Institute media
Professor Dr. Fayhaa Abdullah Yacoub, lecturer in the Department of Accounting Studies at the Post-graduate Institute for Accounting and Financial Studies at the University of Baghdad, discussed the research titled (Adopting the International Financial Reporting Standard IFRS 16 in the Iraqi Insurance Companies and its Impact on the Financial Statements: A Comparative Study), based on According to the university’s directives regarding the discussion of research published in international databases for postgraduate students in the Department of Accounting Studies, specializing in legal accounting, fourth stage.
The research aimed to adopt the International Financial Reporting Standard (IFRS16) for lease contracts in Iraqi insurance companies and its impact on their financial performance. The company’s financial statements are compatible with the requirements of applying the international standard IFRS16, based on the analysis of the main financial performance indicators before and after making the amendments, and indicating the extent of change in those indicators as a result of the amendment. As well as knowing how efficiently the company uses its available resources for the purpose of expansion and growth.
This step is part of the work that will be adopted in the future at the Institute to discuss research published within global collections in order to achieve the fourth goal (quality education) of the sustainable development goals.
