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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Mohammad Salman Dawad & Murtadha Hasan Khlaif & Asaad Mohammed Ali Wahhab, 2022. "The Application of Fair Value in Commercial Banking and its Relationship to Transparency Financial Statements - Evidence from Iraq," Technium Social Sciences Journal, Technium Science, vol. 34(1), pages 1-12, August.
    • Handle: RePEc:tec:journl:v:34:y:2022:i:1:p:1-12
    DOI: 10.47577/tssj.v34i1.7104
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    References listed on IDEAS

    as
    1. Qiang Cheng & Kin Lo, 2006. "Insider Trading and Voluntary Disclosures," Journal of Accounting Research, Wiley Blackwell, vol. 44(5), pages 815-848, December.
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    More about this item

    Keywords

    Fair Value; Historical Cost; International Financial Reporting Transparency; Iraq;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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