THE IMPORTANCE OF APPLYING INTERNATIONAL ACCOUNTING STANDARDS IN REDUCING PROFIT MANAGEMENT PRACTICES - APPLIED STUDY ON A SAMPLE OF PRIVATE BANKS IN IRAQ
THE IMPORTANCE OF APPLYING INTERNATIONAL ACCOUNTING STANDARDS IN REDUCING PROFIT MANAGEMENT PRACTICES - APPLIED STUDY ON A SAMPLE OF PRIVATE BANKS IN IRAQ
Author(s): Fedaa Abd Almajid Sabbar, Thamer Mahdi Muhamed Sabri, Abbas Naser Saadoon AlmshabbkSubject(s): Supranational / Global Economy, Business Economy / Management, International relations/trade, Policy, planning, forecast and speculation, Financial Markets, Accounting - Business Administration
Published by: Editura Universitaria Craiova
Keywords: International standards; profit management; application; reducing;
Summary/Abstract: In light of the changes witnessed in the global economy, and the need for investors to find understandable financial statements that assist them in making investment decisions, it becomes important and necessary to apply international accounting standards that contribute to providing specific characteristics of information of the financial statements, such as accountability, transparency and comparability, and enhance the quality of accounting information of the financial statements. However, the requirements of applying these standards through the use of judgments, estimates and changes in the financial reports in terms of numbers and supply, allows the management of companies and banks in the field of discretion and the use of accounting estimates and choices to affect the information in the financial statements based on their personal interests. This represents the so-called management of profit phenomenon.
Journal: Revista tinerilor economişti
- Issue Year: 2019
- Issue No: 32
- Page Range: 20-32
- Page Count: 13
- Language: English