Abstract

The research aims to determine the importance of the economic units in Iraq adopting the approaches to Evaluation non-current assets that are required by (IASB) and (IFRS), and determining the extent of the reflection of the Approach of asset valuation on the basic characteristics of the accounting information. In order to achieve the objectives of the research, the researcher conducted an applied study on some economic units listed on the Iraq Stock Exchange, namely (Al-Mansour Investment Bank). The researcher reached a set of conclusions, the most important of which are: The accounting information that results from the evaluation of non-current assets according to the historical cost may have some objectivity, but it is not appropriate, which made the users of accounting information call for adopting approaches to evaluate non-current assets that enhance the basic characteristics of the accounting information. The researcher also recommended working on adopting the Approach (fair value) to evaluate non-current assets as it reinforces the basic characteristics of the accounting information, and the necessity of commitment of economic units (the research sample) listed in the Iraq Stock Exchange to evaluate their assets It is not traded according to the fair value, because of its extreme importance to the value.