Accounting for fair value and its impact on the efficiency of financial performance of Sudanese banks A field study

المؤلفون

  • اىٍدرس اىدنخٔر غٍر اىصر اىحصَ ٌحٍد ٤ٓ٫ػ اإلدارة ا١ٓا٤ث، ا٢٥٥١ٟث ا١ٓؽةٰث ا١فٓ٬دٯث
  • اىٍدرس اىٍصاغد زِاٌ٘ار زِشطاز احٍد ٞ٢ٰث اإلدارة واإلٛخهاد / ا١شا٤ٓث ا٢١ت٨ا٧ٰث ا١ٙؽ٧فٰث

DOI:

https://doi.org/10.25212/lfu.qzj.2.5.24

الكلمات المفتاحية:

Fair value- Accounting measurement- Accounting disclosure- Financial performance.

الملخص

This research problem is represented in the fact that, notwithstanding, the unique characteristics of the fair value accounting, proved by the international experiences of the utilization of this trend; numerous Sudanese banks have no interest in the fair value accounting in order to measure its assets and liabilities and disclose the same in banks' financial reports. In this regard, some research studies have proved the lack of conformity of the accounting measurement according to the historical cost under high inflation rates, taking into account the existence of high inflation rates in the Sudan, which may affect the financial performance of banks. To put said facts into effect the research problem has been put forward in the following research questions: What is the effect of the fair value accounting on the financial performance efficiency of the Sudanese banks? Does
accounting measurement according to the basis of the fair value accounting, affect the financial performance efficiency of the Sudanese banks? Does accounting disclosure according to the basis of the fair value accounting, affect the financial performance efficiency of the Sudanese banks? The research aimed to analyze the effect of application of the fair value accounting on the financial performance efficiency of the Sudanese banks, by introducing the unique characteristics of the fair  value accounting and its significance and to clarify the effect of accounting measurement and disclosure according to the basis of the fair value on the financial performance efficiency of the Sudanese banks. The research employed the analytical descriptive approach to effect the analysis of the 100 questionnaire forms, distributed to the research community, using the statistical package for the social sciences (SPSS) to analyze the data in order to know the answers of the respondents towards the questionnaire statements. The research proved the hypotheses and reached a number of research findings, including the following: The Sudanese banks are so interested in the fair value accounting in measuring and disclosing its assets and liabilities in the financial reports. Accounting measurement and disclosure according to the fair value accounting, has helped the Sudanese banks improve its financial performance in a sound manner 

التنزيلات

بيانات التنزيل غير متوفرة بعد.

المراجع

 AISB-FASB Joint Conceptual Frame Work Project, (2007), Phase (Measurement) Summary Report of the Conceptual Frame work Measurement Roundtables, Hong Kong.

 Christensen, Hans B&Nikolaev, Valeri V , (2013). "Does fair value accounting for non-financial assets pass the market test?"Review of Accounting Studies, 18(3): 734 - 775

 Cuthbertson , Keith , (2002)," Excess Volatility and Efficiency in France and German Stock Markets" Economic Modeling, No 3, P. 399- 418.

 Cuthbertson, Keith and Hyde, Stuart,(2002)," Excess Volatility and Efficiency in France and German Stock Markets", Economic Modeling,19(3): 399- 418.

 ELFAKİ ,AlfatihAlaminAbdalrahim&HAMMAD, Suleiman Musa Elzain,)2015), “The Impact of the Application of Fair Value Accounting on the Quality of Accounting Information” ,International Journal of Academic Research in Accounting, Finance and Management Sciences, Vol. 5 (1), pp. 148–160.

 Financial Accounting Standard Board )FASB 2006), “Fair Value Measurement”, SAFS No 157, Norwalk, CT: FASB.

 Financial Accounting Standards Board)FASB 1991), “Disclosures About Fair Value of Financial Instruments”, SAFS No 107, Norwalk, CT: FASB

 International Accounting Standard Board (IASB, 32), "Financial Instruments: Presentation". London, United Kingdom

 International Accounting Standards Board (2009). Fair Value Measurements. Exposure Draft, Improving Disclosures about Fair Value Measurements, Exposure Draft, London , United Kingdom

 Nelson, Karen , )1996), “Fair Value Accounting For Commercial Banks : an Empirical Analysis of SAFS No 107”, The Accounting Review, 71)2):161-182

 Pauline Wallace, (2005), International Financial Reporting Standards IAS -Achieving hedge accounting in practice, PricewaterhouseCoopers.

 Skoda, Miroslav and Bilka, Peter(2012), Fair Value Financial statements – Advantages and disadvantages, VasileGoldis Arad, Studiauninersitatis, Economics 22 (1), 70-81

التنزيلات

منشور

2021-01-24

كيفية الاقتباس

اىٍدرس اىدنخٔر غٍر اىصر اىحصَ ٌحٍد, & اىٍدرس اىٍصاغد زِاٌ٘ار زِشطاز احٍد. (2021). Accounting for fair value and its impact on the efficiency of financial performance of Sudanese banks A field study. QALAAI ZANIST JOURNAL, 2(5), 588–616. https://doi.org/10.25212/lfu.qzj.2.5.24

إصدار

القسم

Articles