Author(s): Emad Al-Harash, AL- Rubaye Ahmed Hussein Radhi, Suhail Abdullah Al-Tamimi, Adriana Burlea-Schiopoiu
The research aims to analyze and evaluate the expected impact of the requirements set forth in IFRS (9). New requirements for classification, measurement, depreciation and hedge accounting that came in this standard under the title of financial instruments (classification and measurement), in improving quality of the accounting information that is produced by accounting information systems in companies operating in Iraq Stock Exchange to contribute to simplifying the accounting procedures for financial instruments compared to international accounting standards that preceded it in improving the quality of this information. The experimental approach has been used to test the main hypothesis of research, and its sub-hypotheses on a sample of (138) distributed between a financial manager and an auditor in those companies and an analyzed it. Financial and academic, questionnaires were distributed to them, as its questionnaire was designed to collect data related to requirements stipulated in IFRS (9) entitled Financial Instruments (Classification and Measurement), which is the most important criterion in the financial instrument standards system. As the reactions of a sample of interested persons were measured and tested, distributed between a financial manager and an auditor in those companies and a financial and academic analyst who follows the market activity, the results of study showed a positive and significant impact on the adoption of the amendments made to the standards of financial instruments in improving the quality of the accounting information produced by Accounting Information Systems in the researched companies, with a positive and significant impact of adopting amendments to information users in the investment decision-making process.