A Critical Study on Measurement Models in the Financial Accounting System Compared to International Financial Reporting Standards: Correcting Concepts and Terms in the Arabic Version

Abstract

This study aims to shed light on the accounting measurement bases adopted by the Financial Accounting System "SCF", which is the main source of accounting principles and rules in Algeria, and compare it with the equivalent in the International Financial Reporting Standards "IFRS". where the study concluded that the financial accounting system needs a linguistic review and conceptual review, and corrections with regard to some definitions, as there is a clear difference between these definitions and what the international standards have stated, especially with the continuous amendments to the conceptual framework of international reporting standards.