Investigating and Validating the Impact of New Technologies Based on Accounting Information Systems on the Financial Performance of Companies Listed on the Iraqi Stock Exchange
Keywords:
validation, Iraq Stock Exchange, financial performance, accounting information systems, New technologiesAbstract
This study aims to investigate and validate the impact of new technologies based on accounting information systems on the financial performance of companies listed on the Iraqi Stock Exchange. This applied study adopts a quantitative approach and employs structural equation modeling. The statistical population consisted of financial managers and accountants of companies listed on the Iraqi Stock Exchange with more than ten years of professional experience and adequate familiarity with accounting information systems. A simple random sampling method was used, and data were collected from 200 respondents through a standardized questionnaire. The collected data were analyzed using SPSS and SmartPLS software packages. The results of structural model analysis indicated that new accounting technologies have a positive and statistically significant effect on financial performance (β=0.810, t=3.94). Key success factors, including technological infrastructure, human resource training, managerial support, and compliance with financial regulations, also showed a significant positive effect on the implementation of new technologies (β=0.722, t=3.12). Conversely, technical, organizational, legal, and cultural barriers had a significant negative effect on successful implementation and financial performance (β=0.567, t=2.43). The coefficient of determination values confirmed the strong explanatory power of the proposed model. The findings demonstrate that new technologies based on accounting information systems can substantially enhance financial performance, provided that enabling organizational conditions are strengthened and implementation barriers are effectively addressed.
Downloads
References
Abbas, K. (2025). Management accounting and artificial intelligence: A comprehensive literature review and recommendations for future research. The British Accounting Review. https://doi.org/10.1016/j.bar.2025.101551
Alizadeh, M., & Kiani, R. (2021). The impact of advanced accounting software on reducing financial errors in companies. Journal of Financial Research, 22(3), 67-80.
Bahrami, S., & Rezaei, A. (2020). Investigating the effects of using accounting software on reducing financial costs. Journal of Accounting and Management, 15(2), 33-46.
Calado, S., & Veloso, C. M. (2025). Artificial Intelligence in Accounting: Driving Value Co-Creation, Compliance, and Ethical Transformation. In Empowering Value Co-Creation in the Digital Era (pp. 75-102). IGI Global Scientific Publishing. https://doi.org/10.4018/979-8-3373-1742-7.ch004
Chen, Y., & Jiang, L. (2020). Effects of advanced accounting technologies on financial reporting: A global perspective. Accounting and Finance Review, 35(1), 38-54. https://doi.org/10.2139/ssrn.3577432
Dehghani, M., & Soltani, M. (2020). Investigating the impact of accounting technologies on the financial performance of stock exchange companies. Quarterly Journal of Financial Sciences, 8(1), 50-62.
Farhadi Touski, O., & Doustian, R. (2025). Developing New Technologies in Internal Auditing with the Help of Artificial Intelligence: Deep Learning Enables Anomaly Detection in Financial Accounting Data. Investment Knowledge, 14(55), 597-612. https://doi.org/10.30495/jik.2025.23638
Ghosh, S., & Schmid, R. (2020). Technological innovations in accounting: A study of blockchain technology's impact. International Journal of Accounting, Auditing and Performance Evaluation, 16(4), 402-423. https://doi.org/10.1504/IJAAPE.2020.110389
Johri, A. (2025). Impact of artificial intelligence on the performance and quality of accounting information systems and accuracy of financial data reporting. In (pp. 1-25). https://doi.org/10.1080/01559982.2025.2451004
Kazemi, A., & Rahmani, M. (2021). Challenges and solutions for implementing cloud accounting systems in organizations. Quarterly Journal of Economic Studies, 23(1), 77-90.
Khaleghizadeh Dehkordi, M., Sarraf, F., & Najafi Moqaddam, A. (2025). The Role of Performance Metrics in Explaining Investment Efficiency with Emphasis on Artificial Intelligence Method. Accounting and Management Auditing Knowledge, 13(51), 151-168.
Mirzaei, A. (2025). Artificial intelligence in accounting: Opportunities and challenges. Iranian Journal of Accounting Research, 18(2), 45-61. https://www.researchgate.net/profile/Alka-Pandey-6/publication/378696831_ARTIFICIAL_INTELLIGENCE_IN_ACCOUNTING_OPPORTUNITIES_CHALLENGES/links/65e573b3adc608480af9b7b0/ARTIFICIAL-INTELLIGENCE-IN-ACCOUNTING-OPPORTUNITIES-CHALLENGES.pdf
Mohammadi, N., & Jafari, S. (2020). Investigating challenges and barriers to implementing modern technologies in Iranian companies. Quarterly Journal of Financial Management, 11(2), 101-115.
Mollah, M., & Zaman, K. (2020). Impact of IT systems on organizational financial performance. International Journal of Accounting & Financial Reporting, 10(4), 234-251. https://doi.org/10.5296/ijafr.v10i4.16815
Moshayekhi, B., & Amirollah, M. R. (2025). The Impact of Knowledge and Professional Skepticism of Internal Auditors on the Adoption of Artificial Intelligence. Experimental Accounting Research, 15(2), 1-28. https://doi.org/10.22051/jera.2025.50268.3523
Nembe, J. K., Atadoga, J. O., Mhlongo, N. Z., Falaiye, T. F., Daraojimba, A. I., & Oguejiofor, B. B. (2025). The role of artificial intelligence in enhancing tax compliance and financial regulation. Finance & Accounting Research Journal, 6(2), Article 822. https://doi.org/10.51594/farj.v6i2.822
Othman, H., & Mahmood, R. (2021). Evaluating the effects of cloud computing on the performance of financial services firms. Journal of Financial Services Marketing, 26(3), 200-214. https://doi.org/10.1057/s41264-021-00092-1
Rahimi, H., & Bahrami, M. (2020). Analysis of the role of staff training in the successful implementation of modern accounting technologies. Journal of Accounting Education, 5(2), 103-115.
Rezaei, A. (2020). The impact of using artificial intelligence in accounting systems on improving financial decisions. Journal of Accounting and Modern Technologies, 7(3), 45-58.
Saadati, E., Ansari, Z., Farahmandnia, A., & Asadi Mehr, K. (2025). A strategy-oriented approach to the application of artificial intelligence technology in accounting: With reference to auditing and management accounting trends. Strategic Management Accounting Quarterly, 2(2), 1-20.
Sadeghi, S. (2019). The impact of modern technologies on improving financial transparency in stock exchange companies. Journal of Economics and Accounting, 12(3), 110-120.
Saghafi, A., & Parsapour, M. R. (2025). Investigating the impact of accounting data analysis using generative artificial intelligence on the quality of digital sustainability reporting considering the mediating role of green sustainability internal control systems. Financial Accounting Knowledge, 12(1), 1–31. https://doi.org/10.30479/jfak.2025.21533.3270
Saha, A., & Agarwal, S. (2020). Blockchain adoption and its influence on accounting information systems. International Journal of Information Management, 52, 72-82. https://doi.org/10.1016/j.ijinfomgt.2020.04.004
Soliman, K. S. (2019). The impact of information systems on financial performance: Evidence from emerging markets. International Journal of Economics, Finance and Management Sciences, 7(3), 158-165. https://doi.org/10.11648/j.ijefm.20190703.12
Srinivasan, A., & Seshadri, S. (2020). The effect of information technology on corporate financial performance: Evidence from India. International Journal of Business and Management, 15(2), 75-90. https://doi.org/10.5539/ijbm.v15n2p75
Wang, C., & Lee, J. (2019). The role of artificial intelligence in accounting: Current trends and future implications. Journal of Accounting Education, 48, 63-73. https://doi.org/10.1016/j.jaccedu.2018.11.004
Yousefi, M. (2020). The impact of using big data in accounting systems on improving financial decisions. Journal of Accounting Information Technology, 9(2), 30-44.
Zebua, S., & Widuri, R. (2023). Analysis of Factors Affecting Adoption of Cloud Accounting in Indonesia. Journal of Theoretical and Applied Information Technology, 101(1), 86-105. http://www.jatit.org/volumes/Vol101No1/8Vol101No1.pdf
Zhang, W. (2023). The Application of Cloud Accounting in Enterprise Financial Decision Making in the Era of Big Data. Applied Mathematics and Nonlinear Sciences, 9(1). https://doi.org/10.2478/amns.2023.1.00153
Zhao, S. (2023). Financial Risk Assessment Management of Cloud Accounting SOEs Based on Spillover Index. Applied Mathematics and Nonlinear Sciences, 9(1). https://doi.org/10.2478/amns.2023.1.00216
Downloads
Published
Submitted
Revised
Accepted
Issue
Section
License
Copyright (c) 2025 Sultan Bahjat Badr Al-gburi (Author); Mehrdad Ghanbari (Corresponding author); Forouzan Mohammadi, Maryam Nouraei (Author)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
