Chapter 2 Research Methodology of Oman Chamber of Commerce

        Both types of the data is used to conducting the research study as secondary and primary data. The research design for the current research focus on the secondary and it can be used for researching the implementation of the IFRS in the Oman chamber of commerce to record higher financial transactions. Through considering various pieces of literature there could be the analysis of the Oman chamber of commerce have been conducted to measuring the implementation of the IFRS in this chamber.  The secondary analysis can lead the research project accordingly because there is the consideration of the data that is reliable and has its significance. The secondary analysis helps the current research to study previous researchers and find the answers to the present research or the questions that are made for the analysis. This research considers Oman Chamber of Commerce so the researchers that considered for this are conducted by the other researchers (Ríos & Campo, 2013). The primary data is taken from the interviews questioners and the several observation of the stake holders of the Oman chamber of the Commerce.

Research methods of Oman Chamber of Commerce

            The both type of the research method is used to conducting this research study as qualitative and quantitative research study. The qualitative research study leads toward the literature of the research study. The understanding of the fundamental opinions can be attained from the qualitative. It also gives the reason for developing the new and innovative ideas of the research and this technique is considered as the best match for quantifying the ideas, opinions, and behaviors. For measuring the research problem the quantitative technique is used for generating the numerical data. It is also used for transforming it to the useable statistics. The statistical and numerical data can be emphasized by using this technique (Zikmund, 2013). It can be seen that with the help of numerical data question and the research problems can be easily solved with the help of quantitative research method. Also in the qualitative research method the results that has been achieved can be compared easily and then after this they are summarized with the help of other past studies.

        The quantitative data is used in this research for collecting as evident or proof of the more authentic techniques for conducting the research related to the implementation of the IFRS at Oman chamber of Commerce. Moreover it is stated by the author the quantitative techniques are considered as major trend for the small business research. In addition this method is considered as appraised related to more concerned with measurement analysis for evaluating the enhancement.

Sampling Design of Oman Chamber of Commerce  

            The simple random sampling techniques is used for conducting the research study. The data is collected from the stake holders of the Oman chamber of commerce related to the implementation and adoption of the IFRS. The sample is 100 stake holders of the Oman chamber of Commerce who are linked with this organization by any means of communication. 

Data collection methods of Oman Chamber of Commerce

            The data is collected through the questionnaires for this research and the two type of population are used in this research in which includes internal and external stake holder of the Oman chamber of commerce which are accounts and finance departments.  For conducting the quantitative data the questioners are filled from the internal stake holder and these are the all employees of the department accounts and finance who are used to for IFRS. To collecting the data the self-administrated questionnaire has been distribute to the stake holders of the Oman chamber of Commerce. There are the several methods for collecting the data from the respondent of the research study as the mangers but survey method is chosen for the research study. Because survey is best method for analyzing the questionnaire in effective manners. All the respondent will be ensured by providing them Confidentiality statement, Data protection statement, Anonymity statement and Right to end or refuse statement on the top of the questionnaire which will be the part of the research as well in appendix section. The data will be collect according to the ease and convieincoes of the managers who are the respondent for this study.

References of Research Methodology of Oman Chamber of Commerce

ALJAAIDI, K. S. Y., 2013. CORPORATE GOVERNANCE AND AUDITOR CHOICE AMONG COMPANIES IN GCC COUNTRIES, MALAYSIA: UNIVERSITI UTARA MALAYSIA.

Peace, 1. M. et al., 2016. INTERNATIONAL FINANCIAL REPORTING STANDARDS FOR SMALL AND MEDIUM ENTERPRISE (IFRS FOR SMES) AND THE STATEMENT OF ACCOUNTING STANDARDS (SAS): A COMPARATIVE STUDY. International Journal of Finance and Accounting, pp. 79 - 94.

Ríos, V. R. & Campo, E. P. d., 2013. Business Research Methods: Theory and Practice. s.l.:ESIC Editorial.

Service, T. N., 2016. Adoption of new accounting standards to pose challenges for local companies. [Online]
Available at: https://timesofoman.com/article/98504

Zikmund, W. G. B. B. J. C. J. C. &. G. M., 2013. . Business research methods.. s.l.:Cengage Learning.