THE EFFECT OF FAIR VALUE LEVELS ON FORECASTING PROFITS ACCORDING TO THE INTERNATIONAL FINANCIAL REPORTING STANDARD (13), A FIELD STUDY IN JORDANIAN COMMERCIAL BANKS

This study was made with the aim of shedding light on the fair value levels to show its impact on the predictive ability of profits and the disclosure requirements for financial data and information included in the financial statements of Jordanian commercial banks in accordance with International Financial Reporting Standard No. (13). Where the study included a sample of all (13) Jordanian banks, according to the BJSB Bulletin for the year 2019, a questionnaire was designed and developed to suit the nature of the study and its implications were crystallized by extrapolating the scientific dimensions that include its variables represented by the fair value levels that require disclosure And the predictive power of profits in Jordanian commercial banks in accordance with what is required by the International Financial Reporting Standard No. (13), and it included (27) items divided into: (17) paragraphs that measure fair value Levels that require disclosure, and (10) paragraphs that measure fair value levels on predictive ability of profits in Jordanian commercial banks. The study reached a set of conclusions focused on the existence of details of the disclosure inputs, which focus in particular on the levels of fair value and at a high level, and with regard to the fair value hierarchy, the results emphasized the highest priority for the first level and the lowest priority for the second and third level. With regard to predictive power Profits came within the high level. The study recommended that the cost method should be calculated more specifically according to the standard with regard to inputs and assets and according to hierarchy levels.