Accounting Disclosure for Stock Goods and Industrial Companies IAS 2–An Analytical Study of Industrial Companies Listed on the Amman Stock Exchange

Atallah Ahmad Hosban
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Atallah Ahmad Hosban: Aqaba University of Technology, Jordan

International Journal of Business and Administrative Studies, 2016, vol. 2, issue 2, 24-28

Abstract: The study seeks to determine the extent of the application of the Jordanian industrial companies to the requirements of Accounting Measurement No. 2 on stock, to identify the accounting measuring instruments on the measurement of cost of inventories and the concept of those tools and to identify ways of accounting disclosure concerning the stock of industrial companies according to World No. 2 standard. The study is based on the inductive method (secondary sources) of books and references and previous studies related to the subject of the study to cover the theoretical framework of the study. It will also be relying on deductive approach (primary sources) snapped of financial statements of certain industrial companies to see how the commitment of industrial companies fulfills the requirements of International Accounting Standard No. 2. On basis of findings it is recommended that there is need to use the replacement value as a basis for evaluation of some components in stock items of industrial companies. Also there is need to use the annual inventory system, especially if the prices of raw materials are volatile or unstable or she is exposed or affected by changes in exchange rates.

Keywords: First in First Out (FIFO); Deductive Approach; Accounting Measurement; Accounting Standard; Inventory (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:apa:ijbaas:2016:p:24-28

DOI: 10.20469/ijbas.2.10001-2

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