المقارنة بين النظام المحاسبي الموحد ومعيار الابلاغ المالي IFRS6 للشركات النفطية

The aim of this research is to clarify the concept of financial performance reporting and its key dimensions, and to highlight the role of the International Financial Reporting Standard (IFRS 6) in enhancing the quality of financial performance reporting. This is achieved through the presentation and analysis of financial indicators that assist oil company management in accurately assessing their financial position, operational activities, and cash flow status. The study also explores the potential for developing financial performance reporting in the oil sector in alignment with IFRS 6. The findings revealed the absence of a specialized accounting system for mineral resources, particularly in the oil industry. Instead, Iraqi oil companies continue to follow the principles and guidelines of the Unified Accounting System, which presents a significant limitation to the implementation of IFRS 6, especially in the areas of measurement and disclosure. The study further noted that a voluntary approach is currently adopted in accounting for exploration and research costs, with a lack of adherence to the full cost and successful efforts methods recommended by IFRS 6. This, in turn, affects the accuracy of financial performance ratios, underlining the crucial impact of the IFRS 6 standard on evaluating company performance The research offers several recommendations, most notably the need to develop a dedicated accounting system for oil companies, separate from other industries. Such a system should comprehensively address the unique features and complexities of the oil sector to ensure compliance with international accounting standards, particularly IFRS 6. The study also emphasizes the importance of accounting policies specific to the oil industry, which would enhance the transparency and effectiveness of financial performance reporting. This would enable investors to make informed decisions based on internally reported performance indicators, without relying on external sources for financial information.