Journal article
The Relationship between Adjusting Financial Statements and the Shortcomings in These Statements: A Case Study of Sudan

Research Areas
Currently no objects available

Publication Details
Subtitle: The Relationship between Adjusting Financial Statements and the Shortcomings in These Statements: A Case Study of Sudan
Author list: Dafaalla S, Gadour W, Salih K
Publisher: Research India Publications
Publication year: 2019
Journal: International Journal of Applied Engineering Research
Journal acronym: IJAER
Volume number: 14
Issue number: 24
Start page: 4422
End page: 4433
Number of pages: 12
ISSN: 0973-4562
Web of Science ID:
PubMed ID:
Scopus ID:
eISSN: 0973-9769

The financial statements in Sudan as one of the developing
countries are subject to several adjustments made by users to
overcome the deficiencies and shortcomings surrounding
these statements, so the aim of this study is to examine the
relationship between the shortcomings and the adjustment
made by users to these statements and also to identify the
types of the adjustments made. The questionnaire was used as
an instrument to collect the primary data, descriptive statistics;
Mann Whitney U test and Spearman’s Rank-Order (Rho) were
used to analyze the collected data. The very important
findings the study ended up with were that; There is a strong
relationship between the deficiencies and shortcomings in the
financial statements in Sudan on one side and adjusting these
statements on the other side, the adjustments have been made
ranging between adding back, removing, recalculating,
reclassifying some items and adjusting some of the content
and structure depending on other sources of information
obtained by the users and changing the format, ways and
methods of disclosure. The study recommended that
standardized adjustments for each financial statement and for
each item in the financial statements should be developed so
as to harmonize the process of adjusting those statements, in
addition to that, rating agencies should be established to serve
the users and also to enhance transparency and efficiency of
the Khartoum stock exchange by providing reliable frame of
reference helping in investment-making decision process.
Keywords: Financial Statements; Shortcomings; Tax
Authority and accounting information.

Currently no objects available

Currently no objects available

Currently no objects available

Last updated on 2021-29-11 at 16:40