المعالجات المحاسبية لآثار ظاهرة الانكماش على القوائم المالية : بحث تطبيقي في شركة الحياة للإنتاج المشروبات الغازية و المعدنية-المحدودة-أربيل

Abstract EN

The phenomenon of deflation and inflation has economic effects in general on economic unity, since it is one of the problems that faced most countries, including advanced industrial countries.

Traditionally, money is the tool that used in accounting to measure financial operations.

When the phenomenon of deflation occurs the values recorded at the date of their occurrence are different from their value at the date of preparation of the financial statements due to changes in purchasing power of monetary unit.

Therefore, the problem of this study is that there are economic units still committed to the principle of historical cost only in the preparation of financial statements.

This in turn leads to the loss of credibility of the financial statements because they do not conform to the economic reality.

Besides, this study aims to identify the phenomenon of deflation and its effects on the financial statements as well as aims to amend some items of the company's sample study income statement (which was represented by Al-Hayat limited company for the production of soft drinks and mineral) using the modified historical cost model as well as prepare a profit and loss statement for the purchasing power of the company's cash items.

Based on the above, the study has reached a set of practical and theoretical outcomes, the most important was after the calculation of the purchasing power gains and losses of the monetary unit in 2015 and 2016 the purchasing power losses of the monetary unit were reached due to the company's transition to deflationary conditions in these two years.

The company's retention of cash assets during the year was less than its cash commitments.