Disclosure of potential liabilities and assets and their role in enhancing measurement Financial sustainability / a case study in municipal institutions in Nineveh Governorate

Abstract

The aim of this study is to show the role of disclosure of potential liabilities and assets in improving the measurement of financial sustainability in municipal institutions.  One of the most important findings of the two researches was that the disclosure of potential liabilities and assets gives a clearer picture of the accounting information in the financial statements, and helps in giving a clearer and more realistic picture about financial sustainability indicators and better determines the financial position of the municipality institution.  The study concluded with a number of recommendations, the most important of which are: the need to adopt the disclosure of potential assets and liabilities in the municipality institutions because of their role in assessing the financial position of the municipality institution and improving the measurement of financial sustainability.