The Difference in Accounting Treatments for Research and Exploration Costs and Their Impact on Financial Performance Reporting An Applied Study in One of the Investment Oil Companies in Iraq

Abstract

The research aims to define the concept of reporting on financial performance and its main dimensions. It also shows the role of the financial reporting standard IFRS6 in improving financial performance reporting through the presentation and analysis of financial analysis indicators to help the management of oil companies identify the reality of their financial status and activities and the status of their cash flows. As for the importance of the study, it lies in the importance of reporting on the financial performance of investment oil companies. To achieve the objectives of the study, the researcher adopted the analytical approach in the practical aspect through the method of financial analysis to report on the financial performance by the company's IFRS6 standard (the research sample) in a way that contributes to providing the decision-maker with the necessary Information to rationalize the decision.