Accounting in Cloud Computing: The Conceptual Issues

Abstract

This study examines the conceptual issues of accounting in cloud computing. The adopts explanatory research design. The study uses mainly secondary source of data. The study concludes that accounting in the 21st century cannot be imagined without the support provided by information technology. The innovative cloud computing phenomenon has proven its value not only in the information technology industry, but also in the accounting field. Thus, a new concept has emerged: cloud accounting is the next big thing that is promising to reshape the accounting function. By using this service-based model, a company will be able to access its financial data over the internet, through a web browser.