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The Role Of Cloud Accounting In Economic Development Of Emerging Countries

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  • Raluca Andreea Stoica

    (Valahia University of Targoviste)

Abstract

The way we work, learn, communicate, buy, and sell items is changing as a result of digitalization and the inventive use of digital technologies. Cloud computing is an emerging digital technology that is growing rapidly. It is an internet-based computing model which shares computer resources instead of having local servers. Has been reported that usage of cloud computing in the accounting domain reduces IT management overall costs and allows large scale consolidation and optimal use of software and hardware resources. It also has the potential to make largescale resources available to small business which will not be able to afford these otherwise. The opportunities provided by Cloud Computing to developing countries are: on-demand access to data and computing resources that can enhance productivity and improve service delivery in both private and public sectors of emerging economies.

Suggested Citation

  • Raluca Andreea Stoica, 2023. "The Role Of Cloud Accounting In Economic Development Of Emerging Countries," Management Strategies Journal, Constantin Brancoveanu University, vol. 59(1), pages 94-102.
    • Handle: RePEc:brc:journl:v:59:y:2023:i:1:p:94-102
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    More about this item

    Keywords

    accounting software; technology; Cloud Computing; Cloud Accounting;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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