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- Title
The impact of employing international accounting standards on improving monitoring & performance levels at Saudi enterprises.
- Authors
Alanzi, Ibtisam Dhuwayhi F.
- Abstract
The International Accounting Standards (IAS) is based on the needs of the users of the accounting system outputs. According to the objectives of the financial statements that the IASB seeks to achieve, investors are particularly important in providing all their information needs for the institutions operating in the markets and in increasing their benefit in rationalizing their decisions. The current study aims to find out the impact of employing international accounting standards on improving monitoring & performance levels at Saudi enterprises. This study utilized the quantitative method through distributing questionnaires over the sample study, the research questionnaire was designed based on previous empirical literature and pretested and judged for its reliability and consistency by a committee of specialists for approval. The study sample composed of (120) randomly selected of the Saudi enterprises employees. The study found that management performance indicators deteriorated after adoption of the International Financial Reporting Standards (IFRS). The results also confirmed the absence of positive results related to profit. The study recommended paying attention to the application of international accounting standards to improve the quality of accounting information in the financial, and to consider the International accounting standards as the primary guide in measuring economic processes and communicating the resulting information to its beneficiaries.
- Subjects
INTERNATIONAL accounting standards; FINANCIAL statements; BENEFICIARIES; GLOBALIZATION; COMMUNICATION policy
- Publication
Multi-Knowledge Electronic Comprehensive Journal For Education & Science Publications (MECSJ), 2019, Issue 18, p1
- ISSN
2616-9185
- Publication type
Article