واقع الالتزام بمعياري المحاسبة الدوليين 32و39 في إدارة المحافظ الاستثمارية للمصارف العاملة في الاراضي الفلسطينية
Date
2010-10-10
Authors
اسامه كامل مصطفى حرز الله
Osama Kamel Mustafa Awad
Journal Title
Journal ISSN
Volume Title
Publisher
AL-Quds University
جامعة القدس
جامعة القدس
Abstract
Financial instruments fundamentally affect the economy, technological and
administrative progress has contributed to increasing innovation and diversity
of financial instruments suited to the investment and financial needs, and in
turn these innovative financial instruments posed a serious challenge for
accounting systems and the drafters of accounting standards regarding how to
report, disclose, recognize and measure these instruments in a fair and
acceptable manner.
This study addressed the confusion caused by the issuance of International
Accounting Standards for financial instruments and the challenges that faced
adopting these standards and reporting on these financial and investment
instruments in accordance with the requirements of these standards. The
International Accounting Standards Committee sought during the past 20 years
to develop comprehensive standards, of high quality and transparency to
address key challenges, in presentation, disclosure, recognition and
measurement of financial instruments. IAS 32 – was issued to addresses issues
of presentation and disclosure; IAS 39 – was issued to address recognition and
measurement; and at the end of 2005 IFRS 7, which addressed the specific
issue of disclosure and kept IAS 32 only to address presentation.
Objective of this study is to determine whether the international accounting
standards and international financial reporting standards applied in the
Palestinian banking sector and in particular the application of the standards
related to financial instruments, affecting presentation, disclosure, recognition
and measurement of financial assets and investments, in light of the Palestinian
Monetary Authority decree to adopt the international accounting standards, and
circulate that to banks operating in the Palestinian Territories.
The theoretical aspect of this study showed the importance and benefits of the
application of international accounting and financial reporting standards in thePalestinian Territories, and reviewed stages of implementing these standards in
the countries of the world, and the benefits to investors and the economy.
For the analytical aspects the SPSS statistical program was used to analyze the
data obtained through a survey which was distributed to the banks in the
Palestinian Territories.
Several results were reached, the most important of which were the obligation
of banks operating in the Palestinian Territories applying international
accounting standards and the standards for financial instruments which affects
the valuation of financial investment portfolio of these banks, and the
regulation of banks under the control of the PMA has a great deal of influence
in increasing the commitment of implementing the international accountingstandards, another result of the study was, that implementing the international
accounting standards has an effect on the value of the assets, profit and loss of
the banks operating in Palestinian Territories.
This study recommended increased cooperation between the PMA and banks in
the Palestinian Territories on mechanisms for application of international
accounting and financial reporting standards as would assure the readiness of
banks to implement these standards in terms of human, technical and
technological resources, and ensure that the standards be easily translated to a
level understood by accountants and to avoid literal translation that would
impact negatively upon application. The study also recommended the followup
of education programs at universities and institutes to update them to
include new or updated standards, and increase the level of training and
qualification for accountants and financial professionals who prepare financial
statements of banks to keep abreast of evolving standards of international
accounting and financial reporting standards, and to encourage studies,
seminars and workshops by universities, institutes and professional
associations specializing in accounting and auditing on standards for financial
instruments and issuing special bulletins for the application of these standards.
Description
Keywords
المحاسبة والضرائب , Accounting & Taxation
Citation
حرز الله، اسامه كامل. (2010). واقع الالتزام بمعياري المحاسبة الدوليين 32و39 في إدارة المحافظ الاستثمارية
للمصارف العاملة في الاراضي الفلسطينية [رسالة ماجستير منشورة، جامعة القدس، فلسطين]. المستودع الرقمي
لجامعة القدس.https://arab-scholars.com/64f1b8