Abstract
This study investigates the impact of adopting International Financial Reporting Standards (IFRS), financial reporting quality, and financial reporting education on the performance of listed Small and Medium Enterprises (SMEs) in Lagos State, Nigeria.A primary data were used for this study. The research design was a survey research design, and a well structured questionnaire was employed to gather the data.The findings reveal significant positive impacts. IFRS adoption positively influences SMEs performance in Lagos State (β = 2.027; p < .05). and there exists a significant positive relationship between financial reporting quality and SMEs performance (β = 1.991; p < .05). Additionally, the current level of financial reporting education among SME owners significantly impacts their business performance (β = 2.159; p < .05).The study recommends proactive measures such as promoting IFRS adoption and implementing financial reporting education programs tailored for SME owners.These initiatives are anticipated to enhance transparency, facilitate informed decision-making, and improve overall business performance.
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