Accounting information systems and financial crises: insights into local governments

Abstract

The main purpose of this study is to investigate issues related to accounting information systems and the financial crisis in the Palestinian local authorities. This study follows the qualitative method, relying on reports issued by governmental and oversight agencies, scientific articles, previous studies, press statements, and reports published by the Palestinian local authorities and the Palestinian Ministry of Local Government. The study was conducted during the period between 2019-2022. The most critical issues related to the financial crisis and the success of accounting information systems in the Palestinian local authorities were discussed. Thus, the study enriches the literature about the Palestinian local authorities’ reality. Improving awareness of the reality of accounting information systems and the financial crisis in the Palestinian local authorities. Contribute to establishing an integrated vision of the accounting information systems’ role in managing financial crises. Contribute to providing a comprehensive vision of the reality of the Palestinian local authorities by addressing their history, objectives, roles, duties, obstacles, and characteristics in addition to laws and oversight. The study reached many conclusions, the most prominent of which was that the financial crisis management effectiveness stems mainly from adopting successful accounting information systems. The study provided many recommendations and directions for future studies toward further investigating the relationship between the success of accounting information systems and the effectiveness of managing financial crises.