The Repercussions of adopting the International accounting standard (IAS16) of the Unified Accounting System: an applied study on The Northern cement state company
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Abstract
Non-current assets constitute a large part of the fixed capital in the productive economic units, and these assets occupy the largest part of their statement of financial position, so the economic units applied to the International Financial Reporting Standards (IFRSs, IASs), re-evaluate their non-current assets as a whole to obtain clear and real values for its financial statements , The research aimed to demonstrate the importance of IAS16 standard and the importance of its application The research also aimed mainly to show the impact of the application of this standard on the Unified Accounting System. The importance of the research on the theoretical side is the call for the amendment of the Unified Accounting System in line with the standards of (IFRSs, IASs), in addition, the research practical part, represented in preparing a revaluation table for the non-current assets of the Northern Cement Company in accordance with IAS16 standard and showing the impact of the application of this standard on the Uniform Accounting System. The importance of the research on the theoretical side is the call for the amendment of the Uniform Accounting System in line with the standards of (IFRSs, IASs), in addition, the research practical part, represented in preparing a revaluation table for the non-current assets of the Northern Cement Company in accordance with IAS16 standard and showing the impact of the revaluation process on the final accounts Which is prepared according to the unified accounting system in addition to preparing the financial statements that the unified accounting system does not prepare.
The researchers found that the calculation of re-evaluation differences does not exist within the accounting system guide, and this can be addressed by creating new accounts based on the flexibility that the system left within its accounting guide and the creation of other financial statements The system was He does not prepare it.
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أ. الوثائق والمواقع الرسمية:
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جداول اعادة تقييم الاصول الثابتة في معاونية السمنت الشمالية.
ب. الرسائل والأطاريح الجامعية:
التجاني، خالد حسين، 2014، أثر المعايير المحاسبية في اعادة تقييم الاصول الثابتة، جامعة شندم، السودان، رسالة ماجستير.
ج. الدوريات:
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ه. الكتب العربية:
ديوان الرقابة المالية، النظام المحاسبي الموحد،2011، العراق.
معايير المحاسبة الدولية، 2017، الطبع والنشر، نقابة المحاسبين والمدققين، جمهورية العراق.
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ثانياً. المصادر الاجنبية:
A. Periodicals and Researches:
Cherepanova, Vera, 2017, A Case for International Financial Reporting Standard on Sustainability: Acritical Perspective, University College London, UK.
EL-Mousawi, Hasan, 2020, Extent of Commitment of Accountants in Lebanon to Implementing the International Accounting Standard 16: Property, Plant and Equipment (An Empirical Study), Lebanese, University.
Perek, Ali Atilla, 2016, The Revolution Model and Its Effects on Financial Statements An Examination on BIST 100 Companies, Marmara University.
B. Books:
Alibhai, Salim, Johnstone, Chris, and other, 2020, Interpretation and Application of IFRS Standards, John Wiley & Sons, Ltd. UK.
IFRS in your Pocket, 2019, Deloitte.
International Accounting Standards Board, 2017, The Preface to International Financial Reporting Standards, the Conceptual Framework for Financial Reporting and the consolidated text of the IFRS Standards (including IAS® Standards, IFRIC® (Interpretations and SIC® Interpretations) as issued at 1 January 2017 (The Red Book).
ثالثاً. المواقع الالكترونية:
www.learingifrs.com
www.Iraqi Cement State Co.
ncsciraq.org.iq
www.ifrs.org