Predictive Analysis of Financial Statements and Its Role in Achieving Sustainability and Rationalizing Administrative Decisions: An Applied Study

Shaymaa Abdulhusein Abdulkadhim Alisawi

doi:10.61132/ijema.v1i4.273

Authors

Shaymaa Abdulhusein Abdulkadhim Alisawi University of Al-Qadisiyah

DOI:

https://doi.org/10.61132/ijema.v1i4.273

Abstract

The aim of the study is to delve into the disclosure of future financial statements and its reflection on the sustainability of the banking sector by extrapolating and reporting the pillars of banking sustainability. It adopting a mechanism at a high level in the country to promote data technology and increase support for its resources in order to provide an appropriate structure for the development of the banking and financial sector by providing appropriate information at the right time and expanding the preparation of future studies and research and linking them to many variables that are considered influences faced by the Iraqi financial market in the contemporary business environment for providing a suitable environment in the capital market by supporting the banking and financial sector by means of modern technology and obliging companies within the sectors. The study's goal was accomplished by using the content analysis method for the annual reports of banking units listed in the Iraqi financial market for the years 2020–2023. This was done after developing an indicator to gauge future financial statements' level of disclosure in compliance with the Iraqi Financial Market Law and the disclosure guidelines issued in accordance with it, as well as the fact that the index is being used in the country for the first time. The study draws several conclusions, the most important of which being that , One of the most notable recommendations reached by the study is to require the banking units listed in the Iraqi financial market to display future financial statements in order to ensure the achievement of sustainability supporting the banking sector within the annual reports. The level of disclosure of future financial statements varied in the financial reports of the banking units listed in the Iraqi financial market, where the average disclosure was high with a positive moral relationship to the market financial value.

Downloads

Download data is not yet available.

References

Abdul Nabi, W. I. (2018). Financial inclusion and a course in achieving banking development and developing the Iraqi economy. Central Bank of Iraq.

AICPA. (2012). Guide to prospective financial information. Wiley.

Ajour, H. M. (n.d.). The role of financial inclusion in national banking units in achieving social responsibility towards customers (Master's thesis, Islamic University, Gaza).

Al-Dabbagh, L. M., & Ibrahim, L. K. (2014). An analytical study of the reality of voluntary data disclosure in Iraqi banking units and the extent to which it is affected by the application of governance mechanisms. University of Mosul.

Al-Gergawi, H. K. (2008). The role of financial analysis of financial information published in financial statements to predict stock prices (Master's thesis, Faculty of Commerce, Islamic University, Gaza).

Al-Hashemi, L. A. K., et al. (2018). The role of modern data technology in improving and increasing financial inclusion. Paper presented at the Second International Scientific Conference of Cihan University, Erbil.

Ali, A. A. (2018). Banking units, credit and financial depth between Iraq and the international experience. Journal of Monetary and Financial Studies, Central Bank of Iraq.

Al-Imam, S. A. M. (2017). Measuring the attitudes of banking units towards the application of sustainable banking activities. Journal of Administration and Economics, 40(111), Baghdad.

Arian, A., & Ramanan, R. (2017). Synergy between accounting disclosures and forward-looking information in stock prices. The Accounting Review, 92(2), 1–20.

Attestation Standards {AT Section 301}. (2001). Financial forecasts and projections. PCAOB.

CelikK, P. (2006). Information and the cost of capital: An ex ante perspective. The Accounting Review.

Ibrahim, T. (2014). Determinants and incentives of the report on social responsibility: An applied study on companies listed on the Egyptian Stock Exchange. Scientific Journal of Trade and Finance, 2(1).

International Standard on Assurance Engagements (ISAE) 3400. (2010). Handbook.

Mashabat, N. H. (n.d.). The role of internal environmental auditing in compliance with emission reduction agreements leading to greenhouse gas reduction: An applied study on Egyptian petroleum and petrochemical sector companies. Journal of the Faculty of Commerce for Scientific Research.

Sabsby, M. Y. (2011). The role of future financial statements of companies in decision making: A field study in Syrian private sector companies (Master's thesis).

Shabbir, A. A. (2006). The role of accounting data in making administrative decisions (Master's thesis, Faculty of Commerce, Islamic University, Gaza).

Shandi, A. Q. (2016). Analysis of the impact of the data technology sector on banking transactions in Iraq. Al-Kout Journal for Economic and Administrative Sciences, 24.

Shasha'a, H. G. (2004). Measuring the quality of banking services provided by Bank of Palestine Ltd. from the customers' point of view (Master's thesis, Faculty of Commerce, Islamic University, Gaza).

Waiiaros, X., & Lu. (2009). A case study of voluntary disclosure by Chinese enterprises.

Yaqoub, I. I. (2018). Raising recent trends of accounting disclosure on market value with reference to future financial statements: An empirical study in the Iraqi financial market. Journal of the College of Heritage, Iraq.

Zhang, K. Q., & Chen, H. H. (2017). Environmental performance and financing decisions impact on sustainable financial development of Chinese environmental protection enterprises. Sustainability, 9(12), 1–14. https://doi.org/10.3390/su9122105