أثر التضخم المالي على بيانات القوائم المالية لشركات المقاولات

Abstract

Abstract The study investigates the impact of financial inflation on contracting companies' financial statements' data. The study's problem is represented in the ignoring of contracting companies' to financial inflation which will lead to non-credibility of its financial data and the reports that depends on it. The importance of the study laid in demonstrating the rang of inflation's impact on financial statements of contracting companies, demonstrating how to treat the impacts of financial inflation on financial statements, demonstrating how to disclose the financial statements of contracting companies during financial inflation circumstances. The study aimed to recognize the impact of financial inflation on credibility of prepared and disclosed statements of contacting companies, to provide appropriate information that helps in decision taking in contacting companies during inflation. To achieve the objectives of the research the following hypotheses were tested; the financial inflation affects the contracting companies' income statement's data, there is a significance statistical relationship between the financial inflation and the credibility of contacting companies' financial position statement's data, the financial inflation leads to increasing the range of financial risks that correlated with contacting companies' cash flows. The research adopted the inductive approach, historical approach, and descriptive analytical approach. And the questioner was used in collecting data from Danfodio limited company for contracts, roads and bridges. The research find that using historical cost during financial inflation circumstances leads to financial position's non-expressing truly for debited and credited items, the financial inflation effects on the measurement of operations' result because the income resulted in operation will be inflated and will not express the fact of the businesses' results, and the ignoring of inflation's impact in determines the net current value will leads to companies' fall in the risks of evaluating the feasibility of long-term investments. The study recommends the need to consider the prices' change when prepare the financial statements of contracting companies during financial inflation circumstances, encouraging contracting companies to adopts the current value in preparing its financial statements during the financial inflation circumstances instead of using the historical cost.