The Impact of Accounting System Effectiveness in Organizing Financial Management in Companies: A Field Study

Abstract

The study aimed to improve the performance of financial companies and organize their financial management by activating the accounting system within them. This system is considered a key factor in improving the performance of companies and organizing financial management. An adopted questionnaire was distributed to a sample of 85 individuals for the purposes of research and analysis.  Only 82 questionnaires were adopted, with a percentage of 96% of the distributed questionnaires. The study came up with several results including that the financial and accounting information reports contribute to the improvement of financial management in companies by providing accurate and important information about the status of the financial company. In addition, modern methods present opportunities to improve financial management and achieve financial objectives in companies. The study recommended emphasizing that effective accounting tools improve financial management organization in companies, as they can be used to analyze financial data, evaluate company performance, and make the correct financial decisions. It is also necessary for companies to use accounting software and modern techniques to improve financial management and achieve their financial objectives in a better way as these tools provide accurate analysis, detailed reports, and save time, effort, and accuracy in financial data.