The research aims to study and analyze heritage assets, their characteristics, and differences from other assets and to show the importance of heritage assets in supporting the country's economy for its ability to generate future cash flows. It also presents the different accounting treatments for heritage assets from the experiences of many countries. Finally, it provides an appropriate model for reporting heritage assets by adapting the International Public Sector Accounting Standard 17 to the Iraqi environment. Its implementation relied on a set of sources to collect data and information for both theoretical and applied sides, represented by Arab books and research andforeign studies, studies and magazines in libraries, scientific journals, and various sites, as well as records, documents and financial reports taken from the research sample represented by the General Authority for Antiquities and Heritage, field study and personal interviews with directors of departments, financial and archaeological staff, engineers working in the Authority and academic accountants regarding the issue of evaluating heritage assets. In the General Authority for Antiquities and Heritage located in Baghdad and its affiliated sites in various parts of Iraq, the financial statements for the year 2021 were chosen as time limits for the research. It was concluded that the application of the proposed model would lead to the appropriate measurement of the nature of heritage assets in the Iraqi environment. the value that is extracted through all. The valuation paper for the heritage assets does not reflect the true value of the heritage asset, which represents its worth. Still, it reflects the economic value and benefits to its owners. The application of the accrual basis will lead to better control and the ability to make rational decisions more than other bases of accounting and the ability to compare accounting periods more accurately as well as control and follow-up up the book values of property, factories, and equipment, in particular heritage assets, which encourages their development and attention. At the same time, this transition requires high expertise, training, and allocation of resources appropriate to the scale of this change at the state level.

heritage assets, heritage accounting, measurement, heritage reporting