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E-ISSN : 2249 - 4642 | P-ISSN: 2454 - 4671



Disclosure of Debt Instruments in Accordance With The Requirements of The Seventh International Financial Reporting Standard (IFRS7)

Ali Mahmood Hasen, Assoc. Prof Dr.Mohamed Elnair Mohamed Elnour

Volume: 11 Issue: 3 2021


The research sought to discover the application and disclosure extent of the debt instruments within the Iraqi’s commercial private banks in accordance with the seventh international financial reporting standard, by using the descriptive analytical approach building a questionnaire form with the aim of testing the research hypothesis. The research hypothesized that the private Iraqi commercial banks did not apply the principles of the international reporting standard, specifically the Seventh financial standard regarding debt instruments disclosure. The research reached a main conclusion, which is that the Iraqi private commercial banks disclose the amounts recorded in the statement of financial position or the notes for loans and investments held to maturity, and this conclusion was met with a recommendation for the Iraqi commercial private banks to disclose the loans and investments held to maturity and to expand the disclosure of them and their subsidiaries, if any, due to the transparency it provides in the presentation of the financial position statement.

DOI: http://doi.org/10.37648/ijrssh.v11i03.015

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