Academy of Accounting and Financial Studies Journal (Print ISSN: 1096-3685; Online ISSN: 1528-2635)


The Effect of Adopting International Public Sector Accounting Standards (Ipsas) on Financial Performance in the Jordanian Public Sector

Author(s): Faris Irsheid Al-Kharabsheh

This study aims to identify the effect of adopting international accounting standards (IPSAS) on financial performance in the Jordanian public sector in order to reform its accounting system to control public money. The importance of the study relies on its timing as it arises during the difficult economic and financial conditions that Jordan is enduring and consideration of the application of (IPSAS) as an entrepreneurship carried out by the Jordanian government. The study has applied descriptive and inferential approaches for data analysis. Where a questionnaire was designed to collect data from the study population- accountants in the Ministry of Finance and analyzed using SPSS. One of the most important results is to adopt international accounting standards for the public sector in accordance with the accrual basis to achieve transparency, credibility, reliability and full disclosure of financial statements. One of the most important recommendations is to hold training courses and workshops that help implement standards better in financial accounts.

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