Abstract
The main purpose of this study is to investigate the role of the quality of accounting information in improving the effectiveness of pre-financial crisis management. The importance of accounting information stems from reducing the state of uncertainty and increasing the level of confidence of the decision-maker, especially during critical times such as financial crises. Therefore, by understanding this role in managing financial crises, Palestinian government universities can effectively detect early signs of the financial crisis, which in turn enhances their ability to prepare for and prevent the financial crisis. In fact, this contributes to supporting the ability of these universities to create and follow a proactive strategy in facing and limiting financial crises, in which the quality of accounting information performs a crucial role. The study used the descriptive analytical method and the quantitative approach, where the manual questionnaire was adopted as a tool for data collection. The population of the study is represented by the employees of the accounting and financial departments at Al-Aqsa University, which are 40 employees, and they all constituted the sample of the study. The study relied on the Smart-PLS program (v.3.3.3) to analyze data and test hypotheses. The findings revealed a statistically significant impact of the quality of accounting information in achieving the effectiveness of pre-financial crisis management. Accordingly, the study recommended the necessity of availability and reliance on high quality accounting information for its critical and vital role in detecting early signs of the financial crisis and improving preparedness and prevention capabilities. Future research is recommended to focus on exploring the mediating and moderating factors that affect the relationship between the quality of accounting information and pre-financial crisis management.
Highlights
Our contemporary world are engulfed by various crises and disasters of various kinds, such as administrative, financial, environmental, political, economic, security and socialINTERNATIONAL JOURNAL OF ACADEMIC RESEARCH IN ACCOUNTING, FINANCE ANDMANAGEMENT SCIENCES crises
The main purpose of this study is to investigate the role of the quality of accounting information in improving the effectiveness of pre-financial crisis management
The results showed with regard to hypothesis (H2) that there is a positive and meaningful relationship between the quality of accounting information and the discovery of early warning signs of a financial crisis (S.D.) (t=17.969, p=0.000)
Summary
Our contemporary world are engulfed by various crises and disasters of various kinds, such as administrative, financial, environmental, political, economic, security and socialINTERNATIONAL JOURNAL OF ACADEMIC RESEARCH IN ACCOUNTING, FINANCE ANDMANAGEMENT SCIENCES crises. Despite the exposure of people through various crises through successive civilizations, the interest in the science of crisis management has emerged only recently. This is due to the multiplicity of crises and devastating disasters with changing forms, in addition to the scientific and development renaissance all over the world. The method of dealing with the crisis adopted by the organization is considered a basis for its success or failure in resolving the crises it encounters. These methods vary in the form of positive and effective solutions that enrich the organization and support its position. Passive and traditional withdrawal solutions may affect current status and stability (Abusisi, 2020). Abusisi (2020) further asserted the scenario would reflect on economic condition and sustainability may lead to the possibility of failure to harmonize and adapt to crises, especially the financial crisis
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