A Study of International Financial Reporting Standards (IFRS) Implementation in Indonesia: The Preparers' Perspectives
Journal Title: GATR Global Journal of Business & Social Science Review - Year 2016, Vol 4, Issue 1
Abstract
Objective - This study is intended to explore the factual information; cost of implementation; general impact of implementation; progress to date; operational and strategic decision taken by management; implementation and impact of individual standards; and general other related to IFRS implementation in Indonesia by comparing before and after IFRS implementation. Methodology/Technique - Data were collected by using content analysis from annual reports of manufacturing companies listed in the Indonesian Stock Exchange and analyzed by using SPSS. Findings - Statistical analysis showed that in Indonesia, the average number of pages that reveal category of operational and strategic decision taken by management; implementation and impact of individual standard; and general other differ between before and after the implementation of IFRS, but not for factual information and general impact of information. In addition, there is a significant difference in the average of number of listed manufacturing companies report category of progress to date; operational and strategic decision taken by management; and general other between before and after the implementation of IFRS-based Financial Statements. Novelty - Findings of this research can serve as a guideline for companies in Indonesia and other developing countries in implementing the IFRS. The findings will also contribute to the knowledge and application of Financial Accounting System and Accounting Theory.
Authors and Affiliations
Asniati Bahari, Suhernita . , Elvira Luthan, Efa Yonnedi
Keywords
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