Tag Archives: International Accounting organizations

Faculties of Thought in Accounting History and the Development of Accounting Standards in Nigeria: Historical Perspective (Published)

This study explored the history of accounting standard in Nigeria in relation to how it has evolved globally. Theories influencing the setting of accounting standard process were reviewed. The birth of the International Accounting Standard Committee in relation to the International Accounting Standard Board was discussed in an historical view. The emergence of International Financial Reporting Standard was discussed as a global focus. The study being exploratory in nature discussed the adoption and convergence of IFRS in Nigeria. The study made use of purely secondary data in order to give an historical perspective. The study concludes that accounting standard is key to the quality of financial reporting globally.

Keywords: Accounting standard-setting, Convergence of IFRS in Nigeria, Development of Accounting Standard, Historical Perspective, International Accounting organizations, and Accounting Standards Clusters.