In the Light of Accounting Academicians? Perceptions the Features of an Ideal Accounting System and International Financial Reporting Standards within This Perspective

Abstract

The primary purpose of this study is to analyze the perceptions of accounting academicians about International Financial Reporting Standards (IFRS) and the features that an ideal accounting system should have. For this purpose a questionnaire survey was performed with the participation of 114 academicians. According to the results of the study; reporting transparent, reliable and relevant financial information issues become crucial for an ideal accounting system. On the other hand, it was determined that the participants think that IFRS are appropriate for enhance the quality of financial reporting and transparency, accountability, making comparisons between companies, achieving a true and fair view and relevant for decision making. In this framework it is possible to say that the expectations of participants from an ideal accounting system and their perceptions about IFRS are compatible.