Abstract

The research problem was a few steps of the unified accounting procedures for banks in meeting the requirements for hedge accounting in accordance with the requirements of international standards No. (9), the importance of taking account of accounting treatments for the risks they have and the importance of the role of rationalizing accounting provisions related to financial hedges in a manner that reflects between risk management strategies and the unified accounting system. In order to achieve the goal of the research and test its hypotheses, the Rafidain Bank - a public company located in Baghdad has been chosen as a research place, and an assessment of the extent of its applicability to the requirements of International Financial Reporting Standard No. (9), especially in the field of risk hedge accounting, as long-term financial investments were addressed / The private sector to implement the requirements of the standard from classification and measurement according to fair value and hedging its market risks. Accordingly, a set of conclusions were reached, the most important of which are: 1- Hedge accounting is based on a set of measures to protect the economic unit from expected losses, taking into account the exaggerated profits. 2- Banks are exposed to many risks that could affect their continuity and achieve their goals. Hedging is one of the strategies for managing risks and reducing or limiting them. 3- The unified accounting system for banks does not meet the requirements for hedge accounting in terms of recognition, measurement