The non-temporary decline in the value of long-term financial investments And its impact on the financial statements

Abstract

The objective of this research The impact of the non-temporary decline in financial investments On the financial statements The research has indicated That these data should be prepared in an honest, fair and expressive manner about the financial position and as far as long-term investments are concerned, they are of high relative importance in some companies and the need to be accounted for fairly. On the other hand ,Companies listed on the Iraqi Stock Exchange do not recognize impairment losses. Long-term financial investments are adversely affected by the accuracy of the financial statements issued. Accordingly ,the decline impact on the balance of financial investments and the balance of reserves in the statement of financial position and that affects on calculation of other expenses in the production and trading account, profits and losses, distribution, current operations and other uses disclosures, as well as the reserve balance, accumulated surplus balance in the statement of reserves and tax calculation.