The Impact of Adopting the International Financial Reporting Standards on the Disclosure of the Social Responsibility Accounting in the Jordanian Pharmaceutical Joint-Stock Public Companies

Abstract

This study aimed to identify the extent of the impact of international financial reporting standards in the disclosure of social responsibility accounting in the Jordanian Pharmaceutical Joint-stock Public Companies. To achieve the objectives of the study, a questionnaire has been designed  and distributed by hand to the Finance Manager, Finance and Accounting  Departments, Administrative Managers working the managerial departments, internal auditors in the Jordanian Pharmaceutical Joint-stock Public Companies which are listed in the Amman Stock Exchange up to 31-12-2013, which were (7) seven companies. 63 questionnaires were distributed of which 55 were adopted for the purposes of statistical analysis, i.e. (87.3%) approximately of the distributed questionnaires. The results of the study showed that conceptions of Finance and Administrative Managers and Internal auditors about the application of the IFRS and Social Responsibility Accounting were holistically high, while the impact of applying IFRS in the dimension of protection the environment, as deemed a social responsibility dimension which was less affected than the other dimensions. The study recommended the need to increase the interest of Jordanian Pharmaceutical Joint-stock Public Companies towards the protection of environment and their personnel and the contribution in the welfare of the society.

Keywords: International Financial Reporting Standards, the social responsibility accounting, Jordanian Pharmaceutical Joint-stock Public Companies