Measuring information loss in compiling financial report items is a tool for improving the informational content of accounting

Authors

  • Salah Mahdi Jawad College of Administration and Economics - University of Karbala

Keywords:

Loss of information, financial reporting

Abstract

This research aims to measure the information loss resulting from the compilation process for items in financial reports and statements prepared in accordance with the requirements of the unified accounting system for banks, from the point of view of the reader of the financial report, and to propose an appropriate method of compilation that leads to reducing this loss in a way that works to improve the informational content of accounting. The research focuses on the concept and nature of the aggregation process, its principles and rules, the media content of the financial report, methods for measuring the loss of information resulting from the aggregation process, and the use of one of these methods in measuring the loss of information resulting from aggregating the items of the banking operations revenue statement of the Iraqi Investment Bank - a private joint stock company.
The research reached a set of conclusions and recommendations, the most important of which emphasizes the necessity of adequate disclosure of the items of financial reports and statements prepared in accordance with the unified accounting system for banks, in a way that works to reduce the loss of information resulting from compiling the items of those reports and statements from their continent’s point of view.

Published

2024-05-17

How to Cite

صلاح مهدي جواد. (2024). Measuring information loss in compiling financial report items is a tool for improving the informational content of accounting. Iraqi Journal for Administrative Sciences, 4(13), 128–166. Retrieved from https://mail.journals.uokerbala.edu.iq:8443/index.php/ijas/article/view/1649