Abstract:
Purpose: This study explores the role of cloud computing in modernizing accounting
methods, focusing on operational efficiency, accessibility, and real-time financial
analysis. It highlights how cloud-based systems automate accounting tasks, reduce
manual errors, enhance team collaboration across locations, and strengthen data
security through encrypted storage and regular backups.
Design/methodology/approach: A survey methodology was employed, targeting
100 finance professionals utilizing cloud accounting software. Data collected from
the survey were analyzed using SPSS, leveraging descriptive statistics and regression
analysis to measure the impact of cloud computing on accounting practices and
decision-making.
Findings: Cloud accounting significantly enhances decision-making by providing
real-time access to financial data, reducing operational costs, and enabling scalability.
However, challenges such as data privacy concerns, integration with legacy systems,
and the need for user training were also identified.
Practical implications: The findings offer practical guidance for organizations
adopting cloud accounting systems, emphasizing the necessity of addressing data
security, system integration, and user readiness to optimize benefits and ensure
successful implementation.
Originality value: This research establishes cloud computing as a pivotal factor in
modernizing accounting methods, providing enhanced flexibility, security, and
operational efficiency. It offers actionable recommendations for leveraging cloud
technology to transform accounting practices.
