Journal
Metropolitan Journal of Academic Multidisciplinary Research
MJAMR
Relationship Between Financial Reporting Standards And The Financial Performance Of Centenary Bank Kassanda
Kansiime Sarah, Kabanda Richard
| Journal | Metropolitan Journal of Academic Multidisciplinary Research (MJAMR) |
| Volume / Issue | Vol. 4, No. 12 |
| Published | 31 December 2025 |
| ISSN | 3006-4384 |
Abstract
The study investigated the relationship between financial reporting standards and financial performance of Centenary Bank Kassanda branch in Uganda. Utilizing a descriptive correlational research design, data was collected from 76 respondents through structured questionnaires and document analysis, then analyzed using SPSS version 25. The findings revealed a significant positive relationship (r=0.698, p<0.01) between adherence to financial reporting standards and financial performance. The study concluded that comprehensive compliance with International Financial Reporting Standards (IFRS) substantially enhanced financial transparency, stakeholder confidence, operational efficiency, and overall financial performance. Recommendations included strengthening internal audit mechanisms, investing in continuous professional development for accounting staff, adopting advanced financial reporting software, and establishing robust monitoring frameworks to ensure sustained compliance with evolving financial reporting standards.
Keywords
Financial reporting standards
IFRS
financial performance
profitability
banking sector
Cite This Article
Kansiime Sarah & Kabanda Richard (2025). Relationship Between Financial Reporting Standards And The Financial Performance Of Centenary Bank Kassanda. Metropolitan Journal of Academic Multidisciplinary Research, 4(12). https://journals.miu.ac.ug/pages/article.php?article_id=525
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