The Role Of Management Accounting System To Enhance The Sustainable Financial Reporting
Alhamdi Mohammed, Suzana Sulaiman, Norlaila Md Zin · The European Proceedings of Social & Behavioural Sciences · 2023
This study delves into the critical interplay between Management Accounting Systems (MASs) and Blockchain Technology (BT) in the context of SMEs in Iraq, with a specific focus on how these elements can collectively augment Sustainable Financial Reporting (SFR). SMEs represent a significant portion of Iraq's economic landscape, and their financial transparency is crucial for economic growth and investor confidence. To investigate this intricate relationship, the study gathered data from 580 Iraqi SMEs employing a comprehensive questionnaire. Employing the Partial Least Squares Structural Equation Modeling (PLS-SEM) approach, the study meticulously analyzed the connections between MAS, BT, and SFR. Additionally, it explored the mediating role of BT in the relationship between MAS and SFR. The findings of this research uncover the substantial potential for enhancing SFR within SMEs by integrating effective MASs and BT. This discovery carries profound implications for policymakers, emphasizing the importance of creating a supportive ecosystem to facilitate the seamless adoption of these technologies within the SME sector. Furthermore, the study extends its significance by providing actionable insights for SMEs in Iraq, enabling them to navigate the complex landscape of financial reporting more effectively. As a call to action, the article urges future research endeavors to further explore and expand upon the evolving role of emerging technologies, like blockchain, in advancing SFR practices among SMEs. In doing so, it contributes to the broader body of knowledge surrounding the dynamic relationship between technology and sustainable financial reporting in the context of SMEs.