Time Management as a Critical Success Factor in the Oil Industry of Basra Governorate: An Accounting Information Systems Study

Abstract

This study looks into the importance of time management to the oil sector activities in Basra Governorate. The purpose of this study is to investigate how 200 oil companies' (OC) time management strategies and performance are impacted by accounting information systems (AIS). Surveys and interviews were utilized to gather data for this study using a mixed-methods approach. 150 oil companies were questioned using structured questionnaires to determine how they used AIS technologies, time management techniques, and OC performance metrics. To further understand their opinions and experiences about time management and the goal of AIS, industry professionals were interviewed in-depth. Participants were picked from a range of Basra Governorate-based energy companies. The connections between AIS usage, time management techniques, and OC performance were examined by statistical analysis, including regression analysis and correlation testing. The study's results point to a connection between improved time management techniques in hydrocarbon businesses and effective AIS use. The data also shows that better time management techniques have a significant impact on OC performance, leading to an improvement in effectiveness, productivity, and profitability. The results of this study offer 200 oil businesses in the Basra Governorate helpful tips for implementing and utilizing AIS to optimize their time management. This adds to the body of knowledge already available on time management in the oil business and helps the work being done by researchers, policymakers, and industry experts to raise the performance and success of the sector as a whole.