The role of accounting disclosure in reinforcement of the quality of financial statements - A field study-

Abstract

In this paper, we focused on the accounting disclosure requirements in the elements of the financial statements in light of the International Accounting Standards, with the aim of highlighting the importance of the disclosure process and showing its contribution to giving a clear picture about the entity’s performance and its financial position and cash flow adding to capital changes by providing credible and expressive information about the entity’s position.

The study found that the financial accounting system came with several directives related to the requirements of disclosure, which would give reliable and comparable financial information that helps in decision making. Witch is expressed by a positive, statistically significant relationship between the degree of accounting disclosure and the quality of the financial statements, and therefore the accounting disclosure should be adapted to be more compatible with IAS.