THE ADEQUACY OF ACCOUNTING MANDATORY DISCLOSURE UNDER THE GLOBAL FINANCIAL CRISIS. A FIELD STUDY IN JORDAN
Vol. 11, Nr. 3/2012 , p424..441
Author(s):
Ali .A. AL. ZOUBI Naser .Y. AL. ZOUBI
Keywords:
Accounting Discloser, Quality of Accounting, Disclosers Adequacy, Global Financial Crisis
Abstract:
This
research attempts to explore accounting academics and investors’ perception on the
adequacy of the quality and quantity of disclosed information
by Jordanian public shareholding companies listed on the Amman Stock Exchange
(ASE). Jordanian Securities Depositary Center (JSDC) requires the public
companies to follow IAS/IFRS to prepare their financial statements and its
discloser requirements. To achieve the abovementioned objectives, a
questionnaire was developed and distributed to a sample of accounting academics
in the Jordanian universities and investors in the (ASE).180 questionnaires
were distributed, ultimately 125 valid- questionnaires
were received from both groups. This paper used means, standard deviation,
ANOVA, and t test to describe the respondents’ perception on this research
questions. The results revealed that there is an agreement among respondents regarding
the adequacy of quality of disclosure in the
financial reporting of Jordanian public
shareholding companies under the circumstances of the global financial crisis. Furthermore, the results showed that the
investors perceived the quantity of
accounting disclosure as inadequate surrounding circumstances of the global
financial crisis. On the other hand, accounting academics perceived the
quantity of disclosed information as sufficient. This study recommends that
there is a need to consider quantities of disclosed information to meet the
requirements of investors.
Download:
http://online-cig.ase.ro/jcig/art/
Back
|
|