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Table 5. Reliability Statistic. 4.6. Perception on the Costs and Benefits Involved in Transitioning from the Former OHADA to IFRS TN RAYE eR Merete SUE sete as Teeter Meee, RRA, Fo RATER NRG BEN AR tremens NN SA RRS Acre yey) Nene etter ee Equally, from those sampled in the study, less than half accepted that companies have understood the changes in the statistics and tax return filling, while few were indifferent. This was opposed to about 72% who disagreed that companies’ accountants understand the changes in tax return filing with the introduction of IFRS. The last aspect indicates that most of the respondents disagreed that their clients would be able to prepare their tax returns in accordance with the revised laws for the 2018 financial year. This was opposed to a few whom the study found could, and the mean value of 3.9 ona scale of 5 shows there was a strong positive correlation with the Cronbach’s alpha of 0.818 as shown in Table 5 below.

Table 5 Reliability Statistic. 4.6. Perception on the Costs and Benefits Involved in Transitioning from the Former OHADA to IFRS TN RAYE eR Merete SUE sete as Teeter Meee, RRA, Fo RATER NRG BEN AR tremens NN SA RRS Acre yey) Nene etter ee Equally, from those sampled in the study, less than half accepted that companies have understood the changes in the statistics and tax return filling, while few were indifferent. This was opposed to about 72% who disagreed that companies’ accountants understand the changes in tax return filing with the introduction of IFRS. The last aspect indicates that most of the respondents disagreed that their clients would be able to prepare their tax returns in accordance with the revised laws for the 2018 financial year. This was opposed to a few whom the study found could, and the mean value of 3.9 ona scale of 5 shows there was a strong positive correlation with the Cronbach’s alpha of 0.818 as shown in Table 5 below.

Related Figures (8)

Figure 1. Occupation of the respondents (Source: developed purposely for this research).
Figure 1. Occupation of the respondents (Source: developed purposely for this research).
Source: Developed purposely for this research. Table 1. Distribution of respondents by number of years of experience.
Source: Developed purposely for this research. Table 1. Distribution of respondents by number of years of experience.
Source: Developed purposely for this research. Table 2. Respondents’ views on comparability and transparency of financial statements.
Source: Developed purposely for this research. Table 2. Respondents’ views on comparability and transparency of financial statements.
Table 3. Reliability Statistics. Furthermore, 49 respondents agreed that the implementing of IFRS would increase the ability to understand financial statements. As well, 48 respondents (96%) strongly agreed that there was a higher quality of disclosure in financial statements presented in accordance with IFRS than under the former OHADA Unfirom Accounting Act. Forty-six people (92.0%) agreed that the financial statements were directly comparable to national and international companies, while 4 (8%) disagreed with this. In a nutshell, the mean value of 4.58 on a scale of 5 shows there was a strong positive correlation with the statement with the Cronbach alpha of 0.842 as shown in Table 3 below.
Table 3. Reliability Statistics. Furthermore, 49 respondents agreed that the implementing of IFRS would increase the ability to understand financial statements. As well, 48 respondents (96%) strongly agreed that there was a higher quality of disclosure in financial statements presented in accordance with IFRS than under the former OHADA Unfirom Accounting Act. Forty-six people (92.0%) agreed that the financial statements were directly comparable to national and international companies, while 4 (8%) disagreed with this. In a nutshell, the mean value of 4.58 on a scale of 5 shows there was a strong positive correlation with the statement with the Cronbach alpha of 0.842 as shown in Table 3 below.
Source: Developed purposely for this research. Table 4. Respondents’ view on the extent of the implementation of International Financial Reporting Standards (IFRS) in Cameroon.
Source: Developed purposely for this research. Table 4. Respondents’ view on the extent of the implementation of International Financial Reporting Standards (IFRS) in Cameroon.
Source: Developed purposely for this research. Table 6. Respondents’ perceptions of the costs and benefits involved in transitioning from the Organisation for the Harmonisation of Business Laws in Africa (OHADA) GAAP to IFRS.
Source: Developed purposely for this research. Table 6. Respondents’ perceptions of the costs and benefits involved in transitioning from the Organisation for the Harmonisation of Business Laws in Africa (OHADA) GAAP to IFRS.
Table 7. Reliability Statistics. Moreover, the IFRS requires too much disclosure of financial information, which was troublesome according to 25 (50%) respondents, besides the fact that implementation of IFRS would require significant changes in various existing laws. The mean value of 2.5 on a scale of 5 shows there was a positive correlation stipulated by the statement. IFRS recommends the application of the fair value concept, which is generally difficult to apply.
Table 7. Reliability Statistics. Moreover, the IFRS requires too much disclosure of financial information, which was troublesome according to 25 (50%) respondents, besides the fact that implementation of IFRS would require significant changes in various existing laws. The mean value of 2.5 on a scale of 5 shows there was a positive correlation stipulated by the statement. IFRS recommends the application of the fair value concept, which is generally difficult to apply.
Source: Developed purposely for this research. Table 8. Hypothesis testing results.
Source: Developed purposely for this research. Table 8. Hypothesis testing results.
Related topics:
BusinessAccountingBusiness TaxationFinancial Risk ManagementFinancial Accounting and ReportingSocial and Enviromental AccountingBusiness in Cameroon
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