Document Type : بحث
Author
Abstract
The research aims to explore the level of flexibility in the current accounting concepts and applications related to measurement, by examining and scrutinizing the flexibility available in the International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS), and determining whether this flexibility represents a factor of strength or weakness for the accounting product. For the purpose of achieving the goal of the research, work has been done in two directions: the first is focused on flexibility in choosing the basis of accounting measurement based on accounting and non-accounting factors (environmental factors) by the accounting entity, and the second is centered on the nature of information provided by the specific measurement basis and the various decisions it serves.
The research concluded that the inherent flexibility in accounting concepts and applications related to measurement can work to improve the quality of accounting information by providing a high level of honesty in presentation, and make accounting information more comparable, especially when you invest that flexibility for the purpose of achieving the basic goals of accounting, and thus represents flexibility strength factor. On the other hand, when this flexibility is used to achieve the self-purposes of the entity and its management, flexibility will become a tool used to distort accounting information and perhaps contribute to misleading users, and thus flexibility is a factor of weakness
Keywords
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