إمكانية تطبيق متطلبات المعيار IFRS-1 في ظل النظام المحاسبي الموحد المعتمد في الكليات الأهلية

Abstract EN

The objective of applying the financial reporting standards in the private sector of higher education is a commitment to the decision issued by the federal financial control bureau and the Iraqi accounting and auditing standards board, which stipulates that they apply to the final accounts for the year ended 31/12/2021.

as this sector is obliged to apply the international standards, its implementation is considered a positive factor that contributes to the production of reliable financial statements in the making of rational decisions by investors, whether local or international, and attracts them in the presence of financial reports prepared according to international financial reporting standards.

conclusions: I have concluded that the existing accounting system is not able to meet the requirements of applying IFRS-1 in the higher education sector.

recommendations: reform of the unified accounting system in line with international financial reporting standards.