The paper “ The Issues of Cloud-Based Accounting Information Systems Adoption in Business Organisations” is a potent example of an essay on finance & accounting. The advent of the technological revolution has had a tremendous effect on the lives of human beings across various walks of life. In addition, the technological impact has also impacted the ways of doing business across various enterprises globally. Various core functions that serve vital roles to the operations of firms such as accounting, finance, human resources, marketing, and many others benefit greatly from technological integration into their routine activities.
In the same light, the accounting information systems in business organizations such as the usage of cloud computing accounting information systems (AIS) and software come in to assist the accountants to achieve increased productivity and improved efficiency. This report attempts to give more perspectives into the concept of cloud computing and its integration into accounting systems. The benefits and challenges will be looked at as well as giving recommendations highlighting the best approach to employ and guarantee success. Overview of cloud computingCloud computing from the perspective of accounting involves a software used for accounting that is hosted on a company’ s remote servers that serves various employees and departments connected to it (Christauskas & Miseviciene, 2012).
Cloud computing capabilities allow users to store financial data or even various accounting software on hosted sites. Cloud computing software provides accounting capabilities that suit business operations. Specifically, the accounting data is fed into the cloud for processing and later returned to the user. Therefore, the users conduct operations offline and away from the company’ s working area and a computer station.
Accountants access the servers on the cloud remotely while away from the company location, for example, through the internet or by accessing the services of the cloud computing service provider.
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