The Role of Knowledge Economy in Financial Reporting System Development proposed model ""

Authors

  • بشرى نجم عبد الله
  • محمد ابراهيم علي

DOI:

https://doi.org/10.33095/jeas.v18i67.1024

Keywords:

Knowledge Economy, Financial Reporting System, Financial Reporting Approaches, Value Approach, Events Approach, المعرفة, اقتصاد المعرفة, نظام الابلاغ المالي, مدخل الاحداث, الانموذج المقترح

Abstract

This  world is moving towards knowledge economy which basically depends on knowledge and information. So, the economic units need to develop its financial reporting system which helps to provide useful information in timeliness for investors in accordance with the requirements of  the knowledge economy and meets the needs of those investors. This  research aims to revealing the reflects of knowledge economy on the approaches of financial reporting and suggesting a financial reporting model in the environment of knowledge economy,  depending on combining the value approach with the events approach using database and communication technology and providing useful accounting information for all users regardless of the level of their awareness. The information includes aggregated information prepared according to international accounting standard (1) which prepares a comparable financial statements among the local and international economic units. In addition to other disaggregated data about different financial and nonfinancial events which are able to be updated instantaneously within the published database on internet . The user of the information has the option to choose the information,data and prepare a    financial  statements which agree with the models of the user decisions

Downloads

Download data is not yet available.

Published

2012-09-01

Issue

Section

Accounting Researches

How to Cite

“The Role of Knowledge Economy in Financial Reporting System Development proposed model ""” (2012) Journal of Economics and Administrative Sciences, 18(67), p. 361. doi:10.33095/jeas.v18i67.1024.

Similar Articles

1-10 of 1308

You may also start an advanced similarity search for this article.

Most read articles by the same author(s)

1 2 > >>