The Role of Applying IFRS.13 Fair Value Measurements in Improving the Quality of Accounting Information

The present research aims to study the role of the application of fair value measurements IFRS, 13 in accordance with IFRS in improving the quality of accounting information, and to demonstrate the impact of their application on the performance of economic entity in general, especially in relation to the parties associated with these economic entity. To achieve the research objective, a questionnaire form was determined and distributed for 30 practitioners of which 27 were valid for analysis , and used percentages, repetitions , calculation circles were used for the purpose of identifying the trends of the sample answers for each paragraph of the questionnaire, for each dimension and for each axis, as well as the use of standard deviations for the purpose of measuring the degree of dispersion of the values of the sample answers from the computational circles for each paragraph of the questionnaire, for each dimension and for each axis, and for the purpose of testing research hypotheses, the (T-Test ) used to compare the average of the answers with the hypothetical arithmetic mean of the answers, and simple linear regression to show the relationship between the search variables. The research found that there is a significant relationship between the fair value measurements of IFRS.13 and improve the quality of accounting information in Iraqi economic entity. The research recommended the need for the economic entity to conduct accounting work using the measurement based on the fair value of the appropriate information it provides and a degree of honest representation that meets the needs of current and prospective users of the financial statements of the economic entity.