Integrated Standards for Financial Reporting And It Conceptual Framework

Asad Zali¹

1) Student Master of Business Management (Finance) Islamic Azad University, Science and Research Branch of East Azerbaijan. Email:

IOI Code : XYCF-ADHEE
Publication : 2nd.International Congress on Management, Economy, Humanities and Business Development(icmba.ir)
Abstract :
    Now in developed countries, the financial statements and data released by the economic institutions as the main source of information for the financial position and results of performance of the managers in these institutions. So sensitive is the provision of information. The newly adopted accounting standards and accounting principles as the basis for the preparation of this type of information should have certain characteristics that are conducive to making reliable and relevant. High-quality accounting standards are necessary for the operation and function of efficient capital markets, as capital allocation decisions increasingly rely on financial information understandable and valid. In this article, factors and reasons for the development of standards and quality assessment standards are discussed and the importance of financial reporting and the qualitative characteristics of financial reporting standard-matter and at last, about the conceptual framework and conceptual framework of standard-setting financial reporting objectives expressed is. In conclusion, in normal circumstances, there are different standards for calculating profit and submission of financial statements as a result of this, there is a significant difference in how financial reporting. There are differences in how financial reporting can investors as limiting access to more opportunities for investment and thus reduce the use of capital considered optimal. Financial statements using sets of common accounting standards, can help investors better understand investment conditions, which can ensure the reliability of financial statements to investors and attract capital from markets around the world with lower costs provide.

Keywords : accounting standards financial reporting financial reporting standards quality assessment