The relationship between the relevance of financial information and accounting information systems

The objectives of this study are to explain and determine the reality of the use of accounting information systems in Iraqi commercial banks and to measure the impact of this use in terms of financial information according to international accounting standards. The target population of the study consists of all financial persons working in the accounts and budget departments of Iraqi commercial banks who responded to the researcher. The sample of the study was determined by random sampling method from the study population. The questionnaire was distributed to all sample members and 220 questionnaires were collected. A total of 220 people participated in the study, of which 163 (74.1%) were male and 57 (25.9%) were female. When the responses to the questionnaire used to determine the perceptions of the participants towards the accounting information system of the bank they work for were analysed, it was seen that the highest average score was obtained from the data dimension with 4.11±0.44 points and the lowest average score was obtained from the procedures and instructions dimension with 3.47±0.35 points. The perception of female employees towards human, data, software, information technology infrastructure and internal controls was significantly more positive than male employees (p<0.05). There was a positive relationship between age and perception of human, software, information technology infrastructure, data and internal controls. A positive and high level relationship was found between professional seniority and human, data, software, information technology infrastructure and internal controls, while a positive and weak relationship was found between procedures and instructions. The mean score of women on the item "The bank's accounting information system provides additional information (analytical lists, statistical tables, graphs, etc.) that supports management in making comparisons and evaluating performance" is significantly higher (p<0.05) than that of men. Positive, very low and low level relationships were found between age and relevance of financial information. A positive and low level relationship was found between professional seniority and relevance of financial information. As a result of our study, a positive relationship was found between the relevance of financial information and accounting information system.