTAINABLE CONSTRUCTION ENGINEERING AND TECHNOLOGY, 15 (1). pp. 112-126. ISSN 2600-7959 https://doi.org/10.30880/ijscet.2024.15.01.009 |
| spellingShingle | HF Commerce Mohammed Alshamsi, Khuloud Humaid Saeed Ahmad, Ahmad Nur Aizat Developing A Framework: Adoption of International Financial Reporting Standards (IFRS) and Its Implications on Organizational Performance |
| title | Developing A Framework: Adoption of International Financial Reporting Standards (IFRS) and Its Implications on Organizational Performance |
| title_full | Developing A Framework: Adoption of International Financial Reporting Standards (IFRS) and Its Implications on Organizational Performance |
| title_fullStr | Developing A Framework: Adoption of International Financial Reporting Standards (IFRS) and Its Implications on Organizational Performance |
| title_full_unstemmed | Developing A Framework: Adoption of International Financial Reporting Standards (IFRS) and Its Implications on Organizational Performance |
| title_short | Developing A Framework: Adoption of International Financial Reporting Standards (IFRS) and Its Implications on Organizational Performance |
| title_sort | developing a framework: adoption of international financial reporting standards (ifrs) and its implications on organizational performance |
| topic | HF Commerce |
| url | http://eprints.uthm.edu.my/12073/1/J17670_2e800bfaa4c10a3de8a542e9f0f8732e.pdf http://eprints.uthm.edu.my/12073/ https://doi.org/10.30880/ijscet.2024.15.01.009 |
| url_provider | http://eprints.uthm.edu.my/ |