Evaluating The Implementation Of Financial Accounting Through Its Conceptual Framework

Abstract

A decade after its implementation, the study is now focused on evaluating the benefits of the financial accounting system, while at the same time highlighting the main obstacles that have prevented its full application. It should be noted that this evaluation may be partial due to the medium duration considered (less than 14 accounting cycles or 13 budgets). However, this does not prevent us from highlighting some facts that can be used to improve and develop this system. The study reaches several key conclusions, the most significant of which is the absence of a high-quality disclosure culture financial information, which prevents users from making informed decisions, as this information is largely focused on tax purposes. This has a negative impact on the role of accounting as a tool for economic decision-making in the Algerian business environment.Consequently, the financial accounting system has the potential to be a driver of development and contribute to the growth of institutions in particular and the national economy in general, provided that it is developed, updated and evaluated on a regular basis.