The effect of accounting for fair value in accordance with International Accounting
Standard 13 on the value of the company Analytical study of the views of a sample
of banks included in the Iraq Stock Exchange
Prof. Dr. Qasim Muhammad Abdullah Al-Baaj
Abdul Karim Abdul Kazem Abdul Redha Al-Amrani
Al-Qadisiyah University / College of Administration and Economics
| Corresponding Author: Abdul Karim Abdul Kazem Abdul Redha Al-Amrani |
| Abstract: Because there is a deficiency in the use of scale historical cost that has been used for several decades as a basic principle for accounting measurement. The search for international accounting standards continues, including the fair value measurements in accordance with Financial Reporting Standard 13. To achieve the goal of the research displaying the effect of accounting for fair value as a measurement method in determining the value of the company in accordance with international accounting standards, including International Accounting Standard 13, The research sample has selected from a group of Iraqi banks included in the Iraq Stock Exchange, namely Al Mansour Bank for Investment, Bank of Baghdad, and the Iraqi Investment Bank. The curriculum was adopted descriptive and analytical data of some Iraqi banks registered in the Iraq Stock Exchange. The researcher reached several conclusions, the most prominent of these was the existence of an impact relationship of accounting on fair value in accordance with International Accounting Standard 13 on the value of the company in financial institutions. The researcher recommends the need to pay attention to the actual application of the fair value concept, due to the advantages in accounting measurement and disclosure and because of its preference over historical cost. Keywords: fair value, company value |
