ISSN 2394-5125
 

Research Article 


THE EXTENT OF THE ABILITY OF JORDANIAN COMMERCIAL BANKS TO APPLY THE CONCEPT OF FAIR VALUE IN ACCORDANCE WITH THE STANDARD OF FINANCIAL REPORTING (13)

Dr. Othman Hussein Othman.

Abstract
This study came to show the extent of the possibility, ability and readiness of credit circles in Jordanian commercial
banks to implement the international standard for financial reporting (13), as well as the extent to which the concept
of fair value of assets owned by Jordanian commercial banks can be applied, and by designing a three-axes
questionnaire that included the demographic characteristics of the sample individuals in Jordanian commercial banks
have two axes to test the ability of Jordanian banks to adopt the implementation of the International Financial
Reporting Standard No. (13), and the possibility and readiness of credit departments in Jordanian banks to
implement the International Financial Reporting Standard No. (13). They distributed to (9) Jordanian commercial
bank that has the possibility to conduct the study out of (13) Jordanian commercial bank, where (120) questionnaires
were distributed to a targeted sample which consisted of: a financial manager, a credit manager, an accountant, and a
credit officer, (111) questionnaires were recalled.A (4) Questionnaires were excluded due to insufficiency, as the
questionnaires undergo to analysis reached (107) questionnaires.
The study showed that Jordanian commercial banks have the ability to determine (requirements for the
application of the International Financial Reporting Standard No. (13)), in terms of determining the fair value of the
various items associated with determining and measuring their financial position which requires measuring the fair
value based on the market price and not on the basis of price What is determined by the bank and what is required
by the standard for providing information that affects the reliability of fair value estimates, also that Jordanian
commercial banks have the ability to distribute disclosures through levels of the fair value hierarchy. The study
recommended an increase in the accuracy, comprehensiveness, and accounting disclosure of financial information
and data and their quality within the financial statements, and in a manner compatible with the requirements of the
users of the financial statements, and increasing the durability and sobriety of the Jordanian financial market and
trading in it.

Key words: International Financial Reporting Standard (13), fair value


 
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Pubmed Style

Dr. Othman Hussein Othman. THE EXTENT OF THE ABILITY OF JORDANIAN COMMERCIAL BANKS TO APPLY THE CONCEPT OF FAIR VALUE IN ACCORDANCE WITH THE STANDARD OF FINANCIAL REPORTING (13). JCR. 2020; 7(9): 2775-2789. doi:10.31838/jcr.07.09.437


Web Style

Dr. Othman Hussein Othman. THE EXTENT OF THE ABILITY OF JORDANIAN COMMERCIAL BANKS TO APPLY THE CONCEPT OF FAIR VALUE IN ACCORDANCE WITH THE STANDARD OF FINANCIAL REPORTING (13). http://www.jcreview.com/?mno=128557 [Access: May 30, 2021]. doi:10.31838/jcr.07.09.437


AMA (American Medical Association) Style

Dr. Othman Hussein Othman. THE EXTENT OF THE ABILITY OF JORDANIAN COMMERCIAL BANKS TO APPLY THE CONCEPT OF FAIR VALUE IN ACCORDANCE WITH THE STANDARD OF FINANCIAL REPORTING (13). JCR. 2020; 7(9): 2775-2789. doi:10.31838/jcr.07.09.437



Vancouver/ICMJE Style

Dr. Othman Hussein Othman. THE EXTENT OF THE ABILITY OF JORDANIAN COMMERCIAL BANKS TO APPLY THE CONCEPT OF FAIR VALUE IN ACCORDANCE WITH THE STANDARD OF FINANCIAL REPORTING (13). JCR. (2020), [cited May 30, 2021]; 7(9): 2775-2789. doi:10.31838/jcr.07.09.437



Harvard Style

Dr. Othman Hussein Othman (2020) THE EXTENT OF THE ABILITY OF JORDANIAN COMMERCIAL BANKS TO APPLY THE CONCEPT OF FAIR VALUE IN ACCORDANCE WITH THE STANDARD OF FINANCIAL REPORTING (13). JCR, 7 (9), 2775-2789. doi:10.31838/jcr.07.09.437



Turabian Style

Dr. Othman Hussein Othman. 2020. THE EXTENT OF THE ABILITY OF JORDANIAN COMMERCIAL BANKS TO APPLY THE CONCEPT OF FAIR VALUE IN ACCORDANCE WITH THE STANDARD OF FINANCIAL REPORTING (13). Journal of Critical Reviews, 7 (9), 2775-2789. doi:10.31838/jcr.07.09.437



Chicago Style

Dr. Othman Hussein Othman. "THE EXTENT OF THE ABILITY OF JORDANIAN COMMERCIAL BANKS TO APPLY THE CONCEPT OF FAIR VALUE IN ACCORDANCE WITH THE STANDARD OF FINANCIAL REPORTING (13)." Journal of Critical Reviews 7 (2020), 2775-2789. doi:10.31838/jcr.07.09.437



MLA (The Modern Language Association) Style

Dr. Othman Hussein Othman. "THE EXTENT OF THE ABILITY OF JORDANIAN COMMERCIAL BANKS TO APPLY THE CONCEPT OF FAIR VALUE IN ACCORDANCE WITH THE STANDARD OF FINANCIAL REPORTING (13)." Journal of Critical Reviews 7.9 (2020), 2775-2789. Print. doi:10.31838/jcr.07.09.437



APA (American Psychological Association) Style

Dr. Othman Hussein Othman (2020) THE EXTENT OF THE ABILITY OF JORDANIAN COMMERCIAL BANKS TO APPLY THE CONCEPT OF FAIR VALUE IN ACCORDANCE WITH THE STANDARD OF FINANCIAL REPORTING (13). Journal of Critical Reviews, 7 (9), 2775-2789. doi:10.31838/jcr.07.09.437