The Adoption Of Cloud Based Accounting Information System

Cloud computing is one of the fastest growing segment of Information technology today. In simple words cloud computing means storing and accessing data and programs over the internet instead on the computer's hard drive which can be accessed from any part of the world if the individual are connected to the internet or a network connection is available 24/7. A simple example of cloud computing is g-mail. With the connection of internet through any medium we can send and receive emails.

Cloud computing refers to a computing environment where software and storage are provided as an internet service and accessed with a web browser.

Cloud computing is an internet based computing which provides various applications and services like storage, servers, infrastructure, networking with low cost, on-demand self service, pay as you go model, location independent resource pooling, reasonable price , rapid elasticity etc. Cloud computing is one way to increase the capacity add capabilities without investing in new infrastructures like computer hardware involves storage memory, licensing for new software, training for a person and in a dynamic way.

According to Investment Business Weekly, it was in 2010 when cloud computing really took off and NetSuit Inc. and IMA began promoting the new system to financial firms. This shows us just how new cloud computing is. In addition, it is not only the newest system out there, but it does have a lot of benefits, which will be discussed later in this paper. According to the Financial Executive, cloud computing is already popular for usage with financial reporting and analytics (Bres). However, while financial firms are slowly adapting the cloud computing system, there are still some doubts from financial specialist about a system very different from anything they have worked with before. This brings up some problems, which will be discussed in the third section of the paper.

cloud computing is a sort of on-interest registering strategy that lets clients use IT assets, for example, system, server, stockpiling, administration, application, so on through Internet when requiring them instead of owning them. Distributed computing can be considered as a whole of SaaS

Cloud computing is defined by the article as the use of various softwares (such as hardware, storage and systems software) based in large global data centres rather than in local servers in personal computers. Cloud computing is believed to provide a range of benefits such as increased flexibility, reliability, portability and efficiency. It will simplify devices as well as reduce costs and the time taken to complete tasks.

Cloud Computing is a process of delivering a companies or individual’s applications and documents from any place, at any time, on any device. It is also a process in which hosted services are delivered through the internet.

Cloud computing is an advanced IT model to host and share both software and hardware resources over the Internet. It allows organisations to use a pool of IT resources

The one application which is available in cloud basis is zipBooks. The historical report will be automatically driven to advise, predict and automate your business details. The invoice will be automatically structured to you within seconds in one single click of button. You can use at the enterprise multi-locations who can keep your monthly accounts details in back-office operations.

Cloud computing means on demand delivery of IT resources via the internet with pay-as-you-go pricing. Cloud computing is a virtualization based technology that reduces the cost of IT infrastructure. It provides a solution of IT infrastructure at low cost. It also focuses on maximizing the effectiveness of the shared resources. Cloud resources are usually not only shared by multiple users but are also dynamically reallocated per demand.

In today’s business society, the accounting technology whether it be software or hardware is a vital part of just about every major business. Many people overlook the importance of the role of accounting technology in business and in the accounting profession. The fact is technology such as accounting information systems can make or break a business.

Cloud computing is the idea where application runs on a remote server that is provided as a commercial service by a company rather than an institution or individual’s local machine. Cloud computing has made possible to provided Software as a Service, Platform as a Service and Infrastructure as a Service (Beaty, 2013,p. 88-93)

The Oracle Financials Cloud can be used by both small and big enterprises. It can be used anywhere, on any device, and at any time but it is also secure and reliable. It provides a comprehensive financial solution such as General Ledger, Assets, Payables, Receivables, Cash Management, Collections, Employee Expenses, Multi-Currency/Multi-GAAP, Invoice Imaging, Consolidation, Intercompany Processing, and Reconciliation that can automatically analyze the transaction processes.

Cloud computing is a general term used to describe a new class of network based computing that takes place over the internet, using the internet for communication and transport provides hardware software and networking services to clients. It

Cloud accounting information systems involve the basic functionality of input, storage, processing and output. The applications are hosted by a service provider giving the customer ease of access and use anywhere using any device. This functionality is similar to the traditional inhouse accounting systems which are installed on the computer. Cloud Accounting information systems are accessed via a web based platform such as the internet. There are inherent risks and benefits associated with use of such as system as with any system.