An Investigation Into The Benefits And Challenges Of International Financial Reporting Standards (ifrs) Adoption And Implementation Amongst Small And Medium Enterprises In Kumasi Metropolis

ABSTRACT This paper provides empirical evidence regarding the perceived investigation into the benefits and challenges of international financial report standard adoption and implementation amongst small and medium enterprises in Kumasi metropolis. The Ghanaian financial reporting framework is keeping pace with the global development due to the globalization of the world’s economy and markets led companies and nations to become world global players. Thus, as a result, Ghana made preparation and effectively launched the International Financial Reporting Standards (IFRS) on January 23, 2007 and…