IFRS DISCLOSURE AND PERFORMANCE OF LISTED FIRMS IN NIGERIA

This study examined impact of IFRS disclosure financial reporting standards and disclosure on organization’s performance. Secondary data obtained from annual reports of listed organization for ten years (2011-2020) was analyzed. Regression analysis was used in order to check the relationship between the variables. Findings indicate that there was a statistically significant relationship between cash flow and organization’s performance in financial reporting, Earnings per share impacted organization’s performance negatively. The variables NCF, EPS, ROE caused a variation of 98.2% in organizational performance as disclosure during financial reporting. Therefore, the results showed that financial reporting standards have significant influence on organizational performance. It recommended that managers’ voluntary and fuller disclosure for the purpose of obtaining capital from investors but also because financial reporting disclosure of information increases transparency and accountability and reliability in annual reports.