Institute media
The Department of Accounting Studies at the Post-graduate Institute for Accounting and Financial Studies at the University of Baghdad discussed the research titled (Accounting for the Merger of Construction Companies in accordance with International Financial Reporting Standards and its Reflection on the Relevance of Accounting Information and Audit Procedures / An Applied Study) for the student Ammar Qays Sadeq to obtain chartered accountant certificate, which is the highest professional certificate in the field of specialization, and its holder enjoys all the rights and privileges of a doctorate degree.
This study aimed to develop accounting treatments for unifying accounting policies and corporate mergers based on International Financial Reporting Standard (IFRS 3) and Public Sector Accounting Standard (IPSAS 40), as well as to demonstrate the impact of differences between international and local standards on the financial statements of merged companies.
The study concluded that adopting modern approaches to merger accounting contributes to improving the presentation of financial statements for merged companies and enhances their relevance to decision-makers. Furthermore, it provides accurate and reliable information regarding the assets, liabilities, and equity resulting from the merger, which positively impacts the quality of financial reports.
