Digital Transformation and Its Impact on the Quality of Accounting Information in Financial Statements (A Field Study of Commercial Banks Operating in Al-Abyar City)

Abstract

     This study aims to identify the impact of digital transformation on the quality of accounting information in financial statements of commercial banks operating in Al-Abyar City. It focuses on identifying the reality of digital transformation implementation, assessing the level of accounting information quality, analyzing the contribution of digital transformation to improving accounting information quality, and identifying the main challenges facing its implementation. To achieve these objectives, the study adopted the descriptive-analytical approach and used a questionnaire as the main instrument for data collection. The questionnaire was distributed to a sample of 50 employees working in the commercial banks under study. The results revealed a positive orientation toward the application of digital transformation and a high level of accounting information quality in financial statements. The findings also indicated a positive contribution of digital transformation to improving the quality of accounting information by enhancing its accuracy, relevance, reliability, comparability, and understandability.

      In addition, the study identified several challenges that may limit the full benefits of digital transformation, including the need to develop technical skills and competencies, improve technological infrastructure, enhance training and technological culture, strengthen information security, and provide the necessary financial resources. The study recommends continuing to develop digital transformation in commercial banks, updating digital systems and technological infrastructure, qualifying employees and developing their technical skills, strengthening information security, and maintaining continuous control over the quality of accounting data and information before the preparation of financial statements.