أثر التضخم على جودة المعلومات المحاسبية بالقوائم المالية المنشورة بسوق الخرطوم للأوراق المالية : دراسة تحليلية تطبيقية

Abstract

Abstract The research deals with the impact of inflation on quality of accounting information in published financial statements in Khartoum Stock Exchange Market. The research problem is represented in the negative impact of inflation on quality of accounting information in published and prepared on the basis of historical cost principle financial statements, which in turn may mislead users of these information by providing incredible information about business outcome and financial position of the company in the light of inflation circumstances. In addition to loss of such information the characteristics of information quality in times of inflation in published financial statements. The research significance arises from the fact that it highlights impact of inflation on characteristics of accounting information quality. The research aimed to clarify the extent of relevance of accounting information prepared on the basis of historical cost principles to make decisions in times of inflation. In addition, the possibility of using accounting models for prices changes in times of inflation. To achieve research objectives the following hypotheses have been tested: 1. Financial statements prepared on the basis of historical cost principle, in times of inflation misleads users by providing incredible information about business outcome and financial position of the company. 2. Accounting information included in financial statements prepared on the basis of historical cost principle in times of inflation does not enjoy characteristics of information quality. 3. Utilization of accounting models for prices changes in the light of inflation circumstances leads to provide a high quality accounting information. The research adopted the following methodologies: - The deductive approach: to specify research problem nature, its pivots and lay down hypotheses. - The inductive approach: to test hypotheses. 9 - The historical approach: to review previous studies. - The descriptive approach: for field study: The researcher has also depended on questionnaire as a primary tool to collect information of study sample. The researcher has proved the validity of the referred to above hypotheses and reached the following findings: 1. Income was shown greater than its real size (illusory or ostensible profits) which in turn may lead to pay up tax from unrealized gains and the distribution of a part of unreal profits. 2. Continuation in applying the historical cost accounting in times of inflation leads to deficiency in characteristics of accounting information quality. 3. Demonstration of impact of inflation on factors of financial statements, by the use of inflation accounting models, provides a more qualitative and relevant information to take different economic decisions. The research recommended the following: 1. It is necessary to modify financial statements prepared on the basis of historical cost principle, by the use of inflation accounting models in times of inflation, in order to make comparison between these statements in different years and provision of a more qualitative and relevant information to take different economic decisions. 2. It is necessary to expand the reservations and re-evaluate the fixed assets to maintain productive and operating energy of capital. 3. Professional organizations should work to issue special standards related to accounting inflation to help in practical application of accounting inflation.