The Effects of the New Treasury Accounting System on the Qualitative Characteristics of Financial Information

The new Treasury Accounting System was introduced by the Deputy Ministry for Financial Supervision and Treasury Affairs in 2016. In line with that, the purpose of the present study is to investigate the effects of the implementation of the new Treasury Accounting System on the qualitative characteristics of the Treasury's financial information. The statistical population of the research comprised all managers and financial employees of the Deputy Ministry for Financial Supervision in General Directorate of Economic Affairs and Finance in Tehran and other Iranian provinces. The data was collected using a questionnaire. Considering the normal or abnormal distribution of the data, one sample T-test or Median-test was applied to test the hypotheses. The results of the hypothesis testing indicated that the implementation of the new Treasury Accounting System would increase the relevance, reliability, comparability and understandability of the Treasury data. Nevertheless, the new Treasury Accounting System will reduce the timeliness of the Treasury data. Overall, the findings suggest that the implementation of the new Treasury Accounting System increases the quality of the information of the Treasury. Thus, new Treasury Accounting System has been able to be useful in case accountability and providing information for decision making.