Role Of Cloud Accounting Information System

Nowadays, many organizations adopting cloud based accounting information system (AIS) to handle their business. It helps them accomplish their business goals faster and better. In this research paper, it will firstly explain what the cloud computing is and its functions. Then it will introduce FreshBooks-an cloud accounting software. Thirdly, it will analysis the challenges and benefits of cloud based AIS in detail. And lastly, it will give some recommendations of success factors for cloud based AIS adoption through some real and success facts.

Cloud computing refers to a computing environment where software and storage are provided as an internet service and accessed with a web browser.

Cloud computing offers services to users based on on-demand self-service, broad network access, measured service, resource pooling and rapid elasticity; These characteristics promise a faster time for implementation, lower cost, superior scalability and a better end user satisfaction. These services are delivered in models known as Software As A service (SaaS), Platform As A Service (PAAS), and Infrastructure As A Service (IAAS). The first layer which is the Software As A service (SaaS) is the layer in which software applications are delivered to end users. Below is the Platform As A Service (PAAS) layer which offers a platform on which applications can be developed. The lowest layer is the Infrastructure As A Service (IAAS) layer, in this layer the physical servers and network infrastructure is offered as a service. These services can be deployed throughout the internet (Public Cloud Computing), on the intranet infrastructure, (Private Cloud Computing), in a shared community of private networks (Community Cloud Computing), or a hybrid of both (Hybrid Cloud Computing). The service deployment models are [8]:

Cloud computing is an internet based computing which provides various applications and services like storage, servers, infrastructure, networking with low cost, on-demand self service, pay as you go model, location independent resource pooling, reasonable price , rapid elasticity etc. Cloud computing is one way to increase the capacity add capabilities without investing in new infrastructures like computer hardware involves storage memory, licensing for new software, training for a person and in a dynamic way.

Davidovic, Ilijevic, Luk, and Pogarcic did a nice job of explaining and laying out the research and the results. The information was clear, concise, and the results were easy to interpret. The authors did a nice job of explaining how important segregation of duties is, and delegating responsibilities are important within an organization’s business activities. The authors were also able to find the following phases assisted companies in the implementation of the Cloud: analysis of the present situation, defining the new set of rules, adjustments to legal frames and choice of a service provider to whom a certain segment of business will be transferred (Davidovic et al., 2015). In addition, the authors were able to determine the different advantages associated with Cloud Computing. The limitations of the study are only 51% of the respondents did not complete the questionnaire. In addition, the study was conducted within the Republic of Croatia, during a deep recession.

We require you to define and give adequate description of Cloud Accounting. As well as include a discussion of the benefits and problems with Cloud Accounting and information on costs. In addition give to us an example of the use of Cloud in other accounting firms.

Cloud computing is where software applications, data storage and processing capacity are accessed over internet. Organizations use cloud computing in a variety of different service models like IAAS, PAAS and SAAS. These are the three building blocks of cloud computing.

Cloud Computing is a process collecting the existing techniques and technologies , packaged within a new infrastructure that offers improved scalability , rapidly respond to change , faster start up time , reduced management costs and availability of resources for a short span of time .

The world is moving from manufacturing to more service-oriented day after a day. According to a survey of the U.S. economy conducted in 2010, 15% of the U.S. economy is driven by manufacturing, 5% in agriculture and other areas, and the remaining 80% is related to the service industry (Hwang & Dongarra 2013). Also, based on IDC, International Data Corporation, the cloud service market reached $17.4 billion globally in 2009 and is predicted to grow to more than $45 billion by the end of 2015. Cloud Computing can be explained as the delivery of computing resources over the Internet and is generally categorized under three layer: IaaS- Infrastructure as a Service, PaaS- Platform as a Service, and SaaS- Software as a Service (McKay, 2011).

Cloud computing has become a major topic of discussion and debate for any business or organization which relies on technology. Anyone connected to the Internet is probably using some type of cloud computing on a regular basis. Whether they are using Google’s Gmail, organizing photos on an Apple iPhone’s photo steam or searching the Web with Bing they are engaged in cloud computing. The interesting thing about cloud computing is it did not start as a technology for the business enterprise, but was driven by the public with services like Facebook. Over the last few years businesses have started to see the value of cloud computing causing it to become a major technology solution for businesses and organizations around the world.

Cloud computing is a computing resource which provides service through internet. Cloud computing provides various service models such as Platform as a Service (PaaS) where developer can design, build and test application that run on cloud providers infrastructure.[1] Example: Google application engine, Software as a Service (SaaS) where company host their data in cloud and user can access through internet. Example: Gmail, Facebook. Infrastructure as a Service (IaaS) is providing basic services. Cloud computing has four models first is public cloud services are available over a network that is open for

There are three main categories of cloud computing services. They are SaaS known as software as a service, IaaS known as infrastructure as a service, PaaS known as platform as a service and FaaS known as function as a service.

First part gives an overview of the cloud computing and accounting information system; second part analyses the benefits and challenges of the accounting information system's move to the cloud; and third part gives the recommendations on key success factors of the adoption.

In recent years, cloud computing has emerged as an important solution offering enterprises a potentially cost effective model to ease their computing needs and accomplish business objectives. This research report aims to make people understand cloud computing and the challenges and benefits in cloud use in accounting information system. For this purpose author gives an explanation of cloud accounting and have an example of other commercial cloud bed accounting information system available on the market. And discussing 4 points of challenges and 4 points of benefits about cloud based AIS adoption. At the last providing author 's recommendation of success

As per prior examinations, it is natural that the cloud innovation is a great innovation that guarantees the cost bringing down and cost putting something aside for the organization in executing its business operations. Flexibility is the key component of this cloud computing innovation that makes it as a savvy innovation. It is prudent to purchase the cloud administrations in spite of its enormous costs when contrasted with the comparative server that can play out the comparative capacities over some stretch of time. The fundamental felicity of cost model of computing is reasonable for business it can buy just the required helpful to the organization as opposed to obtaining the while administrations which will left unused by the organization. Other cost sparing points of interest incorporate the cost of buying the equipment and software infrastructure, presently organizations don't have an important need to purchase powerful and top end PCs which were