Adopting IFRS : Evidence from Bangladeshi Real Estate Sector

The study examines the benefits of adopting IFRS on real estate sector by analyzing some factors that would include Method of asset valuation, Comparability, Earnings, Book value, adopting IFRS, financial performance, communication tool & convergence of accounting standard. Therefore, the purpose of this study is to investigate these factors & empirically proved the necessity to develop IFRS for real estate sector. A closed-minded questionnaire had ready for face to face interview to collect data from Employee & Employer of Real Estate Company. To analyze data, the study has used correlation matrix, KMO and Bartlett's Test, Total Variance Explained, Component Matrix, Rotated Component Matrix to measure the suitability of the variables, cross tabulation to measure the association between variables, Pearson's correlation & Fisher's exact test to tests research hypothesis. Findings reveal that depending on accounting standard used costing real estate accounting elements will vary. Adopting internationally accepted accounting standard, for example, IFRS increase comparability & financial performance. The study has found the necessity to harmonize national accounting standard & international accounting standards. It is also found that adopting IFRS increase value relevance of earnings & book value