The impact of adopting (IAS 8) accounting policies, changes in accounting estimates and errors on the financial performance An applied study in the (ETT) Company for General Trading Limited operating in the Kurdistan Region

The impact of adopting (IAS 8) accounting policies, changes in accounting estimates and errors on the financial performance An applied study in the (ETT) Company for General Trading Limited operating in the Kurdistan Region

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The study aims primarily to explain the changes that occur in the financial performance of the study company as a result of the application of (IAS 8) accounting policies, changes in accounting estimates, and errors on the financial performance of the study company.The researcher relied on the deductive approach to complete the study, on the texts of international standards, and on the financial statements of the (ETT) Company for General Trading Limited operating in the Kurdistan Region for the fiscal years (2020, 2021).By applying the three cases adopted by (IAS 8) (accounting policies, accounting estimates, errors) and observing its impact on financial performance.The researcher hbl5266ca reached a set of click here conclusions, the most important of which is that the changes that occur with the expansion in the size of companies and the occurrence of any changes in the nature of their business, undoubtedly create the need for accounting standards that contribute to unifying accounting procedures and work.

Thus improving the quality of their results from the financial statements.One of the most important recommendations of the research is the need to limit the freedom that companies enjoy in choosing methods and methods and setting accounting estimates in order to move towards unification in accounting work in accordance with the requirements of international accounting standards.