Application of cloud accounting in enterprise financial forecasting and decision making in the era of big data

Xu, Haiyan; Ge, J; Li, Tong

doi:10.2478/amns.2023.1.00024

Cited by 3 publications

(1 citation statement)

References 24 publications

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“…Implementing the cloud is expected to reduce costs and minimize damage due to the loss of essential company data due to user negligence [27]. Cloud Accounting also improves the efficiency of data utilization by obtaining fast processing and analysis of information, establishing diversified control mechanisms, and improving the effectiveness of financial management [28].…”

Section: Cloud Accounting As Creative Innovation and User Concernmentioning

confidence: 99%

Adapting Cloud Accounting As Creative Innovation And The Role Of Accountants In The Era Of Disruption

Pitria,

Haliah,

Nirwana

2024

JTI

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Cloud accounting is a pivotal innovation in contemporary accounting, significantly altering how accountants operate. This article delves into the effects of cloud accounting on the accounting profession, examining its role in an era marked by technological upheaval and how accountants adapt to persist. It elucidates the transition prompted by cloud accounting from traditional task execution, such as transaction recording, to a more analytical approach focused on deep data analysis through process automation. Yet, this transition does not render the accountant's role redundant; rather, it underscores the ongoing necessity for accountants to refine their competencies. These include analytical prowess, data interpretation skills, engagement with emerging technologies, a commitment to ethical standards, and a mastery of strategic consulting. Additionally, the article points out the critical need for accountants to continuously advance their technological understanding, embracing tools like Power BI and programming languages such as SQL, to stay pertinent and effective amidst disruptive trends. By exploring both hurdles and prospects, the narrative posits accountants at the forefront of delivering insightful, value-added recommendations to businesses navigating the digital revolution. By presenting a comprehensive analysis of the evolving landscape, the article projects a nuanced perspective on the accountant's future role, advocating for readiness and adaptation to harness the benefits presented by cloud technology in this transformative period

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Section: Cloud Accounting As Creative Innovation and User Concernmentioning

confidence: 99%

Adapting Cloud Accounting As Creative Innovation And The Role Of Accountants In The Era Of Disruption

Pitria,

Haliah,

Nirwana

2024

JTI

View full text Add to dashboard Cite

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Accounting in the Digital Era: Does Big Data Add Value?

Alshdaifat,

Aziz,

Al Qadi

2024

Contributions to Environmental Sciences &Amp; Innovative Business Technology

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Accounting information systems and organizational performance in the cloud computing era: evidence from SMEs

Vo Van,

Abu Afifa,

Saleh

2024

SAMPJ

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Purpose This study aims to investigate whether cloud-based accounting information system (AIS) usage contributes to AIS effectiveness, with firm size acting as a moderator. Furthermore, the role of AIS effectiveness as a mediator in the relationship between cloud-based AIS usage and organizational performance (OP) is further evaluated. In this context, the study is a bridge to show that small and medium-sized enterprises (SMEs) try to apply cloud accounting to improve profitability, thereby funding more social-environmental activities on the path to sustainability. Design/methodology/approach The study conducted an online survey of chief accountants in Vietnam’s SMEs. Data from 193 responses were gathered and analyzed using partial least squares structural equation modeling. Findings The findings show that cloud-based AIS usage considerably contributes to AIS effectiveness and OP and that AIS effectiveness has a beneficial influence on OP. Furthermore, the study shows that firm size moderates the relationship between cloud-based AIS usage and AIS effectiveness. Further findings show that cloud-based AIS usage influences OP via AIS effectiveness. Practical implications The findings of this study expand the existing body of knowledge on cloud-based AIS usage and benefit managers when formulating their business information models. In practice, SMEs need to increase the use of cloud-based AIS to better manage AIS. Enhancing profitability through cloud accounting also determines the ability to finance sustainability activities in SMEs. Social implications One of the practical values of this study is the impact on Vietnam’s socioeconomic growth and sustainability. With cloud-based AIS, SMEs may enhance information and system quality, boost system usage frequency, gain satisfaction and increase performance. Furthermore, the comprehensiveness of AIS from cloud-based AIS usage is also a condition for SMEs to enhance accountability for social-environmental information in future sustainable reporting. These advantages improve the efficiency of strategic decision-making, hence increasing SMEs’ competitiveness and social-environmental performance. These benefits will work directly or indirectly toward fostering broader socioeconomic and environmental sustainability in developing economies. Originality/value To open a bright perspective of cloud-based AIS usage for AIS effectiveness as well as OP in SMEs toward sustainability in a developing economy, the authors conducted an exploratory study because this topic is quite new in these firms, especially in a developing economy such as Vietnam. These discoveries partly support SMEs to quickly achieve sustainable development goals in the future.

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Application of cloud accounting in enterprise financial forecasting and decision making in the era of big data

Cited by 3 publications

References 24 publications

Adapting Cloud Accounting As Creative Innovation And The Role Of Accountants In The Era Of Disruption

Adapting Cloud Accounting As Creative Innovation And The Role Of Accountants In The Era Of Disruption

Accounting in the Digital Era: Does Big Data Add Value?

Accounting information systems and organizational performance in the cloud computing era: evidence from SMEs

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