امكانية تحقيق التوازن بين الملائمة والتمثيل الصادق للقوائم المالية في المصارف التجارية في اطار تطبيق المعيار الدولي رقم (1)

This study dealt with research and analysis an important topic directly related to the activity of commercial banks, as it is known these banks depend on the practice of their banking operations, on the funds deposited with them, and also their activity must be characterized by stability and be obligated to disclose the results of their work periodically by preparing a set of binding financial reports in accordance with the local laws in force and the international accounting and financial reporting standards informed by the guidance and recommendations they contain, in particular IAS No. (1) (presentation of financial statements) where these financial statements must contain a set of characteristics that provide decision makers with sufficient, conclusive and useful information, in the appropriate timing and quality, for the purpose of making important and different decisions that would affect negatively or positively on the bank. On the other hand, where accounting reform requires an expansion of accounting rules that go beyond the scope of financial measures for all economic entities, as they relate to concepts such as reporting transactions, such as acquisitions of assets at their cost or their current market value, where the previous traditional approach calls for its reliability, but it may lose its importance quickly due to various factors, we mention Including inflation, in short, for the purpose of achieving accounting reform, a balance must be achieved between the relevance and the reliability.
Through this study, focus was placed on the International Accounting Standard No. (1) (presentation of financial statements) and what this standard contains of qualitative characteristics that make the outputs of the accounting system applied in the bank useful for the various groups beneficiary and interested in the financial statements prepared by commercial banks. (Bank of Baghdad) sample for research that there is great interest in preparing the financial statements according to the International Accounting Standard No. (1), therefore there is a great balance achieved through the preparation of these financial statements between the basic qualitative characteristics, which is the property of suitability and the characteristic of reliability.