General description
Accounting and financial information systems are considered ones of the most important information systems that help institutions to take their decisions in a correct scientific way, as they are digital data and are the result of official documents. Accounting work records, arranges, classifies and displays activities in the form of reports that show the results of these institutions of profit or loss. The reports also show the financial situation (budget). Financial management also plays an important role in the success of institutions and in achieving their goals through their scientific tools in financial analysis, studying the feasibility of investments and determining appropriate financing methods and achieving financial balance in the institution and assisting management at various levels in making their decisions based on a correct scientific manner, as it strikes a balance between the goals of profitability and liquidity and the optimal use of the financial resources available to the institution.