The Adoption Of Cloud Based Accounting Information System

2021 WordsOct 9, 20149 Pages
1 Introduction The aim of this report is to critically analyze the adoption of cloud based accounting information system (AIS) in business organizations and also its challenges and benefits of cloud based environment. Cloud accounting (SAASU 20124, para 3) is also called ‘online accounting’, which provides the same service as accounting software and data is securely stored on servers as known as the cloud. According to Emma Watkins (Demand Media 2014, para 1), “cloud accounting is the use of computer hardware and software applications delivered as a service over the Internet. It allows to store files and use applications using many different devices and from many different locations in a simple way”. This report will evaluate the cloud accounting in terms of their benefits and challenges in modern business and give the recommendations in relation to whether this online storage system is worth for modern business or not. 2 Overview of cloud computing 2.1 Definition cloud computing Cloud computing is generally defined as a type of computing that depends on sharing computing resources rather than using local servers or personal equipments to handle applications (Beal 2014, para 1). According to Beal (2014, paras 1-3), in cloud computing, the word cloud is used as a symbol for "the Internet," so the phrase cloud computing means "a type of Internet-based computing," where many kind of services, such as servers, storage and applications are provided to an organization 's
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