The Role of International Financial Reporting Standards in Increasing the Effectiveness of Management Accounting by Applying to Egyptian Commercial Banks

The theoretical section of the study was concerned with the integration between financial and management accounting, the effects of financial reports preparation according to international standards IFRS, and the applications of management accounting in the banking sector.Then the researcher reviewed the relationship of financial reporting prepared according to international standards with management accounting efficiency through the quality of accounting information, which ultimately leads to manager's satisfaction.The researcher found that the financial reports prepared according to IFRS by providing the quality of the information constitute the basis for effective management accounting system which serves as a link between the quality of accounting information in light of these reports and the performance of the organization.The study addressed a questionnaire to the top and central leadership of the all 15 Egyptian banks according to the official website of the Central Bank, to detect if IFRS are the source of management accounting application in Egyptian banks and the impact of their using on  information quality, managers satisfaction and bank performance .the research concluded that the use of financial reports according to IFRS in the Egyptian banks are considered to be useful to internal users as they are to external users. This led to the reduction of the gap related to the use and management accounting efficiency in Egyptian banks.