Eureka! Institutional Repository

In a rapidly changing environment, businesses and organizations are using all their strength to adapt to social, economic and technological developments. Everyday actions in the business world are still at stake for future competitiveness and efficiency or the opposite. The philosophy and culture for a more organized, transparent, modernized and efficient way of working starts from a very long time ago, where every era has a more progressive tool to introduce to ensure more optimal results. Under this condition information systems were the first to promise optimal and reliable solutions. Therefore, many businesses in the context of upgrading still today have an inextricably linked relationship with information technology. With this idea as a starting point, the implementation of this study began, which introduces the concept of International Financial Reporting Standards (IFRS) to businesses as a trigger for a more reliable, transparent, efficient, effective and organizational solution. On the other hand, the large amount of information is quite difficult to manage, while if it happens, it is quite difficult to ensure zero errors. As a case study I focused on public hospital units, as it is an industry where there is a lack of research on IFRS and ensuring efficiency through them. Through the statistical analysis I conducted, the results showed a positive sign between the efficiency and effectiveness of public hospitals from the long-term use of IFRS. At the short-term level, no strong changes were observed.