Financial management practices and their impact on organisational performance within the accounting information system in Iraq

This study explores the consequences of the financial management models on organisational performance within the accounting information system in Iraq, with special attention to budgeting, financial reporting, and risk management. The research employed partial least squares structural equation modelling (PLS-SEM) based on the data collected from a questionnaire of 500 managers in various business sectors in Iraq to discover how financial strategies affect managers' level of satisfaction. Execution of budget-making and financial decision-making operates better with precise budgeting and financial reporting. Nevertheless, risk management by a slight margin was considered less direct based on the fact-finding phase of the study. Real implications are concerned with providing funding and further modernisation in the Iraqi corporate sector, with plans and actions aligning with the corporate objectives. This study is distinctive in presenting the importance of financial management's role, particularly for Iraq, when little research exists. It is likewise presented to cover green management strategies after properly comprehending good financial leads.

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Publication Details

Journal
Global Business and Economics Review
Published
2025-12-11
DOI
https://doi.org/10.1504/gber.2026.150353
Citations
1
Primary Topic
Innovations and Analysis in Business and Education
Type
article
Field-Weighted Citation Impact
2.11
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article

Financial management practices and their impact on organisational performance within the accounting information system in Iraq

1 citations
Global Business and Economics Review
Innovations and Analysis in Business and Education
2.11
article

Financial management practices and their impact on organisational performance within the accounting information system in Iraq

article en
1 citations

Abstract

This study explores the consequences of the financial management models on organisational performance within the accounting information system in Iraq, with special attention to budgeting, financial reporting, and risk management. The research employed partial least squares structural equation modelling (PLS-SEM) based on the data collected from a questionnaire of 500 managers in various business sectors in Iraq to discover how financial strategies affect managers' level of satisfaction. Execution of budget-making and financial decision-making operates better with precise budgeting and financial reporting. Nevertheless, risk management by a slight margin was considered less direct based on the fact-finding phase of the study. Real implications are concerned with providing funding and further modernisation in the Iraqi corporate sector, with plans and actions aligning with the corporate objectives. This study is distinctive in presenting the importance of financial management's role, particularly for Iraq, when little research exists. It is likewise presented to cover green management strategies after properly comprehending good financial leads.

Global Business and Economics ReviewVol. 34(1)
University of Basrah (IQ), Universiti Sains Malaysia (MY)
Peace, Justice and strong institutions
Openalex Percentile: Top 9%
Innovations and Analysis in Business and Education
2.11
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