Contemporary Accounting Practices and Their Role in Enhancing Institutional Performance Efficiency: A Theoretical Study of Administrative Institutions

Abstract

This paper aims to explore the role that contemporary accounting practices play in improving the efficiency of institutional performance, in light of rapid economic and technological transformations and the requirements of sustainable spatial development. The study is based on a descriptive analytical approach supported by a review of relevant literature and previous studies, in addition to an analysis of the most prominent modern accounting practices such as environmental accounting, social responsibility accounting, digital accounting, and intellectual capital accounting. One of the most important findings of the study, in accordance with its objectives, was that contemporary accounting practices have become a strategic element for enhancing the efficiency of institutional performance. Also, one of the most important findings of the study was that integrating environmental and social accounting raises the level of transparency and increases the confidence of stakeholders. One of the most important recommendations of the study is the need to apply contemporary accounting practices: The study recommends the need to apply contemporary accounting practices in institutions to improve institutional performance. The study also recommends providing training and continuous education: The study recommends providing training and continuous education for employees in the field of accounting to improve the application of contemporary accounting practices.