Current determinants of the national accounting system transformation in Iraq
The article examines the most relevant issues of the external and internal factors’ influence on the accounting current development in Iraq. Historically, Iraq’s accounting system has been shaped by cultural traditions, religion, economic development and political trends over a long period, from anc...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2021-12-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/3152 |
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| author | K.S.A. Ahmed A. K. Musaelyan M. V. Krasnoplakhtich |
| author_facet | K.S.A. Ahmed A. K. Musaelyan M. V. Krasnoplakhtich |
| author_sort | K.S.A. Ahmed |
| collection | DOAJ |
| description | The article examines the most relevant issues of the external and internal factors’ influence on the accounting current development in Iraq. Historically, Iraq’s accounting system has been shaped by cultural traditions, religion, economic development and political trends over a long period, from ancient times to the present. Its origins date back to the Sumerian kingdom and before the overthrow of the S. Hussein regime. At present, not only national priorities but also global accounting trends have changed. Being formed in parallel with the development of the Republic of Iraq, the current accounting system is not oriented towards the requirements of International Financial Reporting Standards. In order to identify the current determinants of the national accounting system development, the actual model features and the conditions for consolidation with international standards have been analysed. The main directions of accounting harmonisation in the Republic of Iraq towards the international standards integration into the national system have been identified. The main steps of the transformation of national standards to international standards have been presented. |
| format | Article |
| id | doaj-art-87b80c0c378c4a8a883237342f86c823 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2021-12-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-87b80c0c378c4a8a883237342f86c8232025-02-04T08:28:10ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152021-12-0101011412110.26425/1816-4277-2021-10-114-1212178Current determinants of the national accounting system transformation in IraqK.S.A. Ahmed0A. K. Musaelyan1M. V. Krasnoplakhtich2Rostov State University of EconomicsRostov State University of EconomicsRostov State University of EconomicsThe article examines the most relevant issues of the external and internal factors’ influence on the accounting current development in Iraq. Historically, Iraq’s accounting system has been shaped by cultural traditions, religion, economic development and political trends over a long period, from ancient times to the present. Its origins date back to the Sumerian kingdom and before the overthrow of the S. Hussein regime. At present, not only national priorities but also global accounting trends have changed. Being formed in parallel with the development of the Republic of Iraq, the current accounting system is not oriented towards the requirements of International Financial Reporting Standards. In order to identify the current determinants of the national accounting system development, the actual model features and the conditions for consolidation with international standards have been analysed. The main directions of accounting harmonisation in the Republic of Iraq towards the international standards integration into the national system have been identified. The main steps of the transformation of national standards to international standards have been presented.https://vestnik.guu.ru/jour/article/view/3152accountingnational systeminternational standardsislamic accounting systemharmonisationintegrationreformadapting accounting records |
| spellingShingle | K.S.A. Ahmed A. K. Musaelyan M. V. Krasnoplakhtich Current determinants of the national accounting system transformation in Iraq Вестник университета accounting national system international standards islamic accounting system harmonisation integration reform adapting accounting records |
| title | Current determinants of the national accounting system transformation in Iraq |
| title_full | Current determinants of the national accounting system transformation in Iraq |
| title_fullStr | Current determinants of the national accounting system transformation in Iraq |
| title_full_unstemmed | Current determinants of the national accounting system transformation in Iraq |
| title_short | Current determinants of the national accounting system transformation in Iraq |
| title_sort | current determinants of the national accounting system transformation in iraq |
| topic | accounting national system international standards islamic accounting system harmonisation integration reform adapting accounting records |
| url | https://vestnik.guu.ru/jour/article/view/3152 |
| work_keys_str_mv | AT ksaahmed currentdeterminantsofthenationalaccountingsystemtransformationiniraq AT akmusaelyan currentdeterminantsofthenationalaccountingsystemtransformationiniraq AT mvkrasnoplakhtich currentdeterminantsofthenationalaccountingsystemtransformationiniraq |