This paper reports on the relationship between political Interests and the process of issuing international accounting standards. The basic hypothesis of the paper is proved by taking the situation of USA and the effect of political interests in the
Financial Accounting Standard Board (FASB) directly and in the International Accounting Standard Committee (IASC) indirectly as well.
The (IASC) tried to eliminate differences and deepen similarities through propose many alternatives. Instead, it had started decrease alternatives, which reflects the political dimension. Besides getting the international feature. On the other hand, all IASs, historically, had come after Putting both findings together, (IAS) and (US GAAP) do not appear to be substantially different; rather they seem to be of similar quality. differently issuing American accounting standards which strength the basic hypothesis of this research and reveal the effect of American interests in issuing (IASs) and forbid undeveloped countries to utilize accounting as a tool serving economic development The paper provided results and recommendations in this record.
The International Accounting Standards have gained a wide international approval
where they attempted to unify accounting practices on an international level to help
investors and others in the process of decision- making on a unified basis. Numero
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studies in Arab countries have proved the importance of adopting and implementing
these standards. Therefore, this research questions the extent of implementing the
International Accounting Standards in two Arab countries: Syria and Lebanon, as
regards to recognition and measurement of tangible fixed assets. This was done
using a questionnaire distributed to two samples of accountants in both countries.
The result that was reached verifies that accountants in both countries do not fully
implement the International Accounting Standard Number 16 (property, plant and
equipment). However, their accounting practice does largely approach this standard
but in different sections. This makes any comparison between the opportunities
available for investors in both countries lacking as it cannot be based upon any
unified grounds. The research also examined the most important points which are
not implemented by accountants in both countries, with regard to this standard.
The aim of this research is to explore the opinions of financial statements users,
represented by financial brokers working in the Syrian brokerage companies, about the
application of fair value accounting. The concept of fair value accounting, and
the related
international accounting standards were explained.
In order to achieve the research objectives and testing research hypotheses, data was
collected using questionnaires distributed to financial brokers working in the Syrian
brokerage companies.
Results of this research showed significant differences between the degree of
financial statements users agreement on the advantages of applying the fair value
accounting and the criticisms of its application. Additionally, a significant relationship was
found between the degree of financial statements users agreement on applying the fair
value accounting, presenting the results of its application in the notes rather than the
financial statements themselves, the possibility of the precise calculation of the fair value
in one hand, and the level of its application in the other.
