The effect of adopting international financial reporting standards on earnings management in Iraqi tourism companies: An empirical study
This study examined the impact of adopting the international financial reporting standards (IFRSs) on the practice of earnings management in the Iraqi tourism sector in order to limit these practices after the Central Tourism Directorate of Iraq directed all the Companies to implement these standard...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
AfricaJournals
2020-03-01
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| Series: | African Journal of Hospitality, Tourism and Leisure |
| Subjects: | |
| Online Access: | https://www.ajhtl.com/uploads/7/1/6/3/7163688/article_71_vol_9_2__2020_iraq.pdf |
| _version_ | 1811279700585086976 |
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| author | Dr-Ahmed Saad Jari Dr- Istiqlal Jumaah Wajar Husam Hasan Hashim |
| author_facet | Dr-Ahmed Saad Jari Dr- Istiqlal Jumaah Wajar Husam Hasan Hashim |
| author_sort | Dr-Ahmed Saad Jari |
| collection | DOAJ |
| description | This study examined the impact of adopting the international financial reporting standards (IFRSs) on the practice of earnings management in the Iraqi tourism sector in order to limit these practices after the Central Tourism Directorate of Iraq directed all the Companies to implement these standards on their financial statements for the year 2016. Ten Companies from the private tourism sector as listed in the Iraq Securities Market for the period 2014-2016 were selected for this study. This study then used the model of Kothari et al, 2005 to determine the optional accruals that are inversely associated with management profits compared the practice of earnings management under the local rules and standards for the years 2014 and 2015, with the adoption of the international financial reporting standards for the years 2016-2017. The study revealed that all the selected Companies practiced earnings management. However, the adoption of the international financial reporting standards for the years 2015-2016 contributed to limit the practice of earnings management and decreased the average optional accruals by 2.7 percent, which is positively reflected by limiting the earnings management practice. |
| first_indexed | 2024-04-13T01:00:27Z |
| format | Article |
| id | doaj.art-fc8ee5fe70f64530b755089db9efa579 |
| institution | Directory Open Access Journal |
| issn | 2223-814X |
| language | English |
| last_indexed | 2024-04-13T01:00:27Z |
| publishDate | 2020-03-01 |
| publisher | AfricaJournals |
| record_format | Article |
| series | African Journal of Hospitality, Tourism and Leisure |
| spelling | doaj.art-fc8ee5fe70f64530b755089db9efa5792022-12-22T03:09:30ZengAfricaJournalsAfrican Journal of Hospitality, Tourism and Leisure2223-814X2020-03-0192The effect of adopting international financial reporting standards on earnings management in Iraqi tourism companies: An empirical studyDr-Ahmed Saad Jari0Dr- Istiqlal Jumaah Wajar 1 Husam Hasan Hashim 2Accounting Department College of Administration and Economics Mustansiriyah University, Iraq Accounting Department College of Administration and Economics Mustansiriyah University, Iraq Accounting Department College of Administration and Economics Mustansiriyah University, Iraq This study examined the impact of adopting the international financial reporting standards (IFRSs) on the practice of earnings management in the Iraqi tourism sector in order to limit these practices after the Central Tourism Directorate of Iraq directed all the Companies to implement these standards on their financial statements for the year 2016. Ten Companies from the private tourism sector as listed in the Iraq Securities Market for the period 2014-2016 were selected for this study. This study then used the model of Kothari et al, 2005 to determine the optional accruals that are inversely associated with management profits compared the practice of earnings management under the local rules and standards for the years 2014 and 2015, with the adoption of the international financial reporting standards for the years 2016-2017. The study revealed that all the selected Companies practiced earnings management. However, the adoption of the international financial reporting standards for the years 2015-2016 contributed to limit the practice of earnings management and decreased the average optional accruals by 2.7 percent, which is positively reflected by limiting the earnings management practice.https://www.ajhtl.com/uploads/7/1/6/3/7163688/article_71_vol_9_2__2020_iraq.pdfearnings managementoptional accrualsnon-optional accrualsthe international financial reporting standards (ifrss) |
| spellingShingle | Dr-Ahmed Saad Jari Dr- Istiqlal Jumaah Wajar Husam Hasan Hashim The effect of adopting international financial reporting standards on earnings management in Iraqi tourism companies: An empirical study African Journal of Hospitality, Tourism and Leisure earnings management optional accruals non-optional accruals the international financial reporting standards (ifrss) |
| title | The effect of adopting international financial reporting standards on earnings management in Iraqi tourism companies: An empirical study |
| title_full | The effect of adopting international financial reporting standards on earnings management in Iraqi tourism companies: An empirical study |
| title_fullStr | The effect of adopting international financial reporting standards on earnings management in Iraqi tourism companies: An empirical study |
| title_full_unstemmed | The effect of adopting international financial reporting standards on earnings management in Iraqi tourism companies: An empirical study |
| title_short | The effect of adopting international financial reporting standards on earnings management in Iraqi tourism companies: An empirical study |
| title_sort | effect of adopting international financial reporting standards on earnings management in iraqi tourism companies an empirical study |
| topic | earnings management optional accruals non-optional accruals the international financial reporting standards (ifrss) |
| url | https://www.ajhtl.com/uploads/7/1/6/3/7163688/article_71_vol_9_2__2020_iraq.pdf |
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