College of Administration and Economics

The Department of Accounting at the College of Administration and Economics, University of Mosul, discussed the master’s thesis entitled “The impact of applying IPSAS 45 on accounting measurement and disclosure in public sector units, an applied study in the Nineveh Sewerage Directorate”.

Part of it was attended by the Dean’s assistants for scientific and administrative affairs.

The current study submitted by the student “Amin Faris Abdul Sattar” in the Department of Accounting aimed to: Clarify the impact of applying IPSAS 45 on accounting measurement and disclosure, and based on previous studies, the unified accounting system has not been substantially updated since its issuance in (1985). IPSAS 45 came with a new measurement basis for fixed assets, which is the current operating value, while the measurement basis in the unified accounting system is according to historical cost.

The study reached a set of conclusions, the most important of which are: that the application of the (IPSAS 45) standard leads to measuring property, machinery and equipment and showing them according to the current operating value, which reflects the current value as well as cash flows. This leads to measuring these assets and showing them at their true value, unlike what is provided by the unified accounting system, as these assets are evaluated according to the historical cost, which does not reflect the true value of these assets.

The discussion committee was chaired by Assistant Professor Dr. Kubra Muhammad Taher, and the membership of Assistant Professor Dr. Alaa Abdul Wahid Dhnoon Taha, and Assistant Professor Dr. Mizban Muhammad Farhan Issa from Tikrit University, under the supervision and membership of Assistant Professor Dr. Sinan Zuhair Muhammad Jamil.