Testing the availability of qualitative characteristics of accounting information in published financial statements.A field study of commercial banks listed on the Libyan Stock Market.

Abstract

This study aimed to identify the availability of qualitative characteristics of accounting information in the financial statements published by commercial banks listed in the Libyan Stock Market. For this purpose, the researchers used the questionnaire as a primary tool for collecting data and information. The researchers adopted a random sample of (194) individuals. The researchers used the descriptive analytical approach. The data were processed using the Statistical Package for Social Sciences (SPSS), using appropriate statistical methods such as the arithmetic mean, standard deviation, and Cronbach's alpha coefficient for stability.

The study included the hypothesis of the lack of qualitative characteristics of accounting information combined as a single independent variable for the study, through sub-hypotheses that clarify the availability of the characteristics of understandability, appropriateness, reliability, and the characteristics of stability and comparability.

The study concluded that the level of qualitative characteristics of accounting information is high, as it was found that the average value of responses is (3.95), and this is due to the high level of understandability of accounting information, its reliability, and the appropriateness of this information, as well as the stability and comparability of this information.

This study concluded with a set of recommendations, including; The information must be characterised by the absence of repetition and misleading information that could lead to misunderstanding, and work must be done to use accounting system information in predicting the results of making investment decisions and determining the future financial needs of banks