The Impact of Accounting System Development on Financial Performance Evalution: Afield Study of the Financial Services Administration in Bani Walid

Abstract

This study aimed to examine the impact of accounting system development onfinancial performance in the Financial Services Administration of Bani Walid. To achieve the study objectives and test it's hypothesis, the researcher selected the Financial Services Administration in Bani Walid as the study population. The study sample consisted of managers, accountants, auditors, and heads of financial departments. A botal of 30 questionnaires were distributed.

The study reached several findings, the most important of which was the existence of a statistically significant positive effect of accounting system development on financial performance in the Financial Services Administration of Bani Walid. The results also showed that developing the accounting system contributes to the continuity of the institution, reduces accounting errors, and serves as a means of generating data that assist in evaluating performance. This supports the processes of development and organizational change and facilitates decision-making while improving the effectiveness of administrative operations within the institution.