Abstract
The research aims to address the concept of fair value accounting according to International Financial Reporting Standard No. (13) with regard to accounting measurement and disclosure. And the principle of historical cost refers to events that took place in previous periods far from reality, so the information is old and shady, and specialists in the accounting profession had to find suitable alternatives to keep pace with the development and change in the economic conditions accompanying the contemporary business environment, so this research came to clarify the role of measurement Accounting disclosure according to the fair value principle improves the quality of financial reporting, and thus influences the administrative decision-making process. The research was applied in three banks listed in the Iraq Stock Exchange, which are the Middle East Investment Bank, the Khaleeji Commercial Bank and the Commercial Bank of Iraq for the years (20117-2021), where the profit multiplier model was used for the period (2017-2021) to measure the fair value of the shares of these banks, then The quality of financial reporting was measured using the (Chen, 2016) model, as the nature of the correlation and impact relationship between fair value accounting and the quality of financial reporting for these banks was determined during this period. The research reached a set of conclusions, the most important of which was that the importance of fair value accounting emerged through the changes that would make the financial statements more useful and transparent about the financial situation in the business environment as well as enhancing confidence through the presentation and accounting disclosure of the financial statements, as the financial reporting aims to Providing useful information to current and prospective users to assist them in making their various operational and strategic decisions, as well as helping to provide the necessary information for estimating future operational, investment and financing cash flows. Measuring and disclosing fair value can help improve the quality of financial reporting by providing appropriate information. And reliable can help meet the needs of users of accounting information .
