~ 289 ~
Asian Journal of Management and Commerce 2024; 5(1): 289-294
E-ISSN: 2708-4523
P-ISSN: 2708-4515
AJMC 2024; 5(1): 289-294
© 2024 AJMC
www.allcommercejournal.com
Received: 02-01-2024
Accepted: 05-02-2024
Mohemmad Manawer Mikhlif
Ph.D. Student, Department of
Management Sciences and
Finance, Faculty of Economics
and Management Sciences,
University of Sfax, Tunisia
Soulef Smaoui
Associate Professor, Faculty of
Economics and Management,
Sfax University, Tunisia
Corresponding Author:
Mohemmad Manawer Mikhlif
Ph.D. Student, Department of
Management Sciences and
Finance, Faculty of Economics
and Management Sciences,
University of Sfax, Tunisia
The impact of digital transformation on accounting
information systems
Mohemmad Manawer Mikhlif and Soulef Smaoui
DOI: https://doi.org/10.22271/27084515.2024.v5.i1d.272
Abstract
The purpose of this paper is to determine how digital transformation could impact accounting
information systems in the financial sector in Iraq. The study used a claim that there is a statistically
significant relationship between accounting information systems and digital transformation. It employs
a descriptive analysis method, and the study individuals consisted of financial managers, financial
professionals, accountants, technicians, and researchers. The study was a random sample. After 200
surveys were distributed, 93 questionnaires were collected using the statistical packages for the social
sciences software, AMOS SPSS, with a percentage of (97%) Pearson and regression analysis. The
study produced a number of findings, one of which was that information systems are impacted by the
digital transition. Accounting in the Iraqi banking sector expresses honesty and security, and the digital
transformation has made the accounting information contained in these systems characterized by ease
of understanding and freedom from complexity. Digital transformation has contributed to the neutrality
of accounting information and raised the quality of services provided to customers. The study
recommended increasing interest in digital transformation in covering the whole digital services
banking, and the necessity of developing laws and legislation necessary to implement accounting work
in light of the trend towards the Fourth Industrial Revolution. It also recommended increasing interest
in training and qualifying human staff to keep up-to-date with the swift advancements in technology.
Keywords: Digital transformation, accounting information systems
1. Introduction
The world is witnessing rapid and subsequent modifications in the contemporary global
business conditions. With the beginning of the fourth industrial revolution, it has become
necessary for enterprises to keep pace with the increasing demands on digital transformation
to compete and to prepare for integration into the global economy in which the intensity of
competition is increasing. This has necessitated the science of accounting to influence and be
affected by these developments, and from here the idea emerged. Establishing a connection
between the idea of digital transformation and how it affects the reliability of accounting data
in financial reports, as we find that the primary goal of accounting is to prepare accounting
information about the facility to meet the needs of decision-makers, whether inside or
outside the facility, and financial reports are among the official and final outputs of the
accounting system, whether they are reported private or public, as the data that is collected
and then output in the form of information within the financial reports indicates the
importance of the numbers contained in those reports as they are the financial reporting of all
financial events and operations that took place during a specific period.
Numerous firms consider information systems to be valuable resources, and as more and
more organizations require them, the significance of these systems continues to rise.
Information is being shared by administrative institutions like ministries and educational
institutions as well as commercial businesses that are not in it for the money. And others:
these organizations require information systems to enable them to base their decisions on
sound facts, just like corporate organizations do.
Accounting information systems are among the most significant of these; given
contemporary financial and economic advancements, they are no longer only ancillary
subsystems of management information systems. Instead, it has evolved into the core of the
majority of corporate organizations, to which they paid close attention since it is a
fundamental conduit for the transmission of all types of information - financial and