Towards Integrated Management Accounting System for Measuring Environmental Performance

Authors

  • Suhail Abdullah Al-Tamimi Department of Accounting, College of Administration & Economics, University of Basrah, Basrah, Iraq

Keywords:

Integrated management accounting system, environmental performance, IT infrastructure, Productivity

Abstract

The study's primary purpose was to assess whether integrating various IT capabilities into the integrated management accounting system has a favorable effect on environmental performance. Many corporations in the oil and gas industry have experienced environmental conservation difficulties that have led to lawsuits. In most instances, these individuals were unaware of the environmental consequences of their decisions until the hazards materialized. The management accounting system facilitates informed decision-making and enables businesses to meet environmental goals. Therefore, the purpose of the present study was to collect data from Iraq's oil and gas industry to examine how integrated managerial accounting systems might lead to improved environmental performance in enterprises by leveraging IT infrastructure and capabilities. Three hundred and twenty-three respondents were surveyed for the quantitative study. Amos was used to conducting structural equation modeling on the data. The research found that both the direct and indirect effects were positive and substantial. This suggests that using integrative technology and management accounting systems in the oil and gas business can lead to Environmental Conservation. Numerous literary and practical merits of the study have been explored. In addition, the limitations and prospects of the study are discussed.

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Published

2022-12-01