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

Authors: Hisham Noori Hussain Al-Hashimy; Jinfang Yao

Addresses: College of Computer Science and Information Technology, University of Basrah, Basrah, 61004, Iraq ' School of Languages, Literacies and Translation, Universiti Sains Malaysia, Penang, 11800, Malaysia

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.

Keywords: Iraq; organisational performance; financial management; budgeting; financial reporting; risk management.

DOI: 10.1504/GBER.2026.150353

Global Business and Economics Review, 2026 Vol.34 No.1, pp.114 - 134

Received: 30 Apr 2024
Accepted: 25 Aug 2024
Published online: 10 Dec 2025 *

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