Forecast Disclosures among Jordanian Companies: Financial Analysts’ Perception

Abstract

To improve the reliability of accounting information disclosed beyond conventional one, the study came to investigate some controversial issues in respect to forecast disclosures in Jordan. The results gave an indicator that Jordanian companies were careful in respect to forecast horizon; the proper forecast horizon was less than 6 months; there was no correlation between the actual level of forecast disclosures and the importance of forecasts from financial analysts' viewpoints; the commitment of Jordanian companies toward adopting IAS/IFRS affected the forecasts reliability positively and Jordanian companies issued forecasts on more frequent basis.

Keywords: ASE, forecast disclosure, forecast horizon, accuracy, Jordan