Modern Accounting Competency Affecting the Financial Reporting Quality of Company Accountants in the Northeast Region
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Abstract
The research was aimed to 1) study the level of opinions towards the modern accounting competency of company accountants in the Northeast, 2) study the opinion levels regarding the quality of financial reporting among the company accountants in the Northeast, and 3) examine the impacts of modern accounting competencies on the quality of financial reports among these accountants in Northeast. The study employed a quantitative research design. The data were collected from 228 company accountants in the Northeast region of Thailand using a simple random sampling method. The research instrument was a questionnaire. The descriptive statistics were Frequency, percentage, mean, and standard deviation. Hypothesis testing was conducted using multiple correlation analysis and multiple regression analysis.
The results revealed that 1) the company accountants showed a high level of modern accounting competencies, with the most accounting knowledge and skills. 2) The company accountants perceived the quality of overall financial reporting as high, with a high timeliness rate. 3) The modern accounting competencies of financial statement preparation and reporting, including relevance, accounting ethics, and internal auditing, contribute to the overall quality of financial reporting. The findings highlighted the importance of developing modern accounting competencies, which support the quality of financial reports and can be effectively implemented to make them relevant. Therefore, the chief executives should significantly strengthen the proficiency of accountants in financial statement preparation and reporting, accounting ethics, and internal auditing to be a practical and effective accounting competency.
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