IMPACT OF ACCOUNTING TECHNOLOGIES ON THE QUALITY OF FINANCIAL REPORTS IN OMAN'S PRIVATE SECTOR

Abstract

Despite global advancements in accounting technologies, their implementation in Oman remains limited due to organizational resistance, insufficient training, and regulatory constraints. This study investigates the impact of advanced accounting technologies, particularly cloud computing and artificial intelligence (AI), on the quality of financial reporting in the Omani private sector. The study adopts a quantitative approach, utilizing a structured questionnaire distributed to accounting professionals across various private sector organizations in Oman. Data analysis involved descriptive statistics and Pearson correlation to assess the relationship between technological adoption and reporting quality. The results indicate a strong positive correlation between the use of cloud and AI technologies and improvements in the quality of financial reporting. Respondents confirmed that these technologies enhance real-time reporting, reduce errors, and support better decision-making. However, several barriers were identified, including high implementation costs, a lack of technical expertise, and concerns over data security. This research provides valuable insights for practitioners, decision-makers, and policymakers, highlighting the need for supportive strategies, targeted training programs, and robust regulatory frameworks to facilitate the effective adoption of accounting technologies.