Requirement for Applying the International standard of Accountancy (IAS16) Within the Algerian System Of Financial Accountancy (SCF)

Abstract

Algeria has undertaken many reforms for accountancy since the beginning of the third millennium to reform the system of accountancy through adopting a system of accountancy based on the foundation of international accountancy criteria for achieving many targets, the most important of which is to rehabilitate the economic and financial establishments and to bring foreign investors by preventing the defects in the national system of accountancy (a copy of 1975), and to adopt a system for accountancy that able to product high level information that are trusted by the user, beside, to reduct production costs for this information through linking the new system of accountancy with elements of technology and knowledge economy.