The misleading impact of international accounting standard No (21) individually on users of informative at private syrian banks

The study aims to show the effect of implementing the above mentioned accounting standard No 21 and the effect of hard currency prices , taking it into concideration when preparing the results of the private Syrian banks activities . We should concentrate on it disregarding the changes that happened to the value of terms and other elements in the financial statments due to the general level of changes of the prices of the local currency . this will give misleading and incorrect results to data users and the financial information depended upon in taking its investment decisions , each from his own point of view . The study realises the changes that will affect the financial results after excluding the profits which result from the changes in the prices of foreign currency . The study has shed light on the great impact on the final results of profit or loss , after excluding the effect of accounting standard No 21 , which will affect the accuracy of the outcome , especially if it seriously leads to hiding the losses resulting from traditional activities and the actual services provided from these banks , in addition to the change of the applied analytical and financial rate on the part of the users of these data and information Also , the study has given a number of recommendations taking into account the previous results. the most important is the necessity of taking the general price changes into consideration , regarding all different elements of terms , lists and financial outcome , the same as the changes that happened to the prices of the foreign currency . it is essential that officials who check the accounts must clearly reveal the financial lists of the banks objectively and transparenly .we should try to convince banks mangements how weak the evidence of these reports and lists are, because they don’t express reality with transparecy .

The Reality of Syrian Islamic Banks and The Current Crisis Effects ( 2011 to 2014)

This research handles one of the most important and contemporary subjects. It is the status of Islamic banks, which proved a significant presence since its earliest beginning, through increasing growth in market share, high performance and amount of banking businesses, and multiple methods of Islamic funding. This research focuses on studying the conditions of Islamic banks in general, in terms of offering its concept, principles of founders, and the practical application of these principles in bank business, then examining the conditions of Islamic banks in the Syrian Arab Republic in spite of its newness and the crisis the area is going through. This would be done through displaying its origin, development, the performance of banks operations in it, and knowing if these banks are committed to the principles of founders ,then monitoring the crisis’ effects in the area since 2011 on the performance of these banks (Financial resources - Funding- Profits) through analyzing its financial statements and knowing the truthfulness of these positive data mentioned in these statements specially the highest profits. The study also attempts to offer some suggestions to face the effects of the crisis and straighten the work of these banks. The most important search results is that the conditions of Islamic banks in general and Syrian Islamic banks in particular did not match the principles of founders , financial resources employment ratios were low despite the rise of resources and funds , and the profits made by Syrian Islamic banks during this crisis are not real profits.