Abstract
The research aims to show the impact of the application of accounting rules, including accounting rule No.(14) on the financial statements, including the paragraph on the unexpected decline in the value of long-term financial investments, and this rule was applied to the financial statements (statement of financial position and production, trading, profit, loss and distribution account) for the Iraqi Date Processing & Marketing Co. (Tomoor) of 2019.
The research reached a set of results, the most important of which is the lack of commitment by the company under research to the accounting rules issued by the Iraqi Board of Accounting and Auditing Standards (IBAAS), the lack of a feasibility study for the company when entering the stock market, the inefficiency of the employees in the Control and Internal Audit Department and the Finance Department (accounts) and many of them do not have sufficient academic qualifications to work in the above two sections.
The research concluded with a set of recommendations, the most important of which is that the company’s management should rehabilitate and develop the employees in the Control and Internal Audit Department and the Finance Department (Accounts), the company’s management should seek the assistance of people with expertise when entering into investment in the future, the company’s management should adhere to complete transparency by disclosing the amount of expected losses By entering into financial investments, which helps users of financial statements to analyze and study these statements well in order to make the necessary decisions.
