The Impact of technological advancement on financial statement preparation in the banking institutions An applied study on Jumhouria bank (Birqin&qatta)

Abstract

This study aims to examine the impact of technological advancement on financial statement preparation in banking institutions, through an applied study on Jumhouria Bank (Birqin and Qatta branches, Wadi Al-Shati). The study adopts a descriptive-analytical approach, using a questionnaire distributed to a sample of 30 employees. Data were analyzed using SPSS software. The findings reveal a statistically significant impact of technological advancement on the quality of financial statements, particularly in terms of timeliness, accuracy, and auditability. The results also indicate that modern accounting systems enhance real-time data updates and reduce human errors. However, challenges remain regarding employees’ trust in system accuracy and the lack of integrated centralized databases. The study recommends improving technological infrastructure, strengthening electronic auditing systems, and providing continuous training to enhance employees’ competencies and improve financial reporting quality.