Is fair value accounting an appropriate measure of today's financial instruments as more firms follow (IFRS)

Loay Salem Mohammad Al-Rahamneh, Full-time Lecturer, School Of Business, University of Jordan
2018 Journal of Social Sciences (COES&RJ-JSS)  
The study aimed at identifying whether the fair value accounting is appropriate measure of today's financial instruments as more firms follow (IFRS). The sample of the study consisted of a number of Jordanian industrial joint stock companies listed in the Amman Stock Exchange, and 50 out of 78 companies randomly selected. The results show a positive effect of fair value accounting on the appropriateness of the financial statement data in Jordanian industrial joint stock companies away from the
more » ... se of IFRS. Accordingly, the study recommended the need to provide the appropriate environment for the application of fair value accounting standards because of their importance appear in this study.
doi:10.25255/jss.2018.7.4.260.276 fatcat:a6hvnemdu5b6rerztywmkpyibq