Organizational Development Towards Quality Financial Reporting of State Enterprise in The Energy in Thailand

Abstract

The objective of this research is to propose a development manual for enhancing the quality of financial reporting in state-owned enterprises (SOEs) within the energy sector in Thailand. This is a qualitative study, with key informants being five accounting practitioners from state-owned enterprises in the electricity sector, selected through purposive sampling. Data were collected through in-depth interviews. The findings reveal five key approaches for organizational development toward high-quality financial reporting in the energy-related SOEs in Thailand: 1.Developing a holistic approach to clearly define the types and scope of accounting information systems, 2.Upgrading accounting information systems to support strategic decision-making, 3.Enhancing communication and interpretation skills to improve the quality of financial reports, 4.Promoting collaboration and teamwork within the organization, and 5.Planning and developing the management of accounting information technology to enhance organizational capabilities. These approaches can be applied within energy-sector SOEs to improve the efficiency of the financial reporting process, elevate the quality of accounting information, and support the long-term success and sustainability of the organization.