The Expected Impact of the Transition in Fair Value Accounting from International Accounting Standard No. (39) to Financial Reporting Standard No. (9) on the Level of Financial Statements and Reports: A Theoretical Analytical Study

This study examined the expected impact of the transition in fair value accounting from IAS 39 to IFRS 9 on financial statements and reports. Using an analytical deductive approach based on documentary studies, it identified shortcomings in fair value measurement under IAS 39 and assessed IFRS 9 measurement, disclosure, and hedging methods. The study concludes that IFRS 9 improves the quality and relevance of financial reporting, reduces earnings-management practices, and simplifies accounting for financial instruments. It recommends close monitoring of the standard’s initial implementation by regulatory authorities.