The effect of using fair value accounting in activating the Iraqi stock market (A field study on companies registered in the Iraqi market for financial markets)

Abstract

The study aims to know the reflection of the application of fair value accounting on revitalizing the market and increasing its efficiency through the opinions of preparers, analysts, and users of financial information for companies listed on the Iraqi Stock Exchange. The research provided a framework of knowledge for the concept of fair value and its importance in the stock market based on the descriptive analytical approach by preparing a questionnaire prepared for this matter. Furthermore, A random sample was selected that includes a group of specialists in the aspects of financial analysis and investment, and the conclusion that was reached is the existence of a relationship of using fair value accounting by companies registered in the Iraqi Stock Exchange and increasing the market capitalization of the market.

The Impact of IFRS 9 Compliance on Financial Statement Outputs: An Exploratory Study of a Sample of Commercial Banks

“…One of the primary reasons for the financial collapse of international banks is the lack of management's knowledge of correct accounting practices, failure to apply control and supervision rules, lack of experience and skill, and a lack of interest in adhering to accounting standards that ensure disclosure and transparency (Sakanga, V. I. et al, 2020). Additionally, accounting information often fails to reflect the true prevailing financial conditions of economic units due to various factors (Abdul Rahman, M. R. C. 2016; Rahma, N. et al, 2022). These include the lack of attention to accounting measurement models, tampering, fraud, accounting errors, hidden internal information, deception, and low ethics in the management of some professional organizations.…”