Effectiveness of Using Electronic Accounting Information Systems at Industrial Companies in Misurata City

Abstract

The study aims to identify the use of electronic accounting information systems in the industrial companies in Misurata, in terms of the availability of its components, and to determine whether there are obstacles that limit the ability of electronic accounting information systems to achieve the quality of financial reports. A questionnaire was designed to collect data from the study sample (accountants, heads of departments and managers of industrial companies in Misurata). 72 questionnaires were distributed and 65 of them were retrieved, all valid for statistical analysis. Wilcoxon signed rank test was used to test the hypotheses of the study; Pearson correlation coefficient was used to test the effect of electronic accounting information systems on achieving quality in financial reports. The results of the study showed that the industrial companies operating in Misurata city have adequate regulations and instructions issued by the senior management regarding the operation of electronic accounting information systems. Moreover, the industrial companies have efficient operators of electronic accounting information systems. The study also showed a positive correlation at the level of statistical significance of 1% between the elements of the electronic accounting system (regulations and instructions, software and hardware, and the efficiency of system operators) and the quality of financial reports. Based on the findings of this study, it is recommended to encourage the use of electronic accounting systems at industrial companies and to train the operators of the electronic accounting information systems so that they keep abreast of advances in information technology.