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Accounting in Cloud

Author

Listed:
  • Jana Singerová

Abstract

Cloud computing is a new technological trend that since the last decade brings challenges in computed accounting, such as a significant reduction of running cost, together with unrestricted access to data from anywhere and anytime. Cloud accounting software enables its users a real time access to business finances, easy set up and easy use, access to information from anywhere, work with sales force, to synchronize instantly with bank, make tax returns precise and effortless. Cloud computing offers a short implementation time and low initial costs and it is offered by ERP providers in the SaaS (Software as a Service) mode. As an essential condition for massive expansion is generally considered availability of access to the high frequency internet. As accounting data are very valuable, security, such as encryption of data, granting access to the data and backups are necessary conditions to ensure their proper treatment. The aim of this article is to identify key advantages and disadvantages and milestones of such a solution.

Suggested Citation

  • Jana Singerová, 2018. "Accounting in Cloud," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2018(1), pages 61-76.
  • Handle: RePEc:prg:jnlefa:v:2018:y:2018:i:1:id:206:p:61-76
    DOI: 10.18267/j.efaj.206
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    References listed on IDEAS

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    1. Ariela Caglio, 2003. "Enterprise Resource Planning systems and accountants: towards hybridization?," European Accounting Review, Taylor & Francis Journals, vol. 12(1), pages 123-153.
    2. Oecd, 2014. "Cloud Computing: The Concept, Impacts and the Role of Government Policy," OECD Digital Economy Papers 240, OECD Publishing.
    3. P. Trott & A. Hoecht, 2004. "Enterprise Resource Planning (Erp) And Its Impact On The Innovative Capability Of The Firm," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 8(04), pages 381-398.
    Full references (including those not matched with items on IDEAS)

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    Keywords

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    JEL classification:

    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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