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Accounting in the Cloud

Author

Listed:
  • Otilia Dimitriu

    (Alexandru Ioan Cuza University of Iasi, Romania)

  • Marian Matei

    (Alexandru Ioan Cuza University of Iasi, Romania)

Abstract

Accounting in the 21st century cannot be imagined without the support provided by information technology. The innovative cloud computing phenomenon has proven its value not only in the IT industry, but also in the accounting field. Thus, a new concept has emerged: cloud accounting is the next big thing that is promising to reshape the accounting function. By using this service-based model, a company will be able to access its financial data over the internet, through a web browser. Given the fact that data is not stored locally, the accountant, the business owner or other business partners can collaborate in a paperless environment and share financial data regardless of their physical location. The purpose of this qualitative paper is to review the most significant features of the cloud accounting model, as a convenient means to improve performance for both the accounting profession and the business itself.

Suggested Citation

  • Otilia Dimitriu & Marian Matei, 2015. "Accounting in the Cloud," Managing Intellectual Capital and Innovation for Sustainable and Inclusive Society: Managing Intellectual Capital and Innovation; Proceedings of the MakeLearn and TIIM Joint International Conference 2,, ToKnowPress.
    • Handle: RePEc:tkp:mklp15:1259-1265
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    Citations

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    Cited by:

    1. AKPAN James Uko & IGBEKOYI Olushola Esther & OGUNGBADE Oluyinka Isaiah & OSALONI Bankole Ojo, 2023. "Effect of Cloud Accounting on Financial Information Quality of Selected Firms in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(1), pages 1175-1193, January.
    2. Ma, Darren & Fisher, Richard & Nesbit, Trevor, 2021. "Cloud-based client accounting and small and medium accounting practices: Adoption and impact," International Journal of Accounting Information Systems, Elsevier, vol. 41(C).
    3. Dalinee Sastararuji & Danupol Hoonsopon & Pongsakorn Pitchayadol & Pimsiri Chiwamit, 2022. "Cloud accounting adoption in Thai SMEs amid the COVID-19 pandemic: an explanatory case study," Journal of Innovation and Entrepreneurship, Springer, vol. 11(1), pages 1-25, December.
    4. Martens, Cristina Dai Prá & Silva, Luciano Ferreira da & Silva, Deivison Feitosa & Martens, Mauro Luiz, 2022. "Challenges in the implementation of internet of things projects and actions to overcome them," Technovation, Elsevier, vol. 118(C).
    5. Maria Cristina Bosoteanu, 2016. "Cloud Accounting In Romania. A Literature Review," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 400-405.
    6. Yuliia Popivniak, 2019. "Cloud-Based Accounting Software: Choice Options In The Light Of Modern International Tendencies," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 5(3).

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