The Impact of Accounting Information Systems on Enhancing Financial and Investment Planning Efficiency in Iraqi Government Banks

Abstract

The current paper is a research article that explores the potential of Accounting Information
Systems (AIS) in increasing efficiency of financial and investment planning in Iraqi
government banks. It is founded on the DeLone and McLean Information Systems Success
Model and the research on the impact of the quality of the system, quality of information,
quality of service and user training on the performance of the planning is conducted based on
the Decision Usefulness Theory. A structured questionnaire was applied to 320 AIS users of
3 large state banks in Iraq, and the quantitative and descriptive-analytical research design was
selected. The number of the valid responses entered into SPSS and SmartPLS 4 was two
hundred and eighty-seven in order to receive the structural equation modelling.
The results indicate that the AIS elements positively and significantly impact planning
efficiency, and the quality of information proves to be the most powerful factor ( = 0.32, p <
0.001). This structural model had the ability to describe 64 percent of the variation in the
planning efficiency and the user satisfaction was determined to mediate between the use of
AIS and planning results. The theoretical premise of the findings results that have been
obtained confirm the hypothesis that having the capability of the system and interaction with
its users would result in a successful financial planning and investment decision-making.
The study provides realistic suggestions to policy makers and managers in the banking
industry to improve data governance, to train the users on the continuous basis and to
introduce integrated planning tools. It is also consistent with the broader scale changes of
financial management in Iraq. The future research should consider extending the longitudinal
effects, comparing them to the private banks and applying the AIS, advanced analytics and
reporting systems. The article will contribute to the improvement of the understanding of the
capacity of the digital systems to drive the strategic financial performance in the framework
of the public banking sector