The Application of International Accounting Standard’s Requirements No. (20) in Jordanian Chemical Detergents Industry Companies

Abstract

The study aimed at identifying the extent to which Jordanian chemical detergents industry companies applying the requirements of international accounting standard No. (20). A questionnaire has been designed for this purpose and distributed to the external auditors of these companies of (50) auditors / questionnaire, (30) questionnaires were recovered and were suitable for analysis, with recovery rate reached to (60%). Resolution data was analyzed using (SPSS), and a number of statistical techniques through descriptive statistics, arithmetic means, standard deviations and percentages. The results of the study showed that Jordanian chemical detergents industry companies do not apply the requirements of international accounting standard No. (20), and there are difficulties that limit the application of the mentioned standard in a high degree. The study recommended urging Jordanian chemical detergents industry companies to implement the requirements of international accounting standard No. (20), in addition to helping Jordanian chemical detergents industry companies to reduce the difficulties of application of international accounting standard No, (20) and treated them radically.