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Understanding the tax implications of IFRS adoption will be important for finance and tax officers to consider - if they would like to help support appropriate tax results for their organization existence and operations. There is an absence or limited empirical study on the tax implications for the adoption of International Financial Reporting Standards (IFRS) particularly in Ghana. In response, there is the need for a study that will examine the impact of post-IFRS adoption on corporate income taxation elements in Ghana, examine the tax (IAS 12) disclosure quality levels of Ghanaian listed companies before and after adopting IFRS, and provide recommendation on how to manage the implication of IFRS adoption on corporate taxations. The main aim of this book is therefore to examine the tax implications for the adoption of International Financial Reporting Standard (IFRS) reporting in Ghana using financial statements (annual reports) over the period 2007 to 2008 and provide recommendation for managing such implications.