Cloud Based Accounting Information System

Cloud computing has changed the Information Technology by introducing a new concept and platform of enterprise system. The traditional enterprise system is characterized as clunky, expensive, and complex for most organization to implement and use. Nevertheless, cloud computing enterprise system offers with a competitive advantage. The advantage offered lies in the cloud ES offering flexibility, scalability, and independence in IT infrastructure and capabilities. Cloud computing holds great potential for the business world and has many advantages and challenges. Cloud enterprise system offers with an attractive option to businesses in solving problems associated with high investment in Information Technology infrastructure and Information Technology resources (Fortiş, Munteanu and Negru). Today cloud computing is considered as the fifth utility after water, electricity, gas, and telephone. The aim is making cloud services readily available on demand like all other utility

This research paper tackles the issues that faces Cloud Computing today and gives the experts and industry’s point of view on the matter. The aspects explored are the significant industry questions that have risen about the use of Cloud Computing, business value, organization impact, adaptability, limitations, initial cost of implementation, and the severe business security risks

The national institute of standards and technology (NIST) defines cloud computing as “a model that is meant to enable convenient access to a network that is on demand to a pool of shared computing resources that are configurable” (Jansen & Timothy, 2015). Computer system resources includes, but not limited to, storage, system servers, applications, services, and networks. Cloud computing allows these computing resources to be accessed virtually anytime, anywhere. Cloud computing opens up new possibilities in the field of information technology that many of us have or will experience. As the clients or the customers are very excited about the numerous opportunities that come along with the cloud computing technology such as a reduction in the costs of capital, and the opportunity of divesting themselves of management of infrastructure, and a massive focus on the core competencies, and most importantly, the agility that is usually offered by the provision of computing that is on-demand, there are challenges and other numerous issues that need to be looked into and addressed before a universal adoption might happen (Jansen & Timothy, 2015).

Certified Public Accountant firms are now considering cloud computing as an effective alternative to local networks (Du & Cong, 2010). Local networks are on-site servers with physical equipment that require continual maintenance and updating which can be time consuming and expensive. As the technology for cloud computing becomes more affordable and access becomes easier to understand, more and more users are gravitating to this way of business. Cloud storage is well known and accepted, however cloud computing is taking it just one step further, creating a virtual workspace. Cloud computing differs from just cloud data storage in that cloud computing provides not only storage but the ability for a company to also manage and process data in the cloud just as though they are working on their personal computer. As with all new technology, there are risks and rewards that need to be considered before companywide implementation.

Cloud computing is an emerging model where users can gain access to their applications from anywhere through their connected devices. A simplified user interface makes the infrastructure supporting the applications transparent to users. The applications reside in massively-scalable data centers where compute resources can be dynamically provisioned and shared to achieve significant economies of scale. A strong service management platform results in near-zero incremental management costs when more IT resources are added to the cloud. The proliferation of smart mobile devices, high speed wireless connectivity, and rich browser-based Web 2.0 interfaces has made the network-based cloud computing model not only practical but

Cloud computing has been defined by NIST as a model for enabling convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or cloud provider interaction. Cloud computing can be considered a new computing paradigm insofar as it allows the utilization of a computing infrastructure at one or more levels of abstraction, as an on-demand service made available over the Internet or other computer network.

Cloud computing is a one of the most talked of topics in the field of Information Technology in recent times (Keyun, Joe, Taha, & Ibrahim, 2013). This subject area of cloud computing basically is a term used to describe computer resources available as a service accessible over a network (Darren & Kim-Kwang, 2013). The National Institute of Standards and Technology (NIST) define cloud computing as a model for enabling ubiquitous, convenient, on-demand network access on a shared pool of configurable computing resources (e.g. networks, servers, storage, applications and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction (Peter & Timothy, 2011). Due to the attractive nature of the model there has been rise in the use of cloud computing. Gartner, an IT research and consulting firm, says that cloud computing is growing will become the bulk of IT spend by 2016 (Gartner, 2013).

Cloud computing is a novel tool that provides an opportunity for large or small business owners based on an entirely new business model. The term cloud computing itself is a familiar term, however, the specific meaning can be difficult to define. This paper discusses several facets of cloud computing topics to include cloud benefits, characteristics, as well as service models.

The one application which is available in cloud basis is zipBooks. The historical report will be automatically driven to advise, predict and automate your business details. The invoice will be automatically structured to you within seconds in one single click of button. You can use at the enterprise multi-locations who can keep your monthly accounts details in back-office operations.

Cloud computing is a information technology (IT) worldview that empowers omnipresent access to shared pools of configurable framework assets and more elevated amount benefits that can be quickly provisioned with negligible administration exertion, regularly finished the Internet. Cloud computing depends on sharing of assets to accomplish lucidness and economy of scale, like a utility.

Cloud computing, a model for enabling convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort of service provider interaction. From a user 's perspective, cloud computing is the use of the application without having to understand the mechanics involved in implementing it and making it accessible. From an IT perspective, it is the opposite end of the spectrum. For IT professionals, cloud computing means understanding how to deliver the experience and meet other business goals such as service level agreements (SLAs), reducing costs, compliance

Cloud computing has taken the reigns over our information technology world. Less and less companies and individuals are relying on local software, platform and infrastructure for their computing needs. Instead companies who offer web based cloud-computing services can supply the essential IT needs of any organization without the company having to deal with physical hardware. The cloud is defined as "Cloud computing is on-demand access to virtualized IT resources that are housed outside of your own data center, shared by others, simple to use, paid for via subscription, and accessed over the Web."(3) In order to answer the question of whether cloud computing is truly a general-purpose utility suitable for all one must

These days the use of cloud services and the benefits they bring for organizations is an important milestone especially while there is a need for complex, huge, and expensive systems such as Information Systems. Cloud technology facilitates having a 24/7 service without concerning the implementation of the system, required computing resources, and IT employees to develop it. In this research report a brief overview of cloud computing is conducted. The benefits and challenges of deploying an accounting information system is discussed, and at the end there are some recommendations of success factors for adoption of a cloud based AIS.

Accounting information system is playing an important role in the business operation, and the cloud computing has a great impact on the revolution of accounting information system. This research paper aims to discuss the new trend of cloud based accounting information system in business. The whole text is divided into three parts:

Cloud computing is a model for enabling ubiquitous (present everywhere), convenient, on-demand network access to a shared pool of configurable computing resources e.g., networks, servers, storage, applications, and services that can be rapidly provisioned and released with minimal management effort or service provider interaction [1]. Types of Cloud computing models are Public cloud, Private cloud and Hybrid