A proposed framework for the application of cloud accounting in light of information technology as an entry point to achieve the quality of financial reporting
Keywords:
cloud accounting, information technology, quality of financial reportingAbstract
The research aims to study the application of cloud accounting and its impact on the quality of financial reporting in the light of information technology ,To achieve the objectives of the research, the descriptive analytical method was used to analyze the research variables. A questionnaire was prepared to collect the data by distributing (90) questionnaires to the research sample, and (72) valid questionnaires were retrieved for statistical analysis, and after conducting the analysis using the statistical analysis packages (SPSS-23), the results of the research showed a positive statistically significant effect at the significance level (0.05) for all variables, and the study concluded a number of conclusions, the most important of which are, The use of modern technologies in the field of accounting and auditing can affect the confidence of users of financial reports, as the shift from periodic reports to real-time reports. The new generation of smart devices and modern technologies contributed to the tendency of companies (commercial banks) to make the application of accounting work through the Internet and communications. Cloud accounting information systems contribute to achieving cost savings and enjoy ease, as the costs associated with information technology can be reduced by using The cloud, and cost flexibility as it is linked to an effective number of users. The application of the proposed framework enhances the quality of financial reporting in light of information technology through its contribution to meeting the requirements of IFRS financial reporting standards. The use of cloud computing technology allows accountants or business owners to communicate their financial affairs from Any place and any time over the Internet where servers that provide services via communication devices and the Internet are used
References
First: Books
Ali. R, Basim ( 2019) " The impact of using information technology on the quality of information under the dimensions of COBIT 5: The field of study is Tikrit University" Finance and Business Economics Review Volume 03/ Number 03/ October/ p845-872.
Admin,"(2021),"Concept of Information Technology", Updated January 20,2021, https://freebooks.pk/download/concept-of-information-technology/
Bazley ,J. & Nikolia ,L .(2007)," Intermediate Accounting|,Thomson,10th Edition.
Chakir . et al ,(2020 )." a smart updater it governance platform based on artificial intelligence". advances in science, technology and engineering systems journal vol. 5, No. 5, 47-53.
Bazley ,J. & Nikolia ,L .(2007)," Intermediate Accounting|,Thomson,10th Edition.
Chan-Jane, L., Tawei, W. and Chae-Jung, P. (2015), “Financial reporting quality and investment decisions for family firms”, Asia Pacific Journal of Management, Vol. 3 No. 4, pp. 1-34.
Chen, F., Li, Q. and Wang, Z. (2011), “Financial reporting quality and investment efficiency of private firms in emerging markets”, The Accounting Review, Vol. 86 No. 4, pp. 1255-1288.
Corkern, et.al. , (2015), " Accountants need to be prepared for the big-
question: Should I Move to the Cloud?" International Journal of
Management and Information System, Vol.19, No.1.
CLAUDIA-ELENA, G. I., & LUCIA, M. D. (2020). "SHORT INCURSION ON ANNUAL FINANCIAL REPORTS VERSUS INTERIM FINANCIAL REPORTS", Volume 9, Issue 2(22),
Djemaa, Haouam, (2020)"IT governance impact on financial reporting quality using COBIT framework " , Global Journal of Computer Sciences: Theory and Research Volume 10, Issue 1.
Džemail Zornić, Munir Rušović, Šemsudin Plojović,Enis Ujkanović,(2012),
Dario Ilija Rendulić,(2011)," Basic Concepts of Information and Communication
Publisher: Open Society for Idea Exchange (ODRAZI), Zagreb.
http://www.itdesk.info/Basic%20Concepts%20of%20Information%20Technology%20notes.pdf
Ettish , Abdou . A , El- Gazzar , Samir. M, Jacob, Rudolph. A" Integrating internal control frameworks for effective corporate information technology governance" Journal of information systems and technology management – jistem usp vol. 14, no. 3, sep/dec., 2017 pp. 361–370.
El Hadi and Ismail, (2016), "A Proposed Model for Improving performance-
and Reducing Costs of IT Through Cloud Computing of Egyptian Business
Enterprises", International Journal on Cloud Computing: Services and
Architecture (IJCCSA), V0l.6, No.1.
- Ferri, et.al. , (2017), " Analyzing Cloud-Based Startups: Evidence from a
Case Study in Italy", International Business Research, Canadian Center of
Science and Educating, Vol.10, No.5.
- Fermandez, Z. A.,” Learning Data Ming in Cloud Computing: An Overview”, Learning Technology, Vol. 9, No. 1,2014, PP:25-52
Jung, Boochun, Lee, Woo-Jong, and Weber, David P. (2014)," Financial Reporting Quality and Labor Investment Efficiency", Contemporary Accounting Research, Vol. 31, No. 4.
- Kamel,S.,& Abouseif.,” A Study of the Role and Impact of Cloud Computing on Small and Medium Size Enterprises (SMEs) in Egypt”, International Conference ICTO2017 – ICT for a better life and a better world, Paris March 16-17, 2018.
Kieso , Donald E., Wegandt, Jerry J., and Warfield, Terry D. (2013) "Intermediate Accounting" , 15th ed. , John Wiley and Sons Inc., USA
Henderson, S. ; Worny , K .& Smith, P.(1992),"Financial Accounting Theory – It’s Nature And Development|, 2ed, Longman Cheshire Australia
Henderson, S. ; Worny , K .& Smith, P.(1992),"Financial Accounting Theory – It’s Nature And
International Accounting Standards Board, IASB (2013), “Prospects of application of international standards in financial reporting by small and medium-size businesses in Georgia”, International Journal of Business Administration, Vol. 9 No. 2, pp. 3-22.
IFRS (2020), “Conceptual framework for financial reporting”, available at: https://www.ifrs.org/-/media/project/conceptual-framework/fact-sheet-project-summary-and-feedback-statement/conceptual-framework-project-summary.pdf
Lindahl, Frederick, and Schadewitz, Hannu, (2013)," Are legal families related to financial reporting quality"?, "ABACUS", Vol.49, No.2.
Mohammadi, Seyed Moosa, (2015), "The Relationship between Financial Reporting Quality and Investment Efficiency in Tehran Stock Exchange" , International Journal of Academic Research in Business and Social Sciences , Vol. 4, No. 6.
Marshall, T. E., & Lambert, S. L. (2018). Cloud-based intelligent accounting applications: accounting task automation using IBM watson cognitive computing. Journal of emerging technologies in accounting, 15(1), 199-215.
Sihotang, Jonhariono et al ( 2020). Evaluation of Information Technology Governance by Using COBIT 5 Framework at Higher Education. Jurnal Mantik Volume 4, Number 3, November 2020, pp.2194-2203 E-ISSN 2685-4236 http.
- Singh, H., and Seehan, D. (2012),” Current Trend in Cloud Computing: A Survey of Cloud Computing system “,International of Electronics and Computer Science , available at: www.ijecse.org.
Twaha Kigongo Kaawaase ,Sejjaaka Kaawaase & Catherine Nairuba,Brendah Akankunda and Juma Bananuka ,(2021),"Corporate governance, internal audit quality and financial reporting quality of financial institutions" journal is available on Emerald Insight at: https://www.emerald.com/insight/2443-4175.htm
Viecco, L R.& Arevalo, J G.( 2020). " Information Technology Governance Model, Based on Risk Management and Information Security for Colombian Public Universities: Case on Study University of La Guajira" OP Conference Series: Materials Science and engineering paper • open access.
"INFORMATION TECHNOLOGY AND KNOWLEDGE MANAGEMENT AS A BASIS
FOR THE ECONOMIC DEVELOPMENT", Socioeconomica – The Scientific Journal for Theory and Practice of Socioeconomic Development ,Vol. 1, N° 2, pp. 389 – 396. December.
Development|, 2ed, Longman Cheshire Australia
- Vasiljeva,T., Shaikhulina,S.,& Kereslins,K., “ Cloud Computing: Business Perspectives, Benefits and Challenges for Small and Medium Enterprises (Case of Latvia)”, Procedia Engineering,Vol. 178, 2017,Pp: 443 –451.
Zhang, L., & Gu, W. (2013). The simple analysis of impact on financial outsourcing because of the rising of cloud accounting. Asian Journal of Business Management, 5(1), 140-143.
- Xinding Ma, (2015), "The adoption of Cloud Computing for Small and
Medium Accounting Firms", Master Thesis of Commerce in Accounting,
University of Canterbury..
-NIST, Op cit,PP.1-17
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 College of Administer and Economics - Kerbela University
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Authors retain the copyright of their papers without restrictions.
