The impact of digital transformation on accounting information systems

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.