INTANGIBLE ASSETS AND THEIR IMPACT ON THE BALANCE SHEET OF IRAQI BANKS

Аннотация

INTRODUCTION economic sectors, playing an essential role in In the modern financial era, intangible assets play financing economic activity and stimulating a prominent role in the evaluation of firms and economic growth. However, the challenges facing businesses. Intangible assets, or so-called Iraqi banks require a deep understanding of the intangible assets, are among the key elements composition of their assets and their impact on contributing to the valuation of companies and the strength of their budgets. their impact on the overall balance of banks. In this context, the objective of this research is to The purpose of this study is to analyze the examine the impact of intangible assets on the components of intangible assets held by Iraqi overall balance of Iraqi banks. banks, such as trademarks, patents, licenses, etc., and how they affect the overall balance of these Banks in Iraq are one of the most important https://www.theamericanjournals.com/index.php/tajmei 44 THE USA JOURNALS THE AMERICAN JOURNAL OF MANAGEMENT AND ECONOMICS INNOVATIONS (ISSN- 2693-0811) VOLUME 06 ISSUE02 banks. The study will include an analytical intangible assets and their relationship with analysis of the financial statements of several decision-makers Iraqi banks to assess the value of these intangible 2. An analytical study of the basis for disclosure of assets and their impact on their financing intangible assets in accounting thinking structure and financial performance. 3. Study of accounting standards addressing By understanding the impact of intangible assets major problems of accounting for intangible on the overall balance of Iraqi banks, researchers assets and decision-makers can determine optimal strategies for the management of these assets and 2.4Importance of Study: strengthen the financial budgets of banks, The importance of the study lies in the fact that thereby contributing to enhancing financial intangible asset items have an impact on the stability and economic growth in Iraq. financial position list and on the net profits 2. The first one. achieved by the enterprise, which means that they have an impact on the appropriateness and 2.1The Search Problem comparability of the financial statements. During the last century, the new business 2.5Study sample: environment has grown in large numbers of developments and transformations, some of Group of companies on the Iraqi Stock Exchange which have been reflected in growing interest in for the period 2018 to 2022 the intangible elements of knowledge, 2.6Business and accounting assets: technology, individual skills, and other factors They are the economic resources owned by a that have become key to generating revenue and business or company and are tangible or income and enhancing the competitive intangible property suitable for debt repayment advantages of an enterprise that help it to survive that can be considered an asset. In simple terms, and grow rapidly. assets are things of value that can easily be However, the current accounting model is converted into cash (although cash itself is deficient in dealing with intangible asset considered to be one of the assets (J.K . Shim "The elements, where they are recognized as assets Vest Pocket CPA," Wiley, 2005 and J.G.Siegel, N., only when purchased from third parties, which Dauber, records the balance sheet of the has lost the financial lists to a great deal of company's assets, which provides a physical relevance and comparability. representation of the company's assets and debts 2.2Search hypothesis: one day. The first null hypothesis: (There is no statistically The assets are the money and other valuables significant effect at the level (α ≤0.05) of owned by the individual or the business. measuring intangible assets according to 2.7Origins are classified into two main categories: Accounting Standard 38 and disclosure in the a) tangible assets financial statements on both the financial statements and their comparability) (b) Intangible assets The second hypothesis: (There is no statistically Where tangible assets contain different significant effect at the significance level (α subdivisions including current and fixed assets. ≤0.05) of the return on intangible assets on both Current assets are less than a financial period and the balance sheet and business in Iraqi can be easily transferred to funds and include commercial banks). (debtors, customers, arrest papers, total and incomplete inventory, existing goods (Inventory), 2.3Search objectives: and short-term investments ... etc. (while fixed 1. Identification of the economic nature of assets are used for several accounting periods https://www.theamericanjournals.com/index.php/tajmei 45 THE USA JOURNALS THE AMERICAN JOURNAL OF MANAGEMENT AND ECONOMICS INNOVATIONS (ISSN- 2693-0811) VOLUME 06 ISSUE02 and include land, cars, machinery, buildings, and must be met for the supplier to be an asset is its equipment... etc.) productive capacity and to be able to bring