الامتثال لمعايير الإبلاغ المالي الدولية وتأثيرهُ في الأداء المالي الاستراتيجي المستدام

Compliance With IFRS and its Impact on Sustainable Strategic Financial Performance

The banking sector in Iraq faces many challenges, and from a diagnostic and analytical view of the overall economic situation of the country, the conditions that the country is going through are directly reflected on the banking sector in the Iraqi economy, and given the prominent role of international financial reporting standards as they work to identify and measure the financial events of banks, And compliance with the standards leads to achieving value and achievement for its customers and stakeholders on a larger scale, as banks can achieve the targeted results for them, leading to increased customer satisfaction and an increase in their value in the long run.
Accordingly, the research aimed to define the international financial reporting standards IFRS and the strategic financial performance, and to clarify the extent of compliance with the international financial reporting standards IFRS and its impact on the strategic financial performance, as compliance with the international financial reporting standards IFRS has a significant impact on the strategic financial performance.
For the purpose of achieving the goal of the research, a group of private local banks that apply the International Financial Reporting Standards (IFRS) were selected, the research sample, and the questionnaire method was used for the purpose of collecting data from the sample members mentioned, and an analysis of the data collected was statistically performed using the SPSS program.
Among the most important conclusions reached by the researcher: Compliance with international financial reporting standards qualifies Iraqi commercial banks to make their financial reporting understandable and readable in the global market, and compliance with financial reporting standards leads to making financial statements have a positive impact on decision makers and users, as well as providing an image The financial statements based on financial reporting standards provide valuable information in decision-making, and the application of financial reporting standards leads to clarity and transparency in the accounting procedures that are followed in preparing the statements Finance in a way that investors can understand.
As for the most important recommendations by the researcher, they are to activate the role of the Iraqi Accounting Standards Board and to seek to legislate accounting standards more than it is currently, relying on the International Accounting and Financial Reporting Standards (IFRS) and working with them and eliminating conflict with them, while striving to harmonize them with the Iraqi environment, and the need to adopt banks The Special Iraqi for International Financial Reporting Standards because of its credibility and general acceptance of financial statements, and working to increase awareness of workers in Iraqi commercial banks with regard to international financial reporting standards, through workshops, courses, scientific results, scientific conferences and invested research.