The Role of Investment In Accounting Expertise In Establishing The Application Of International Accounting Standards and Its Reflection on Accounting Literacy

Abstract

Another challenge or issue that people especially individual and companies are experiencing today is lack of accounting awareness. Businesses must have adequate knowledge in accounting to support its operations by creating value and receiving high profits These aspects illustrate the lack of knowledge in accounting which leads to many problems and losses, and to be incapable of making decisions based on accurate analysis of financial data. As one of the main reasons for the lack of accounting awareness is the lack of understanding of the importance of accounting records and how to read and interpret them, financial reports are one of the most important tools that help to understand the financial performance of the company and make the right decisions based on these data If we do not have sufficient awareness of accounting concepts, we may fall into the wrong understanding of the company's financial situation and thus make decisions that are not based on a correct basis and from this point of view, the current study has been conducted to find out the role of investment in accounting expertise in Increasing the accounting understanding of the methods of applying international accounting standards correctly and accurately and how this will affect the decisions of economic units and then will this affect the eradication of accounting illiteracy for users of financial statements or not, as the deductive approach was used in presenting the theoretical aspects of the research variables, continuing using induction in measuring research variables and the relationships between them and proving hypotheses through the use of the research tool (questionnaire) that was distributed to a sample of academics specialized in the accounting aspectIn Iraq, Jordan and Algeria, where the sample size reached (150), an important conclusion was reached, which is the importance of organizing courses and workshops for the public to familiarize them with the importance of applying international standards and how to read their outputs from the financial statements and the importance of cooperation with professional bodies and accounting associations to develop accounting literacy programs.