IJEFSD
Vol. 8 No. 2 (2026): International Journal on Economics, Finance and Sustainable Development (IJEFSD

The Role of Actuarial Accounting in Achieving Financial Sustainability

Hussien Sabea Khamees (Technical Institute of Baqubah, Middle Technical University, Diyala, Iraq)



Article Info

Publish Date
11 Jun 2026

Abstract

This study aims to clarify actuarial accounting, the actuary accountant, and their role in enhancing the financial sustainability of companies. The research discusses the significant role of actuarial accounting in strengthening corporate sustainability, particularly in companies with future obligations, due to its importance in identifying future risks. The study concluded that actuarial accounting plays an effective role in increasing companies’ ability for long-term financial planning, which enhances corporate sustainability. Furthermore, actuarial accounting has the capability to assess future risks through the use of statistical and historical data to predict future financial events. The study recommends expanding the reliance on actuary accountants within companies in order to improve long-term financial planning capabilities. It also recommends involving actuary accountants in decision-making processes because of their role in determining the optimal allocation of resources.

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Journal Info

Abbrev

IJEFSD

Publisher

Subject

Economics, Econometrics & Finance

Description

International Journal on Economics, Finance and Sustainable Development (IJEFSD) is an international, peer-reviewed, and scholarly journal aimed at being a platform for interdisciplinary researchers across the globe to develop and advance both theory and practice of economics and finance while ...