Evaluating the Adoption of IFRS by the Economies of Developing Countries: Case Study of Jordanian Firms
Dr. Tareq Hammad Almubaydeen

Abstract
As globalisation and international trade facilitate economies to have access and impact over one's financial and non-financial environments, it becomes necessary for such countries to produce information that is globally understandable. Development of IFRS pays emphasis over this by stating accounting methods based upon articulated standards. However, established by the West, IFRS ignores some of the potential factors obstructing full adoption within developing economies. The current study pays attention to one such economy, namely Jordan, highlighting internal as well as external elements that discourage the adoption of IFRS and hence harmonisation of international financial information. The review-based methodology allows insights from several scholars providing not only a complete list of factors hindering the switch but also the implications why firms may consider switching to an internationally acceptable and high-quality method.

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