TY - JOUR ID - TI - Adoption the international accounting and financial reporting standards to the Measurement of Municipal Lands and their Reflection on the Financial Statements ( An applied Study in the Municipality of Najaf ) AU - Khawla Hussein Hamdan AU - Alaa Mohammed Saeed Ahmed PY - 2019 VL - 16 IS - 2 SP - 273 EP - 286 JO - AL Ghary Journal of Economic and Administrative Sciences مجلة الغري للعلوم الاقتصادية والادارية SN - 30061911 3006192X AB - Abstract:The research aimed to apply the international accounting and financialreporting standards to the measurement of municipal lands and its impacton the financial statements. The problem of the research is represented bythe acquisition of land by the municipalities without cash payment, whichled to the difficulty of knowing the real cost of land because ofshortcomings of the municipal accounting system in dealing with thissituation. The system did not include the accounting procedures for thelands' investment that meet the conditions of classification as investmentproperties. The research reached a number of conclusions, the mostimportant of them is that the accounting measurement requirements forland under the accounting system differ from The special requirementsfor municipalities under international accounting and financial reportingstandards, the most important research recommendations were includingthe need to update the accounting system based on the municipalities ofinternational standards to keep abreast of developments and to providefinancial information and reliable data in the internal and externalenvironment.

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