Effectiveness of Complying with the Disclosure Requirements in Jordanian Public Shareholding Companies, in Accordance with International Standards: From the Point of View of Public Accountants (original) (raw)
Related papers
2013
The study aims at introducing the influence of disclosure in financial statements on the economical Jordanian firms in the presence of international accounting standards. It also aims at introducing the role of the variables of the study. To achieve these goals, the questionnaire has been carefully studied and developed. The reliability and the consistency coefficient have been checked, too. After collecting questionnaires, they have been coded, entered into a computer to be statistically processed by using SPSS. Here are the results of the study in accordance with its questions and hypothesis. Disclosure and openness affect the fairness of the financial statements. Commitment to international accounting standards creates a balance between the interests of the administration and the interests of share holders and commercial partners. Commitment to disclosure in accordance to international accounting standards attracts new investors. The information resulted through disclosur...
tjprc, 2014
The Study aims at identifying the importance of the accounting standards in disclosure. The relevance, the understandability and the materiality of the financial statements were studied. The hypothesis of the study is that the method of presenting financial statements is complex and thus an attempt was made to assess the method of presenting the information for the benefit of decision-makers. The study also concluded that there is an important role to be played by the Bahrain Accountants Association in helping to improve the process of disclosure in financial statements Keywords: The analytical procedures, The abnormal clauses in the financial statements Discovering guidelines, Predicting the inability of the companies, Analytical Operations Are Carried out, Normal Modeling approach
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.
International Journal of Economics and Finance, 2018
This study aims to measure the effect of the integration between the relevancy and reliability of AI in improving the level of accounting disclosure in Jordanian industrial firms listed on the ASE, by measuring the effect of the integration between the relevancy and reliability of AI in raising the level of compulsory and voluntary disclosure, because the accounting disclosure is important for decision makers and beneficiaries to make there suitable decisions, this study try to determinate the effect of the integration between the relevancy and reliability of AI, which is characterized by good AI, in assess whether disclosure is important or unimportant, and to determinate the role of increasing the relevancy and the reliability of AI on improves the level of compulsory and voluntary accounting disclosure. The study sample was 50 firms selected randomly from industrial firms listed on the ASE, and the study used a regression analysis method to test hypotheses. The study concluded that there isn't affect on the degree of availability of Integration between the relevancy and reliability and the level of compulsory accounting disclosure in industrial firms listed on the ASE. Whereas, the results of the study showed that there is an effect on the degree of availability of Integration between the relevancy and reliability and the level of voluntary accounting disclosure in industrial firms listed on the ASE. Which means that the difference between the industrial firms in the level of voluntary accounting disclosure is due to the degree of availability of Integration between the relevancy and reliability of AI.
Corporate aggregate disclosure practices in Jordan
Advances in Accounting, 2011
This study reports the results of an empirical investigation of the disclosure behavior of listed companies in Jordan after important changes in economic and accounting regulations. It also reports the relationship between aggregate disclosure (both mandatory and voluntary) and a number of company characteristics (financial and non-financial) for Jordanian companies listed in Amman Stock Exchange (ASE). The results of the study revealed that there was a significant increase in the level of aggregate disclosure (its average was 69%) compared to previous studies in Jordan. The extent of mandatory and voluntary disclosures was 83% and 34% respectively. Univariate analysis revealed that firm size, profitability, number of shareholders, listing status, industry type, audit firm size and company age are significant variables in explaining the variation in the level of aggregate disclosure among Jordanian companies. Meanwhile, multivariate analysis showed firm size (sales), profitability (ROE), audit firm size, industry type and listing status, to be significantly associated with the level of aggregate disclosure.
Author ' s personal copy Corporate aggregate disclosure practices in Jordan
2011
In most cases authors are permitted to post their version of the article (e.g. in Word or Tex form) to their personal website or institutional repository. Authors requiring further information regarding Elsevier's archiving and manuscript policies are encouraged to visit: a b s t r a c t a r t i c l e i n f o Keywords: Jordan Mandatory and voluntary disclosure Annual reports Regulatory framework Company characteristics Listed companies This study reports the results of an empirical investigation of the disclosure behavior of listed companies in Jordan after important changes in economic and accounting regulations. It also reports the relationship between aggregate disclosure (both mandatory and voluntary) and a number of company characteristics (financial and non-financial) for Jordanian companies listed in Amman Stock Exchange (ASE). The results of the study revealed that there was a significant increase in the level of aggregate disclosure (its average was 69%) compared to pre...
Accounting Disclosure Practices – An Over View
Journal of Finance and Accounting, 2020
The accounting principles consist of both concepts and conventions. Among different conventions, the disclosure convention is the most important one. The information should be presented in such a manner that it can be easily understood by a person of average knowledge and prudence. The Company Act 1956 not only requires that Income Statement and Balance Sheet of a company must give prescribed forms in which these statements are to be prepared. In recent years, many business enterprises have broadened the scope of their activities to different industries foreign counties and market. Due to the growth of diversified business and expansion of firms into foreign market, consolidated information becomes non-homogeneous information. The problems of disclosure can be resolved in the light of the objectives of financing reporting. The methods of disclosure include Income Statement, balance Sheet, Statement of Retained earnings, and Funds Flow statement.
The Financial Determinants of Integrated Reporting Disclosure by Jordanian Companies
Journal of Risk and Financial Management
The paper aims to investigate the effect of financial leverage, profitability, liquidity ratios, cash holdings, and interest coverage ratios on the level of integrated reporting disclosure—as one of the reports that promotes sustainable development—of Jordanian industrial listed companies. The content analysis method was used to analyze the annual reports of 51 listed Jordanian industrial companies during the years from 2014 to 2019 (306 firm-year observations). The analysis showed that financial leverage, profitability, liquidity and cash holdings are important determinants for integrated reporting, whereas the analysis did not support the effect of the interest coverage ratio. To the best of our knowledge, this is the first empirical study that deals with the impact of a set of financial variables on integrated reporting in the context of emerging countries such as Jordan. This is also the first study that deals with disclosing integrated reports through the perspective of shareho...
The compliance of disclosure with AAOIFI financial accounting standards
Purpose-This paper aims to examine the compliance of disclosure with the financial accounting standards of the Accounting and Auditing Organisation for Islamic Financial Institutions' (AAOIFI) related to Islamic financing products by Islamic banks in Bahrain and Qatar. Design/methodology/approach-The study measures compliance using disclosure indexes. The disclosure indexes include the three financial accounting standards of Murabaha, Mudaraba and Musharaka. The data are collected from the annual reports of 24 Islamic banks in Bahrain and Qatar over a period of 2012-2015. Findings-The paper found that Islamic banks in Bahrain and Qatar comply with AAOIFI financial accounting standards related to Murabaha, Mudaraba and Musharaka. However, there was a level of noncompliance in both countries. In addition, it found that the extent of compliance had increased over the 2012-2015 period. Also, the Murabaha standard had the highest mean of compliance. Moreover, the results showed that the Islamic banks in Qatar tend to have more compliance of overall Murabaha and Mudaraba disclosures compared to the Islamic banks in Bahrain. Research limitations/implications-The findings are preliminary and highlight that the issue is of high interest to Islamic banks and AAOIFI. Hence, it requires a detailed follow-up to form a complete picture that would assist AAOIFI and regulators gear their policies toward better quality disclosure by Islamic financial institutions. Even though the findings are encouraging, future research is recommended to enforce compliance with the AAOIFI financial accounting standards. Originality/value-This is a pioneer empirical study that focuses on the level and trend of compliance with AAOIFI financial accounting standards related to the Islamic financing products of Murabaha, Mudaraba and