The Impact of Implementation of E-Accounting System on Financial Performance with Effects of Internal Control Systems

Abstract

The advent of the information technology era has radically changed the way of accounting process to provide efficient decision making and it forced companies to react to the new changes in order to remain competitive. This study aimed at identifying the impact of implementation of e-accounting system on financial performance with effects of internal control systems in services industry. The population of the study consisted of all listed companies have been operating in United Arab Emirate. Questionnaires were distributed among them through e-mail; the researcher designed the questionnaire to target financial managers, accountants and internal auditors who worked at these companies. The hypotheses of the study were tested using the appropriate statistical methods, which are Cronbach Alpha, standards deviations and means, and One Sample T-(Test). The results of this study indicate that implementation of e-accounting system at these companies caused to effect on financial performance with effects of internal control systems. Results also show that measures of risk are more closely associated with internal controls and will effect on using e-accounting systems in these companies.

Keywords: E-accounting systems, Internal control systems, Financial performance, Risk.