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Cloud Accounting – A New Paradigm Of Accounting Policies

Author

Listed:
  • Cristina PRICHICI

    (Bucharest University of Economic Studies)

  • Bogdan Ş. IONESCU

    (Bucharest University of Economic Studies)

Abstract

In the current economic background companies invest in finding complete solutions for the integration of all business functions (sales, logistics, accounting aso.), control, centralized coordination and harmonization of systems and financial management operations, data storage and resilience of services as well as cost savings. Technological trend of recent years brings forward the concept of cloud computing, an innovative model of processing and storage of data that allows companies to run business processes on IT infrastructures in conditions of economical optimization. Cloud computing allows companies to effectively and economically use IT applications and infrastructures through the model "use as you need and pay as you go". However, before deploying the data and applications in the virtual environment, organizations must take into account the implications of such a decision on the financial reporting process. In this respect, the paper aims to analyze the impact of cloud computing technology onthe main operational modules used for obtaining accounting data for financial reporting.

Suggested Citation

  • Cristina PRICHICI & Bogdan Ş. IONESCU, 2015. "Cloud Accounting – A New Paradigm Of Accounting Policies," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 7, pages 489-496, April.
    • Handle: RePEc:cmj:seapas:y:2015:i:7:p:489-496
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    References listed on IDEAS

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    1. Alexandru ȚUGUI & Ana-Maria GHEORGHE, 2014. "Changing The Role Of Accountancy In The Context Of Cloud-Computing," Management Intercultural, Romanian Foundation for Business Intelligence, Editorial Department, issue 31, pages 149-157, November.
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    Cited by:

    1. Cristian Dragos Turcan & Viorel - Costin Banta & Sabin – Alexandru Babeanu, 2022. "Digitized Accounting - The Attributes Of Cloud Accounting In Technological Futurology," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(50), pages 105-115, April.

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    More about this item

    Keywords

    Cloud accounting; Virtualization; Business process; Accounting policies;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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