Effect of Accounting Information Systems, Teamwork, and Internal Control on Financial Reporting Timeliness

Abstract

This study aims to analyze the factors affecting the timeliness of cooperative financial reporting. The methods of measurement and accountability of financial statements must be timely, as it is critical information for making decision. Factors related to accounting information system problems such as timeliness of financial reporting, accounting information systems, teamwork, and internal control were identified in the study as a model. The method in this research is quantitative by taking survey data. The data were processed using SPSS 25, with a model test and partial test to produce a study to analyze the factors that affect the timeliness of cooperative financial reporting. The samples consisted of 60 cooperatives from the city of Tangerang, in Indonesia. The correspondents have published financial reports for each period of the current year and were a legal entity. Furthermore, primary data were collected by a questionnaire using a Likert scale and analyzed by multiple linear regression. The results showed that the Accounting Information System, Teamwork, and Internal Control had a positive and significant effect on the Timeliness of Financial Report Submission. Therefore, the cooperative that prepares financial reports in a timely manner has applied the principles of accountability and transparency.

The Impact of the Implementation of Student Tuition Payment Information Systems on the Quality of Financial Reports: A Case Study at Universitas Komputer Indonesia

“…In addition to the accounting information system, the internal control system is the focus in influencing the quality of financial reports. The results of the study indicate that accounting information systems, teamwork, and internal control have a positive and significant effect on the timeliness of submitting financial reports [15]. The results of this study indicate many factors that affect the quality of financial statements.…”

Impact of Sharing Auditors with Related Party on the Time-liness of Financial Report

“…Research on the influencing factors of the timeliness of financial reporting is mainly from the perspective of firms' internal governance and external factors. Scholars have find that company size, profitability, ownership structure, internal control board characteristics and executives characteristics affect the timeliness of financial reporting [14][15][16][17][18]. Median exposure, audit quality, social responsibility and auditor locality also influence the timeliness of financial reporting [19][20][21].…”

Control interno en la rentabilidad de una empresa de servicios generales - Perú

“…Ellos concluyeron, que el trabajo en equipo, cumplimiento de controles internos y coordinación adecuada afecta positivamente a las cooperativas. (Mardi et. al.,2020) En una investigación, cuyo objetivo fue analizar las estrategias de gestión de efectivo que inciden en relación a la rentabilidad de las economías de las entidades.…”