The Comparability of Pre and Post Adoption IFRS in Nigeria Insurance Companies
SOYE, YINKA AUGUSTINE & RAJI, OLADEINDE AKEEM
Department of Insurance, The Federal Polytechnics Ilaro, Ogun State, Nigeria
Department of Insurance, The Federal Polytechnics Ilaro, Ogun State, Nigeria
E-mail: yinkaaugustine@yahoo.com
ABSTRACTThe study is carried out to measure the comparability of pre and post adoption IFRS in Nigeria insurance companies. ROA, ROE, DEBTRATIO, SIZE of company, GROWTH and ESP were selected as performance criterion for ten insurance companies in Nigeria. Data were collected (2007-2014) and divided into pre (2007-2010) and post (2011 2014) IFRS- Paired-Samples T-tests and f-test at 5% significance level was done to ascertain influence of pre and post IFRS adoption into insurance companies. Findings show that differences on the performance of the selected companies between Pre and Post IFRS periods are significant. The study affirmed a strong correlation between adoption of IFRS and performance of insurance companies in
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