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Effect of Cloud Accounting on Financial Information Quality of Selected Firms in Nigeria

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  • AKPAN James Uko

    (1Department of Accounting, Afe Babalola University, Ado Ekiti, Ekiti State, Nigeria)

  • IGBEKOYI Olushola Esther

    (Department of Accounting, Adekunle Ajasin University, Akungba Akoko, Ondo state, Nigeria)

  • OGUNGBADE Oluyinka Isaiah

    (Department of Accounting, Afe Babalola University, Ado Ekiti, Ekiti State, Nigeria)

  • OSALONI Bankole Ojo

    (Department of Accounting, Afe Babalola University, Ado Ekiti, Ekiti State, Nigeria)

Abstract

Accounting techniques have evolved over the years due to the advancement in technology. New and smarter ways of accounting practices are discovered, of which one of the most recent discovery is the cloud accounting. This study examined the effect of cloud accounting on financial information quality of selected firms in Nigeria. Cross-sectional survey research design was employed for this study, targeted population of this study is heterogeneous as it covers professional accountants, auditors and information technology experts across various fields. This study therefore used the assumptions of Taro Yamane (1967) to adopt the population of 400 respondents for the purpose of this study. The study covers Lagos state metropolis because it’s highly dominated with commercial activities and host the head office of most companies in Nigeria. Data was obtained from primary sources through the administration of a well-structured questionnaire to the respondents. The reliability and validity of the research instrument was tested using the Crombach’s Alpha test and content validity test respectively. Data collected were analysed using descriptive and Ordinary Least Square (OLS) regression. The three hypotheses raised for the study were accepted with a high and positive relationship indicating that cloud accounting technique is able to positively and significantly influence data storage(β = 0.828, P = .001

Suggested Citation

  • 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.
    • Handle: RePEc:bcp:journl:v:7:y:2023:i:1:p:1175-1193
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    References listed on IDEAS

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    1. 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.
    2. Rezarta Shkurti (Perri) & Enita Muça, 2014. "An Analysis Of Cloud Computing And Its Role In Accounting Industry In Albania," Romanian Economic Business Review, Romanian-American University, vol. 8(2), pages 219-229, December.
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