REFLECTIONS OF THE FINANCIAL ACCOUNTING SYSTEM ON FINANCIAL STATEMENTS: A STUDY OF THE STATEMENT OF FINANCIAL POSITION AS A MODEL

Abstract

As a result of the growing interest in external economic partnerships, represented by various agreements concluded by the Algerian state with its foreign counterparts, it has become crucial to keep pace with developments in international accounting standards to attract foreign investors. This objective is pursued through the innovations introduced by the Financial Accounting System, particularly in concepts that were either previously absent or amended within the Statement of Financial Position. These developments have made the system's outputs, represented by various financial statements whose preparation and presentation are mandated, responsive to stakeholders' expectations, facilitating proper understanding and analysis to achieve high accuracy in investment decision-making.This research paper addresses and focuses on the innovations introduced into the Statement of Financial Position regarding the presentation method and content. The statement now includes a wealth of information that is beneficial to financial information users.