IDEAS home Printed from https://ideas.repec.org/a/ids/ijbexc/v25y2021i3p334-344.html
   My bibliography  Save this article

The importance of applying impairment of fixed assets standards and the obstacles that limit its application: field study on industrial companies operating in Basra

Author

Listed:
  • Jalil Ibrahim Salih

Abstract

Accounting thought has only been concerned with the impairment of fixed assets in the early 1990s as there was lack of awareness and knowledge of the phenomenon before, with the calculated depreciation premium of the fixed asset considered to be sufficient to cover the shortfall in asset value as a result of its frequent use. This research aims to identify the extent to which industrial companies operating in Basra governorate apply the accounting standard no. 36 related to the fixed assets' impairment as well as to identify the obstacles and challenges that limit the application of such standard related to the fixed assets' impairment by operating companies in Basra. To achieve the goals of the study, a pilot sample was conducted where 102 questionnaires were distributed, among which 86 were returned, acquiring a response rate of 84%. The pilot study included employees working in industrial companies operating in Basra, Iraq. The study revealed a group of results, the most important of which is that industrial companies operating in Basra do not apply the accounting standard no. 36 related to the fixed assets impairment.

Suggested Citation

  • Jalil Ibrahim Salih, 2021. "The importance of applying impairment of fixed assets standards and the obstacles that limit its application: field study on industrial companies operating in Basra," International Journal of Business Excellence, Inderscience Enterprises Ltd, vol. 25(3), pages 334-344.
    • Handle: RePEc:ids:ijbexc:v:25:y:2021:i:3:p:334-344
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=119474
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijbexc:v:25:y:2021:i:3:p:334-344. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=291 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.