Faboyede, Olusola Samuel and Mukoro, D. O. and lyoha, F. O. and Odafen, Aiwanose Hannah (2014) THE IMPACT OF EXTENSIBLE BUSINESS REPORTING LANGUAGE EDUCATION AND ADOPTION OF STOCK EXCHANGE DEVELOPMENT: A FOCUS ON NIGERIA. In: Busiess and Applied Scieces Academy of North America.
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Abstract
The growing need for widely available and easily accessible financial information in the financial markets has prompted the necessity for the knowledge and adoption of Extensible Business Reporting Language (XBRL) as the standard format for presenting financial reports across the globe. The impact of an efficient information distribution system like the Extensible Business Reporting Language (XBRL) could help protect creditors, make cross border relations more secure and support the competitiveness of financial markets This study aims at investigating the impact of the possible learning and adoption of Extensible Business Reporting Language (XBRL) in the Nigerian Stock Exchange. The data used for this study were gathered through the instruments of a questionnaire and secondary sources. One hundred and Fifty (150) copies of a questionnaire were administered, out ofwhich one hundred and thirty-one (131) were collated for analysis. To achieve the objectives of this study, three hypotheses were formulated from the structure of research questions. Kruskal-Wallis and descriptive statistical tools were used in testing these hypotheses. Findings show that environmental factors and problems in the Nigerian Stock exchange will affect the learning and implementation of XBRL in the Stock Exchange as well as the fact that certain infrastructure must be put in place before the implementation of XBRL. Based on these findings, the study recommends that the Federal government should announce and compel the educational awareness and adoption of XBRL as a format for regulatory filing and financial reporting in the Nigerian Stock Exchange.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Uncontrolled Keywords: | XBRL, Nigerian Stock Exchange, Education, Information, Development |
| Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Social Sciences |
| Depositing User: | Mrs Hannah Akinwumi |
| Date Deposited: | 12 Mar 2015 00:25 |
| Last Modified: | 12 Mar 2015 00:44 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/3845 |
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