The Impact of the Application of International Financial Reporting Standards on Financial and Operational Performance

The study aimed to explain the impact of the application of international standards to prepare financial reports on the financial performance in Iraqi banks. To achieve the research objectives, the researcher used the descriptive analytical approach in collecting data and testing hypotheses, and the questionnaire that was distributed to members of the study community consisting of (senior management, middle administration was used , Executive Management) in Iraqi banks. Where data were dealt with and classified and test the hypotheses and their results and find their significance. In addition to linking and interpreting them to reach appropriate conclusions and recommendations, and the researcher distributed (384) questionnaires to the targeted workers who are from (senior management, middle administration , Executive Administration) in commercial banks in a random manner, after reviewing the questionnaires, it was found that there are questionnaires that are not valid for statistical analysis. It is moral significance between the seventh international standard, the ninth international standard and the thirteenth international standard as one of the dimensions of the Ma'a Yer International to prepare financial reports and between financial performance in Iraqi banks. The study recommended that banks should continue to comply with the provisions of international standards for the preparation of financial reports, and investors also recommended when establishing their investment decisions to take into account the profitability of banks and their ability to survive and perform in the long term.