The role of operational budgets in developing financial performance
DOI:
https://doi.org/10.61841/060cyf68Keywords:
Operational Budget, Financial PerformanceAbstract
The research aims to shed light on knowledge of the level of financial performance within universities according to the accounting system used and work to improve the efficiency of its financial operations and to facilitate the type of accounting information provided to the management of the educational institution in terms of financial statements and reports, so it is necessary to work on developing the forms and methods of accounting used for management to take appropriate decisions. The researchers relied on the deductive approach through testing the study hypothesis based on the financial statements of the College of Economics & Administration/Evening Studies at Al-Muthanna University for the years 2017, 2018, and 2019. Therefore, the researchers reached a set of conclusions, the most important of which is the use of management accounting tools represented by planning budgets as the basis for the rest of the colleges in determining their costs and revenues with a high degree of accuracy and objectivity. The most important recommendation that was reached is the need for senior management in Iraqi government universities to adopt the use of administrative accounting tools and be represented with planning budgets and conducting the necessary awareness process for all colleges affiliated with it to form the appropriate culture for transformation to use these tools.
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