The Extent To Which The Accounting Procedures Adopted For The Decline In The Value Of Fixed Assets In The Unified Accounting System Are Compatible With International Standards

Abstract

The current research aims to clarify the accounting procedures for the decline in the value of fixed assets in the unified accounting system and the extent of their compatibility with international standards in university institutions. To achieve what it aims to achieve, the research strategy was guided by the (deductive) approach, which relies on studying what was written in the accounting literature and its standards, as well as For its clarification of the procedures of the unified accounting system and international standards related to fixed assets, the research reached a set of conclusions, the most important of which is the existence of compatibility between accounting procedures for the decline in the value of fixed assets in the unified accounting system and international reporting standards. In both systems, the decline in the value of fixed assets is dealt with through The concept of return value (Impairment). This compatibility contributes to achieving international uniformity in accounting standards and contributes to providing accurate and valuable financial information to users.