The Adoption Of Cloud Based Accounting Information System

First part gives an overview of the cloud computing and accounting information system; second part analyses the benefits and challenges of the accounting information system's move to the cloud; and third part gives the recommendations on key success factors of the adoption.

The national Institute of Standards and Technology under the department of Commerce defines Cloud Computing as “a model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction”. Another definition for cloud computing is a term used to describe a network of computers that deliver information technology

Cloud computing is on the rise. Cloud computing is a style of computing where software and virtualized hardware is provided over the internet (O’Brien & Marakas, 2011). The seven most common uses of cloud computing include: infrastructure as a service, private cloud or hybrid cloud, test and deployment, big data analytics, file storage, disaster recovery and backup (Ferkoun, 2014). The biggest advantages of cloud computing include increasing competitiveness through cost reduction, greater flexibility, and elasticity and optimal resource utilization (Ferkoun, 2014). Cloud computing basically uses the internet to provide for the computing needs of the end users.

The focus of cloud computing is providing with scalable and a cheap on-demand computing infrastructure with a good quality of service levels. The process of the cloud computing involves a set of network enabled services that can be accessed in a simple and general way. Cloud computing provides with a unique value proposition for any organization to outsource their information and communication technology infrastructure. Moreover, the concept itself provides with a value proposition for an organization as using the cloud saves on cost, resources, and staff, and business opportunities for the organization (Katzan). An extensive connectivity of

Cloud computing is storing and surveying data and programs over the internet rather than the computer's hard drive. Moreover, the cloud is a personification for the internet. It is linked to flowcharts and presentations that epitomize a huge, server-farm infrastructure of the internet as a puffy, white cumulus cloud, acquiring connections and dispensing information as it floats.

This research paper tackles the issues that faces Cloud Computing today and gives the experts and industry’s point of view on the matter. The aspects explored are the significant industry questions that have risen about the use of Cloud Computing, business value, organization impact, adaptability, limitations, initial cost of implementation, and the severe business security risks

According to Investment Business Weekly, it was in 2010 when cloud computing really took off and NetSuit Inc. and IMA began promoting the new system to financial firms. This shows us just how new cloud computing is. In addition, it is not only the newest system out there, but it does have a lot of benefits, which will be discussed later in this paper. According to the Financial Executive, cloud computing is already popular for usage with financial reporting and analytics (Bres). However, while financial firms are slowly adapting the cloud computing system, there are still some doubts from financial specialist about a system very different from anything they have worked with before. This brings up some problems, which will be discussed in the third section of the paper.

Cloud computing can be understood as a multifaceted infrastructure of hardware, software, storage and processing available to be used as a service. With the use of cloud computing, without even knowing how it works, one can access a large number of the most sophisticated supercomputers of the world and their respective processing powers without being overwhelmed with space or information. Cloud computing allows access to computer networks located at various places in the world and thus offers the speed of

Cloud accounting software is similar to traditional, on-premises, or self-install accounting software, only the accounting software is hosted on remote servers, similar to the SaaS (Software as a Service) business model. Data is sent into "the cloud," where it is processed and returned to the user. All application functions are performed off-site, not on the user 's desktop. In cloud computing, users access software applications remotely

Cloud computing combines a number of computing concepts and technologies in objective to provide secure, quick, convenient data storage and net computing service with all computing resources visualized as services and delivered over the internet. Cloud computing has brought financial benefits and promises to many business and organizations a way to enhance their information technology such as collaboration, agility, scalability and availability without heavy upfront capital costs in servers meanwhile achieving minimal management effort for service providers.

We require you to define and give adequate description of Cloud Accounting. As well as include a discussion of the benefits and problems with Cloud Accounting and information on costs. In addition give to us an example of the use of Cloud in other accounting firms.

Cloud computing is a part of internet growth, it’s the next generation of internet. Cloud computing deliver everything –computing resource, infrastructure, application, and business process to personal collaboration – and can be access as service wherever and whenever through various devices. The cloud itself is a set of hardware, networks, storages, services, and interface that enable to delivery of computing as services based on user demand. (Hurwitz, J, 2009)

Cloud computing is a term coined for a recent trend towards service oriented cluster computing/processing based on certain SLA and other benefits. It provides simplified and automated process for configuring, deployment, maintenance and easy process to manage the resources. The offering of different clouds (Azure, google, AWS etc.) may differ, but what’s common among them is Virtualization and performance isolation for per user/application.

Cloud computing is considered as a type of computing services that depends on sharing resources rather than obtaining or organizing a pool of local servers or personal storage to handle applications. In cloud computing, the ‘cloud’ is referred as a metaphor for ‘the Internet’. In short cloud computing refers to Internet computing

1. Introduction The definition of Cloud Computing as issued by the U.S. National Institute of Standards and Technology (NIST) September, 2011 is: “Cloud computing is a model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction. This cloud model is composed of five essential characteristics, three service models, and four