Mountain Top University Library

International Financial Reporting Standard (IFRS) are a set of international accounting standards stating how particular types of transaction and other events are to be carried out and reported in the financial statement. The study seek to examine the impact of IFRS on the performance of quoted consumer goods companies in Nigeria by establishing the performance before and after IFRS adoption. For the study an ex-post facto research design was adopted. Secondary data from the audited financial statements of 10 listed consumer goods companies were obtained for a period of 16 years (2004-2019) divided into eight (8) years before IFRS adoption and eight (8)years after IFRS adoption. The data were analysed using the paired T-test (to determine the differences in means in the Pre-IFRS adoption and Post-IFRS adoption period) and multiple regression analysis was used (to determine the relationship between a single dependent variable(market price per share) and three independent variables (EPS, P/E Ratio and DIY) in respect ofhypothesis 4). Based on the Findings of this study, IFRS adoption has a significant incremental
value on the earnings per share of listed consumer goods companies in Nigeria, the studyalsofound that Corporate performance has significant impact on stock prices of listed consumer goods companies in Nigeria, also, it was discovered that IFRS adoption has significant negative impact on the dividend yield of listed consumer goods companies in Nigeria, finally the study found that IFRS adoption has no significant incremental value on the price-earnings ratios of listed consumer goods companies in Nigeria. This study concludes that the adoption of IFRS enhances Firms values and corporate performance. The study recommends that there should be an increase in the level of awareness on the benefits of adopting IFRS among investors and shareholders.