THE ROLE OF CLOUD ACCOUNTING IN ECONOMIC DEVELOPMENT OF EMERGING COUNTRIES

Raluca Andreea Stoica ()
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Raluca Andreea Stoica: Valahia University of Targoviste

Management Strategies Journal, 2023, vol. 59, issue 1, 94-102

Abstract: The way we work, learn, communicate, buy, and sell items is changing as a result of digitalization and the inventive use of digital technologies. Cloud computing is an emerging digital technology that is growing rapidly. It is an internet-based computing model which shares computer resources instead of having local servers. Has been reported that usage of cloud computing in the accounting domain reduces IT management overall costs and allows large scale consolidation and optimal use of software and hardware resources. It also has the potential to make largescale resources available to small business which will not be able to afford these otherwise. The opportunities provided by Cloud Computing to developing countries are: on-demand access to data and computing resources that can enhance productivity and improve service delivery in both private and public sectors of emerging economies.

Keywords: accounting software; technology; Cloud Computing; Cloud Accounting (search for similar items in EconPapers)
JEL-codes: M40 M41 M48 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:brc:journl:v:59:y:2023:i:1:p:94-102

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