THE IMPACT OF THE INTERNATIONAL FINANCIAL REPORTING STANDARDS ON MOROCCAN COMPANIES WITH INVENTORIES /
AMINE ABID; SUPERVISOR: ASST. PROF. DR. MURAD ABDURAHMAN BEIN
- 118 sheets; 31 cm. Includes CD
Thesis (MSC) - Cyprus International University. Institute of Graduate Studies and Research Accounting and Finance Department
Includes sheets (sheets 107-114)
ABSTRACT In most countries, there is a minimum standard of accounting. Morocco has not escaped the rule and has been standardizing its accounting since the last decade of the 20th century. By doing so, Morocco has met the requirements of a modern economy and has tried to catch up with both European countries and its neighbors. This experience has enabled the country to join the international standard-setting trend, which has developed considerably over the last decade. The opening up of Moroccan accounting to IFRS (International Financial Reporting Standards) was made in 2007 through the obligation for credit institutions to publish their consolidated financial statements in accordance with international standards as of 2008 and the option for private and public non-financial companies to use the new standards as a basis for consolidation as of 2007. Through the lines of this work, we will demonstrate the impact of the transition to the international standards on Moroccan economy; the research is supported by a practical study to achieve the aims of the study. It was of interest also to make a comparative analysis between the Moroccan standards and IFRS standards (international standards) in order to clarify the differences and making a knowledge development. In effect, the study will be limited on the companies owning stocks.