Problems expected for the application of international financial reporting standard no. (9)‎

الملخص EN

The application of the International Financial Reporting Standard No.

(9) began in the countries of the world at 1/1/2018, where the methods of recognition, classification and valuation of assets, presentation and disclosure to the exception hedging tools have been studied, and this study aims to identify the problems expected from the application of this standard in Iraqi private banks and used A sample of 80 people and the results of the theoretical and practical study have showed that allocations should be increased to deal with expected credit losses and that a reliable database should be established to estimate expected losses due to poor credit quality, reclassify Iraqi bank assets and determine which departments will be classified before the calculation of future cash flows, and that banks' equity is necessary to cope with the increase in lending, and ions of the banks they are currently working on should be modified in order to calculate the requirements for the changes mentioned in the standard, in addition to other conclusions and recommendations.