Abstract:
This study actually discusses the theoretical context with the adoption
of cloud accounting in Sri Lanka using the Unified Theory of Acceptance and
Use of Technology (UTAUT) model. The accounting practices have
significantly improved with the changes in technology especially cloud
computing. The exogenous variables: Performance Expectancy, Effort
Expectancy, Social Influence, Facilitating Condition, Behavioral Intention of
Cloud Accounting and endogenous variable: Use Behavior of Cloud
Accounting were measured with moderating effect of experience and
organization size at the individual level to enable it as a research model using
previous research. Data was collected through a questionnaire to test the
hypothesised model from 354 owner-managers who runs small-medium
enterprises in Sri Lanka. Structured equation modelling was used in analyzing
data. The result shows that Performance Expectancy, Effort Expectancy and
Social Influence have an impact on Behavioral Intention of Cloud Accounting
and Facilitating Condition directly influence on Use Behavior of Cloud
Accounting while Behavioral Intention of Cloud Accounting has mediated
between Performance Expectancy, Effort Expectancy, and Social Influence and
Use Behavior of Cloud Accounting. Moderating effects represented by both
experience and organization size have a significant effect on Use Behavior of
Cloud Accounting. Findings from this study support the adoption of cloud
accounting in SME of Sri Lanka. In order to achieve sustainable development,
the Sri Lankan government should take initial measures to develop the
infrastructure and popularize cloud accounting in Sri Lanka.