Evaluation of Accounting Systems Used by Companies in the Agriculture Sector in Jordan: A Field Study

Ziad Mohammad Al-Saidat


This study aims at identifying the accounting systems applied in the agriculture sector in Jordan in order to evaluate and indicate the possibility of applying International Accounting Standard No. 41 (Agriculture) on this sector as well as the extent of the difference between the accounting systems used in the agriculture sector. To achieve this, a questionnaire has been developed to collect the necessary data from the sample of the study. The sample consists of fifty employees working in the financial sector at the agriculture sector. It has been shown from the analysis of the results that there is weakness in the accounting systems applied by the study sample companies.

In addition, the study shows that there is a difference between the accounting policies that are used in the agriculture sector and policies and items of the International Accounting Standard No. (41) for agriculture; the accounting systems used are traditional systems as the financial reporting is limited to the income statement and balance sheet, as shown by the similarity between the accounting systems used in the study sample companies.

Accordingly, the study recommends that there be a deep need to develop accounting systems applied in the agriculture sector through the creation of an appropriate environment to accept the application of accounting standards and amendments while starting the application gradually which will assure the success of the application process.


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DOI: https://doi.org/10.5539/ijef.v6n2p87

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