ISSN: 1817-5880

Author : Lecturer. Aliya Salih Nasir, Assist

Accounting assessment for investments and its Suitability with accountancy Standards in GCC ( Comparative Study )

Assist Lecturer. Ban Tawfeek Najim; Assist Lecturer. Aliya Salih Nasir

Gulf Economist, Volume 27, Issue 19, Pages 190-228

The research aims to identify the accounting policies
adopted in Iraq to measure and evaluate investments and
compare it with the accounting policies adopted in some
countries in the Cooperation Council for the Arab Gulf States, to
determine the extent of agreement or disagreement between
the different accounting treatments for investment item because
of its important implications on the financial statements of
companies and the quality of accounting information them. To
achieve the goal of research was a comparative study between
the adoption of accounting rule No. (14) of the Council of the
accounting standards and oversight of Iraq and international
accounting standard (5) issued by an accounting and audit of
the States of the Cooperation Council for the Arab States of the
The results of the study showed the existence of substantial
differences between the accounting policies applied in Iraq and
in the investment required by the accounting standards in the
countries of the Cooperation Council for the Arab States of the
Gulf. In conclusion, gives the search among the most important
recommendations of the need to issue special accounting rules
in real estate investments separately from investments in
securities and not to combine them in the accounting rule, with
the same laws and the need to provide a stimulating legislation
for investment in Iraq while providing flexibility in funding