Original Research Article | OPEN ACCESS
IFRS and Timely Loss Recognition of Listed Deposit Money Banks: A Nigerian Experience

Theresa Ekpe Oto1 , Patience Ote Ola2,

Department of Accounting, Faculty of Management Sciences, Benue State University, Makurdi.;

For correspondence:-  Theresa Oto   Email: toto@bsum.edu.ng

Received: 30/08/2023        Accepted: 02/12/2023        Published: 30 December 2023

Citation: Oto TE, Ola PO, IFRS and Timely Loss Recognition of Listed Deposit Money Banks: A Nigerian Experience. Account Tax Rev 2023; 7(4):1-10 doi:

© 2023 The authors.
This is an Open Access article that uses a funding model which does not charge readers or their institutions for access and distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0) and the Budapest Open Access Initiative (http://www.budapestopenaccessinitiative.org/read), which permit unrestricted use, distribution, and reproduction in any medium, provided the original work is properly credited..


Abstract This paper investigates the effect of the International Financial Reporting Standards (IFRS) adoption on timely loss recognition of listed Deposit Money Banks (DMBs) in Nigeria using an ex-post facto research design. A sample of 12 listed DMBs was used. The data on timely loss recognition was extracted from the audited financial statements of the sampled banks for the period under investigation (2006 to 2020) to cover the pre and post-IFRS adoption period. The findings revealed a decline in timely loss recognition. The implication is that the adoption of IFRS has not improved accounting information quality as measured by timely recognition of losses.

Keywords: Timely loss recognition, accounting information quality, IFRS, Nigeria

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