The Role of Digital Accounting in Improving the Quality of Financial Reporting Information and Its Impact on the Accuracy of Financial Analysts’ Predictions: A Field Study

Abstract

The main objective of the research is to study the role of digital accounting in improving the quality of financial reporting information and its impact on the accuracy of financial analysts’ forecasts in the Egyptian business environment. This ultimately leads to enhancing the relevance, reliability, consistency, comparability, and understandability of the accounting information contained in financial reports, which positively affects the accuracy of financial analysts’ predictions. Consequently, it stimulates investment activities in the Egyptian stock market, increases trading volume, and contributes to the achievement of Egypt’s Vision 2030. The research was based on a field study, and data was collected through survey questionnaires. The research sample consisted of (85) individuals, including internal auditors and accountants working in companies listed on the Egyptian Stock Exchange. The study also provided several recommendations, the most important of which is the necessity of adopting digital accounting in companies as one of the requirements of the digital age and the digital economy, so that they can meet the requirements for digital transformation and the establishment of a digital Egypt. Companies should also focus on providing the necessary technologies to implement digital accounting. Keywords: Digital Accounting, Quality of Financial Reporting Information, Accuracy of Financial Analysts’ Forecasts