Project Report

IMPACT OF APPLICATION OF INTERNATIONAL ACCOUNTING STANDARD 41 ON QUALITATIVE CHARACTERISTICS OF ACCOUNTING INFORMATION: A grimace OF SUGAR MANUFACTURING FIRMS IN WESTERN REGION OF KENYA. BY DANIEL VANGU NGUMBAO A jump out SUBMITTED IN PARTIAL FULFILLMENT OF REQUIREMENTS FOR THE DEGREE OF MASTER OF dividing line ADMINISTRATION DEPARTMENT OF ECONOMICS AND BUSINESS STUDIES MASENO UNIVERSITY © 2009 ABSTRACT The sugar manufacturing sector is a vital component of the Kenyan economy, and an economic headstone for the Western region of Kenya. The sector offers employment both nowadays and indirectly to a vast majority of the resident cosmos in the region. The increasing relevance of fair measure out as measurement adverse to historical cost lead to the main(prenominal) chronicle standard setting body to put in place guidelines and provisions for its determination.The IASB issued IAS 41 Agriculture, which specifically addresses the fair value measurement of biological assets and agricultural goods.

The introduction and implementation of IAS 41 brought about disparities in practices of implementation, threatening the production of Financial Statements that argon useful to investors, insurers, suppliers, customers, lenders, government and their agencies and the public for decision making. The overall objective of the study was to examine the impact of application of International accounting Standard 41 on qualitative characteristics of accounting discipline in sugar manufacturing firms in Western component part of Kenya. specifically the study proposed to explore the extent to which IAS 41 was applied in determining fair value of sugar cane plants and ratoons and to destine the effects of application of IAS 41 on qualitative characteristics of accounting information in sugar companies in Western Region of Kenya. The research was an exploratory study. The study surveyed the (8) eight sugar manufacturing firms found in Western Region of Kenya. The research used cross-sectional... If you requisite to get a full essay, order it on our website: Orderessay

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