The Impact of Financial Accounting in Decision Making Processes in Business

Purpose: The purpose of research to address some of the shortcomings in the procedures and structure of internal control by following a variety of methods of financial tools and relying on modern administrative trends. Theoretical framework: These include administrative intelligence to advance the financial work of economic units and to overcome their crises and work to achieve economic growth and entrepreneurship in their various economics. Design/methodology/approach: The practical part was carried out on a sample of banks listed in the Iraqi Stock Exchange. There are (3) three banks as a sample to adopt the financial ratios of these banks in order to continue achieving entrepreneurship and its growth in the Iraqi banking sector, which represents the research Sample. Findings: One of the requirements to advance the reality of banks’ internal control systems is to develop their procedures and strengthen them with financial intelligence (FI) methods and tools such as the use of the Balanced Scorecard Card (BSC). Research, Practical & Social implications: The study proposes a model for the supervisory procedures supported by financial tools to achieve the administrative intelligence of entrepreneurship, through the adoption of the balanced scorecard. Originality/value: The use of more financial methods and skills stimulates the acquisition of skills to better invest human capabilities in order to achieve entrepreneurship. As for FI, it is one of the accounting applications that enhance the work of financial and control systems for its ability to employ local information efficiently drawing up future financial policies and plans.

Section: D-giving Express Instructionsmentioning

confidence: 99%

Supporting the Internal Control of Banks With the Methods of Performance and Financial Intelligence to Achieve Leadership in Business: an Analytical Study of a Sample of Iraqi Banks

Mahdi¹,

Noorullah²,

Jasim³

2023

“…Therefore, it is necessary to have quality, to ensure the correctness of decisions based on that information (Widyaningsih, 2016;Abass et al, 2022). It is considered Accounting data are the results of the bank's business, which are published in the form of financial statements (Al-Refiay et al, 2022).…”

Section: Literature Reviewmentioning

confidence: 99%

The Mediating Role of the Balanced Scorecard in the Relationship Between Internal Control and the Financial Reports Quality

Hammood¹,

Dammak²

2023

Purpose: this study aims to measurement the role of the mediating of performance evaluation according to the Balanced Scorecard (BS) in the relationship between internal control (IC) and the financial reports quality (FRQ) in Iraqi commercial banks. Theoretical framework: The general framework of the study includes three variables, including performance evaluation according to the BS, in the relationship between IC and the FRQ. Design/methodology/approach: We are used the descriptive-analytical approach. Iraqi commercial banks were identified as a research community, Banks (Bank of Baghdad, Commercial Bank of Iraq, and the Iraqi Investment Bank). It required a survey of the opinions of managers and workers in the banks under study from accountants and auditors, the research sample was represented (managers in all banking departments, consultants, accountants, auditors), (245) forms were distributed and retrieved from them (224) valid for analysis. Findings: The results showed existence of a significant effect of internal control system (ICS) in enhancing the FRQ. Research, Practical & Social implications: The use of the BS as a tool can enhance IC and improve the quality of financial reporting for the banks under study. Originality/value: A few studies investigated the relationship between the studied variables, our study contributes to filling part of the research gap related to the research variables.

“…Committee AICPA ICs are processes that are performed by the board of directors, persons and are designed to provide reasonable assurance regarding the objectives achievement of operational control relating to the efficiency and effectiveness of operations, oversight of financial reporting and compliance with control (Thijeel et al, 2018;Al-Refiay et al, 2022).…”

Section: Internal Control Systemmentioning

confidence: 99%

Corporate Governance and its Impact on the Efficiency of Internal Control on Non-Profit Government Institutions: an Exploratory Study

Ismail¹,

Xia²,

Al-Kanani³

2023

Purpose: The aim of the research is to define the importance of Corporate Governance (CG) and its role in providing appropriate environment to operate the internal control system (ICS) to achieve goals of non-profit governmental institutions. Theoretical framework: The research included defining the nature of corporate governance in light of the internal control systems in Iraqi government institutions that are not aimed at achieving profits. Design/methodology/approach: The research was implemented on a sample of non-profit governmental institutions. The researcher used the descriptive method in the theoretical aspect and analysis in the applied aspect. The research reached a set of conclusions, and the research came out with a set of recommendations that serve its objectives. Findings: The study concluded that there is a relationship between the main and secondary variables, and we conclude from the results that activity of the higher administrations should not be limited to directing the dissemination of the concepts and principles of institutional governance. Research, Practical & Social implications: In light of the adoption of the concept and principles of institutional governance. And efficient ICS that are able to lead the modernization trends in the public service without giving way to the spread of administrative and financial corruption, which has become a scourge that afflicts the body of the Iraqi government institutions at the present time. Originality/value: This study is one of the limited studies that dealt with corporate governance in non-profit organizations in Iraq, in light of the high levels of administrative and financial corruption, as well as weak internal control systems.