Management Accounting Techniques and Financial Performance &Role of Strategic Flexibility: Industrial Companies Listed on the Iraq Stock Exchange

This study aims to analyze the impact of utilizing modern management accounting techniqueson the financial performance of Iraqi industrial companies listed on the Iraq Stock Exchange, with aparticular focus on the moderating role of strategic flexibility in enhancing this relationship. The researchadopted a descriptive-analytical methodology, and data were collected via a structured questionnairedistributed to a sample of 400 employees working in the financial and administrative departments ofselected industrial firms. A set of advanced statistical methods was employed, including multiple linearregression and Structural Equation Modeling (SEM), to test the primary and subsidiary hypotheses.The findings revealed a statistically significant and positive impact of management accountingtechniques—such as Activity-Based Costing (ABC), Total Quality Management (TQM), and TargetCosting (TC)—on improving financial performance. Furthermore, the results confirmed that strategicflexibility plays a critical moderating role in strengthening the relationship between these techniques andfinancial performance, especially in companies with a greater capacity to adapt to environmental andmarket changes.Among the techniques examined, Target Costing showed the strongest influence on financialperformance, whereas the application of Total Quality Management required higher levels oforganizational readiness and adequate resources to achieve favorable outcomes. Additionally,demographic variables such as firm age and size did not demonstrate a statistically significant effect onfinancial performance.The study recommends the adoption of modern management accounting techniques within a flexiblestrategic framework, given their vital role in enhancing operational efficiency, promoting transparency,and achieving sustainable financial performance.