Is fair value accounting an appropriate measure of today's financial instruments as more firms follow (IFRS)


The study aimed at identifying whether the fair value accounting is appropriate measure of today's financial instruments as more firms follow (IFRS)". The sample of the study consisted of a number of Jordanian industrial joint stock companies listed in the Amman Stock Exchange (50) out of (78) companies randomly selected. The results show a positive effect of fair value accounting on the appropriateness of the financial statement data in Jordanian industrial joint stock companies away from the use of IFRS. Accordingly the study recommended the need to provide the appropriate environment for the application of fair value accounting standards because of their importance appear in this study

Author Biography

Loay Salem Mohammad Al-Rahamneh, University of Jordan, Amman, Jordan

Loay S. Alrahamneh is a full-time lecturer working at university of Jordan, School of business. He was born in Yarqa, Jordan in 1982. He received the General Secondary Certificate in 2000. Then he received the B.Sc and degrees in Accounting from University of Jordan in 2005, and 2012, respectively.

He worked as an accountant in Jordan new cable company in 2005. Then he worked in university of Jordan in different positions: as an internal auditor in 2006, chief of internal audit division in 2010, and assistant manager in 2013. In 2014, He joined the department of accounting, university of Jordan as a lecturer.

His current research interests include the differences between IFRS and GAAP and how they affect decision-making; and corporate governance.

He would like to thank his mother called Nejmh for the support he got, and still gets to be a good man in society and to have achievements in academic or managerial life.


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How to Cite
AL-RAHAMNEH, Loay Salem Mohammad. Is fair value accounting an appropriate measure of today's financial instruments as more firms follow (IFRS). Journal of Social Sciences (COES&RJ-JSS), [S.l.], v. 7, p. 259-275, oct. 2018. ISSN 2305-9249. Available at: <>. Date accessed: 23 oct. 2018. doi: