Abstract

The research aims to analyze and study the effects of changes in exchange rates in light of the international standard of accounting (21) and to explain the effects of changes in exchange rates on financial statements. As a group of conclusions was reached, the most important of which is that international accounting standards dealt with the issue of the effects of exchange rates from the issuance of the international accounting standard (21), which stated that these changes affect the final accounts, and the accounting standards, standards and principles must be reviewed that allows the use of alternatives Several in accounting treatments, that is, calculating allocations such as doubtful debts and emergency allocate, as well as a lack of disclosure and transparency of financial statements within economic units. The most important recommendations are the necessity of the Iraqi associations for accountants to activate the skills and expertise of accountants by organizing teaching courses for the stomachs of financial statements in order to help them in applying accounting standards, and restricting the work according to the accounting principles that affect the results of the accounting lists in order to rationalize administrative decisions