CLOUD ACCOUNTING: AN INNOVATIVE BUSINESS MODEL IN A COMPLEX ENVIRONMENT

Dr. Sunday Eje Onyiro; Dr. Friday Kennedy Ozo

Authors

Dr. Sunday Eje Onyiro Bursary Unit Alex Ekwueme Federal University Ndufu-Alike
Dr. Friday Kennedy Ozo Department of Banking and Finance Alex Ekwueme Federal University Ndufu-Alike

Keywords:

Cloud computing, cloud accounting, online accounting, business model

Abstract

Advances in information technology have been noted as a key force in changing management accounting. Cloud accounting is quickly becoming one of the most popular and promising technologies. It offers variety of opportunities that help organizations to improve their business and use technology more efficiently. Although cloud accounting offers numerous benefits to business, it also has some drawbacks. Giving the relative lack of existing research in cloud accounting, this paper conducts a review of the cloud technology literature to acquire some basic knowledge of the concepts, benefits and risks associated with cloud accounting. The paper also explores some solutions to overcome the drawbacks of cloud accounting.

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CLOUD ACCOUNTING: AN INNOVATIVE BUSINESS MODEL IN A COMPLEX ENVIRONMENT

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