Examine the differences in the application of IAS and the Lebanese accounting code

deviation (0.743) for the auditors, as for accountants in institution was the mean is (2.5 ) and standard deviation ( 0.707).

Table (13): The second axis; Revaluation of asset

The table shows:

For the phrase" Use cost model in assess to asset." This phrase has got a degree "undecided" in mean (2.9333) and standard deviation (0.70373) for the auditors, as for accountant has got a degree "agree" in mean (3.3000) and standard deviation (0.82327).

Finally, for the phrase " Use revaluation model in assess to asset." This phrase has got a degree "undecided" in mean (2.6667) and standard deviation (1.04654) for the auditors, as for accountant has got a degree "agree" in mean (3.0000) and standard deviation (0.81650).

Table (14): The third axis: Disclosure for the impairment in the value of fixed assets

The table shows:

For the phrase" Disclosure of the events and activities that led to the impairment loss in the value of the asset." This phrase has got a degree " agree" from auditors and accountants in mean (3.4667) and standard deviation (0.83381) for the auditors, as for accountants in institution was the mean is (3.7000) and standard deviation (0.48305).

For the phrase" Disclosure of the methods used in determining the fair value of the assets." This phrase has got a degree "undecided" in mean (2.6667) and standard deviation (0.89974) for the auditors, as for accountant has got a degree "disagree" in mean (1.9000) and standard deviation (0.87560).

Finally, for the phrase "Disclosure of the amount of the losses recognize in the income statement during period of the impairment of assets." This phrase has got a degree " undecided " from auditors and accountants in mean (2.1333) and standard deviation (0.74322) for the auditors, as for accountants in institution was the mean is (2.0000) and standard deviation (0.66667).

Table (15): The fourth axis; Application of IAS 36

The table shows:

For the phrase" The recognition at the landing in value as a provisional value." This phrase has got a degree "disagree" in mean (1.7333) and standard deviation (0.79881) for the auditors, as for accountant has got a degree "undecided" in mean (2.1000) and standard deviation (0.87560).

For the phrase" Discrimination between provisional landing and final." This phrase has got a degree "agree" in mean (3.8667) and standard deviation (0.74322) for the auditors, as for accountant has got a degree "strongly agree" in mean (4.6000) and standard deviation (0.51640).

For the phrase" Modification of plan of depreciation of assets at the end of each period." This phrase has got a degree " disagree" from auditors and accountants in mean (1.5333) and standard deviation (0.74322) for the auditors, as for accountants in institution was the mean is (1.8000) and standard deviation (1.22927).

Finally, for the phrase " Modification of plan of depreciation of assets at the final depreciation." This phrase has got a degree "strongly agree" from auditors and accountants in mean (4.2667) and standard deviation (0.70373) for the auditors, as for accountants in institution was the mean is (4.8000) and standard deviation (0.42164).

Result and Recommendations:

The researcher found through discussion and analysis of the theoretical and practical aspects of the study to the following results:

1. The assessment of impairment of assets based on the fair value is better than its assessment on the basis of historical cost.
2. The active market is the best market to determine fair value of assets.
3. Not to adoption the fair value in assess impairment of assets rather to historical cost.
4. Use cost model in assess to assets.
5. Revaluation of impairment of assets
6. Not to disclosed of the amount of the losses recognized in the income statement during the period of impairment of assets
7. The standard IAS 36 is not applied in respect of the recognition at the landing in value as a provisional value.
8. The standard IAS 36 is not applied in respect of the modification of plan of depreciation of assets at the end of each period.
9. If the final depreciation should be modified the plan of depreciation of asset.

So, this indicates the auditors and accountants do not applied the fair value in asses of impairment of assets; and not applied IAS 36 "Impairment of Assets":

• Distinguish between final depreciation and provisional.
• Not to modify the plan of depreciation the value of assets at the end of each period.

After getting the results of the analysis and prove the hypotheses, where the result reached to low commitment to working in the auditors and accountants to apply rules of the International Accounting Standard (IAS 36), in recognition of impairment of fixed assets, we know the differences between the international standard and the Lebanese accounting code, as we mentioned earlier that it is should be determine recoverable amount, recognition of the landing in value, and the effect of the impairment in the value of the asset on the depreciation. This differs between IAS 36 and General Lebanese Accounting Code, as the auditors rely on the discrimination between provisional and final depreciation, this differs with the international standard, which uses other method, and there is shortening by many workers in the field of application this standard.

Conclusion

Conclusion:

After studying the theoretical term of the standard 36 - impairment of assets in terms of accounting treatment and the show of the difference in the application of international accounting standards and general Lebanese accounting and after the preparation of a survey to determine the extent of commitment auditors and accountants in the application of this standard 36. We conclude that the workers in the field of accounting apply audit by general Lebanese accounting code.

Therefore, should be encouraged to specialists in the field of accounting on the application of international standards, to their importance in our time, because the Lebanese accounting code not gives any importance about the disclosure in the accounting field. In addition, must adhere to international accounting standards and holding seminars and conferences to deepen the application of accounting standards and submission of financial statements are easily comparable with companies abroad.