The Application of Fair Value in Commercial Banking and its Relationship to Transparency Financial Statements - Evidence from Iraq

Mohammad Salman Dawad (), Murtadha Hasan Khlaif () and Asaad Mohammed Ali Wahhab ()
Additional contact information
Mohammad Salman Dawad: College of Administration & Economics, University of Kerbala, Iraq
Murtadha Hasan Khlaif: College of Administration & Economics, University of Kerbala, Iraq
Asaad Mohammed Ali Wahhab: College of Administration and Economics, University of Karbala, Iraq

Technium Social Sciences Journal, 2022, vol. 34, issue 1, 1-12

Abstract: The research aims to demonstrate the impact of applying this measurement in improving the transparency of financial reporting and its application in Iraqi companies. A high level of transparency in the financial statements has been shown. It has been concluded that the level of transparency of the financial statements when choosing the fair value measurement is higher than the level of transparency when choosing the historical cost measurement, which helps in comparing the financial statements of the different economic units, and that the basis of comparison between it and the measurement based on Historical cost is to achieve the required amount of appropriateness characteristic and honest representation.

Keywords: Fair Value; Historical Cost; International Financial Reporting Transparency; Iraq (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://techniumscience.com/index.php/socialsciences/article/view/7104/2485 (application/pdf)
https://techniumscience.com/index.php/socialsciences/article/view/7104 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tec:journl:v:34:y:2022:i:1:p:1-12

DOI: 10.47577/tssj.v34i1.7104

Access Statistics for this article

Technium Social Sciences Journal is currently edited by Tasente Tanase

More articles in Technium Social Sciences Journal from Technium Science
Bibliographic data for series maintained by Tasente Tanase ( this e-mail address is bad, please contact ).