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The Influence Of Cloud Technology In Transforming Accounting Practices

Author

Listed:
  • Maria ANDRONIE

    (Spiru Haret University)

  • Luminita Ionescu

    (Spiru Haret University)

Abstract

Cloud has been one of the most important developments in information technology in the past decade, having a significant impact on financial reporting for both businesses and individuals. It is considered to be an indispensable tool for accountants in the near future and will improve the accuracy of financial information and the business strategy. The most recent developments tend to confirm that cloud computing or cloud technology in accountancy has been transformative as to how accountants work on a daily basis with their clients and how they communicate the fiscal information to the tax authorities. The aim of this paper is to present some particular aspects of cloud technology in accounting, and to show how cloud accounting platform could provide an accurate and comprehensive dataset in financial reporting.

Suggested Citation

  • Maria ANDRONIE & Luminita Ionescu, 2019. "The Influence Of Cloud Technology In Transforming Accounting Practices," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 19(4), pages 27-34.
    • Handle: RePEc:ris:sphecs:0316
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    References listed on IDEAS

    as
    1. Francesco Caselli & Alan Manning, 2019. "Robot Arithmetic: New Technology and Wages," American Economic Review: Insights, American Economic Association, vol. 1(1), pages 1-12, June.
    2. Luminita IONESCU & Maria ANDRONIE, 2019. "The Future of Jobs in the Digital World," International Conference on Economic Sciences and Business Administration, Spiru Haret University, vol. 5(1), pages 89-94, November.
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    Cited by:

    1. Mihai Mirela Simina & Duţescu Adriana, 2022. "How cloud accounting and integrated services based on AI can impact accounting companies?," Proceedings of the International Conference on Business Excellence, Paradigm, vol. 16(1), pages 849-858, August.

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    Keywords

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    JEL classification:

    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • H70 - Public Economics - - State and Local Government; Intergovernmental Relations - - - General

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