An Empirical Assessment of Jordanian Holding Companies in Attainment of International Accounting Standards (IAS)
Mohammad Ebrahim Nawaiseh *
Al- Zaytoonah University of Jordan, Department of Accounting, Jordan
Jomana M. Badayneh
WISE University, Accounting Department, Jordan
Abdullah S. Al Shetaiwi
Buraydah Colleges – Human Resources Department, Saudi Arabia
Suhayb Yunis Sarareh
Scholar Student, Accounting Department, Al-Jenan University, Lebanon
*Author to whom correspondence should be addressed.
Abstract
Aims: This paper investigates the need for the assessment of Jordanian holding companies in attainment of International Accounting Standards (IAS): (27), (28) and (IFRS) no. (3).
Study Design: Research paper.
Place and Duration of Study: Jordan. Questionnaire in 2013.
Methodology: 40 questionnaires were circulated by hand to the financial departments in these companies.
Results: The study concluded a set of results: holding companies realize degree of compliance with the requirements of (IAS) for a business combination with a percentage of (76.46%), the percentage of the degree of compliance to the disclosure requirements is (72.13%).
Keywords: IAS, IFRS, holding companies, Jordan