The Role of Future Accounting Information and The Quality of Financial Reports in Making Decisions

Abstrak

The research aims to study future accounting information and the quality of financial reports in decision-making. It was studied through a questionnaire distributed to 30 samples of lecturers and professionals working at Wasit University in different scientific specializations. The results indicated that accounting information is the main pillar in the decision-making process, and management in companies relies on future accounting information derived from financial statements in decision-making. Some companies prepare special financial reports other than the basic financial reports, which enhances the possibility of obtaining additional accounting information. The availability of experience and professional skill of the auditor in discovering errors in financial reports, which is positively reflected in the quality of financial reports. Accordingly, the researcher recommended the necessity of disclosing future accounting information because of its impact on decision-making. And educating investors about the importance of future financial information disclosed by companies and how to benefit from it in making their decisions by holding seminars and issuing awareness bulletins. And the necessity of benefiting from modern information systems, statistical methods and mathematical methods in the process of preparing future financial information. As well as the necessity for companies to use computers to save and store accounting data, to obtain accounting information to provid eaccuracy and speed in delivering this information to decision-makers in companies.