Research Report on
Cloud Accounting
Name: Mohammed Ridwanul Islam
ID: 43244254
Course: ACCG922
Tutors Name: Dr. Nitya Karmakar
Date of Submission: 10/10/2014
WORD COUNT 1784
Table of Contents
Executive Summary…………………………………………………………….…………..………..1
1 Introduction………………………………………………………………………..………..………..2
2 Overview of clould accounting………………………………………………………..……..2-4
2.1 Definition of cloud accounting………………………………………………………..…2-3
2.2 Functional aspects of cloud based accounting………………………………..….3-4
3 Challenges and benefits……………………………………………....………..………..…..4-6
3.1 Challenges of cloud accoounting……………………………………………………...4-5
3.2 Benefits of cloud accounting…………………………………………………………....5-6
4 Recommendations………………………………………………………………..……..………6-7
5 Conclusion………………………………………………………………....………..………..……..8
References………………………………………………………………………………………..…9-10
Executive Summary
This report provides an analysis of the present and prospective cloud based accounting
information systems (AIS). It analyses the issue in term of adoption of cloud based accounting
and its challenges in modern day’s business. The report also provides the benefits of using cloud
based accounting in business organizations. The method of analysis is secondary research, where
the data is collected from reliable sources, such as academic journals and articles. It is found that
cloud based accounting started to use from 2007 and it’s getting popular for entrepreneur day by
day.
Mohammed Ridwanul Islam-43244254 1
1 Introduction
The aim of this report is to critically analyze the adoption of cloud based accounting information
system (AIS) in business organizations and also its challenges and benefits of cloud based
environment. Cloud accounting (SAASU 2014, para 3) is also called ‘online accounting’, which
provides the same service as accounting software and data is securely stored on servers known as
the cloud. According to Emma Watkins (Demand Media 2014, para 1), “cloud accounting is the
use of computer hardware and software applications delivered as a service over the Internet. It
allows to store files and use applications using many different devices and from many different
locations in a simple way”. This report will evaluate the cloud accounting in terms of their
benefits and challenges in modern business and give the recommendations in relation to whether
