Re-engineering banking accounting processes in light of digital transformation to support competitive advantage: A case study in the Bank of Baghdad

Abstract

This study aims to clarify the justifications for applying the re-engineering of accounting information systems in economic units and re-engineering accounting information systems by examining and analyzing their accounting information systems and diagnosing the problems they suffer from in preparation for the application of digital transformation. In light of the nature of the problem and the goal and importance of the study, the researcher relies on the deductive approach in terms of reviewing and deducing scientific studies that addressed the subject of the study, as well as the inductive approach through which the concepts of re-engineering banking accounting operations are highlighted in light of the digital transformation. The descriptive analytical approach was used to answer the study hypotheses and reach the results through a case study in the Bank of Baghdad. The study reached a set of conclusions, the most important of which are: Digital transformation provides units with the ability to improve business operations by integrating all functional areas within the unit in a way that financial and non-financial data are integrated equally.