The Impact of Using the Cloud Computing Upon the Quality of Accounting Information and it's Reflection Upon the Development of the World Standards of Financial Reports in Jordanian Corporations
DOI:
https://doi.org/10.26668/businessreview/2023.v8i9.3771Keywords:
Cloud Computing, Providers, Service Recipient, Standards, Accounting InformationsAbstract
Purpose: This study seeks to examine the impact of cloud computing on the quality of accounting information and its alignment with international financial reporting standards. The researcher randomly selected a group of corporations as a representative sample of those adopting cloud computing. The study employed both theoretical and applied research methods, including file and record analysis and interviews with key personnel, to draw conclusions.
Design/Methodology/Approach: The research methodology involved the selection of a random group of corporations for analysis. The study combined theoretical exploration with practical examination of files and interviews with relevant stakeholders, such as managers and accountants. This approach allowed for a comprehensive assessment of the impact of cloud computing on accounting information quality.
Findings: The study yielded several key findings; Cloud computing relies on multiple components, including customers, infrastructure, applications, and platforms. The adoption of cloud computing positively influences the quality and credibility of accounting information. However, there are inherent risks associated with cloud computing, including security, contractual issues, and potential human errors. These risks must be addressed.
Research, Practical & Social implications: This research carries significant implications; The accounting profession must develop a code of conduct addressing the risks associated with cloud computing. Regulations and procedures governing the relationship between service providers and users need updating, with a focus on contractual and control aspects. Training programs should be implemented to educate both service providers and users about cloud computing, mitigating associated risks. Stringent regulations should be enacted to safeguard the confidentiality of accounting information, preventing unauthorized access or disclosure.
Originality/Value: This study's originality lies in its comprehensive exploration of cloud computing's impact on accounting information quality and its practical implications for financial reporting. The research contributes valuable insights for professionals, regulators, and organizations adopting cloud technologies in the field of accounting.
Downloads
References
Abdulmajeed,Mohamed,azzam(2020).The impact of applying the standards of international financial reports upon the quality and benefits of Accounting informations in Eguption stock exchange market, -Journal of commercial and financial researchs. Vo 21.
Ahmad, A. B., Atta, A. A. B., Asma’a Al-Amarneh, M. S., & Dahbour, S. A. (2023). Fund Family Selectivity Skills and Market Timing Ability: Comparison Study
Ahmad, A. Y. Bani ahmad , (2019). Empirical Analysis on Accounting Information System Usage in Banking Sector in Jordan. Academy of Accounting and Financial Studies Journal, 23(5), 1-9.
Alawamreh, mohammed, esmaeel(2019).The role of cloud computing in reducing the costs of infrastructure of information technology, case study of communi cation company, master degree ,Alalbait university- Jordan.
Aleryani, Arwa and Smah Aluraifi(2017). Investigating the awareness of responsibles of the managements of information technology to convert into cloud computing service –Alghera Journal of management and economic informations. Vol.14.
Alnsour, I., Alghadi, M., Ahmad, A., Alibraheem, M., Altahat, S., Al-Smadi, R., & Alshboul, K. (2023). Islamic financial technology acceptance: An empirical study in Jordan. International Journal of Data and Network Science, 7(4), 1659-1668.
Alzoubi. A(2017).The effect of cloud computing on elements of accounting information system, Global Journal of management and Business research.Volu.No.Z.
Amin,Bin,saeed,et,al (2018) The future of accounting information systems under cloud computing technology, Journal of economic. Almayadeen- Al geria university. (Al-mayaine Aliktisdla).
Andraws,saleem,tayseer(2016) Cloud computing between the theory and application, Journal cybrarians,Arabian gate for libraries and informations, Vol, 17-Iraqi.
Azar,N,zakria,Z(2019)The quality of Accounting information: relevance or value relevance, Asian Journal of accounting perspectives, Vol,12,No.I.
Chaudary, s.(2018).cloud computing: concepts, educational institution, social and behavioral sciences, vol.z.noz.
Fraihat, B. A. M., Ahmad, A. Y. B., Alaa, A. A., Alhawamdeh, A. M., Soumadi, M. M., Aln'emi, E. A. S., & Alkhawaldeh, B. Y. S. (2023). Evaluating Technology Improvement in Sustainable Development Goals by Analysing Financial Development and Energy Consumption in Jordan. International Journal of Energy Economics and Policy, 13(4), 348.
Goldstein,e(2020).FASB” New cloud computing standards reduce complexity, Journal of accountancy, Vol.Y.No.l.
IAS(38),(2015).cloud computing arrangements, extract,IFRS.(Discussion group, report on meeting, seplember.
Karema,Dina Abdulalim,(2021) The impact of using cloud computing up the quality of accounting information and it’s reflex upon the development of standards of International reports. Al-mustaqbal university-Egypt.
Khan, Yasser, et al. "Application of Internet of Things (IoT) in Sustainable Supply Chain Management." Sustainability 15.1 (2022): 694. https://doi.org/10.3390/su15010694
Khanom,t.(2017).cloud accounting: A Thieritied Overview “ Journal of business and management, vol,19,no.6.p.p 31-38.
Klue, Sabah.Mohammed( 2015).Cloud computing: concept, and applications in the scope of libraries and information centers-Iraqi information Journal Vol.17No.I-Iraqi.
Stein,A,Compittli.V,and Mezzlo,S(2020).Managing the impact of cloud computing, CPA,Journal,Vol.3.
Suzana,Mohammed Abu obailah(2020).The impact of using cloud system on the quality of accounting informations in Jordanian Royal medical services, Al-albayt –university 2021.
Wang, C., Ahmad, S. F., Ayassrah, A. Y. B. A., Awwad, E. M., Irshad, M., Ali, Y. A., ... & Han, H. (2023). An empirical evaluation of technology acceptance model for Artificial Intelligence in E-commerce. Heliyon, 9(8).
A. Y. A. B. Ahmad, S. S. Kumari, M. S, S. K. Guha, A. Gehlot and B. Pant, "Blockchain Implementation in Financial Sector and Cyber Security System," 2023 International Conference on Artificial Intelligence and Smart Communication (AISC), Greater Noida, India, 2023, pp. 586-590, https://doi.org/10.1109/AISC56616.2023.10085045
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.
Authors who publish in this journal agree to the following terms: the author(s) authorize(s) the publication of the text in the journal;
The author(s) ensure(s) that the contribution is original and unpublished and that it is not in the process of evaluation by another journal;
The journal is not responsible for the views, ideas and concepts presented in articles, and these are the sole responsibility of the author(s);
The publishers reserve the right to make textual adjustments and adapt texts to meet with publication standards.
Authors retain copyright and grant the journal the right to first publication, with the work simultaneously licensed under the Creative Commons Atribuição NãoComercial 4.0 (http://creativecommons.org/licenses/by-nc/4.0/), which allows the work to be shared with recognized authorship and initial publication in this journal.
Authors are allowed to assume additional contracts separately, for non-exclusive distribution of the version of the work published in this journal (e.g. publish in institutional repository or as a book chapter), with recognition of authorship and initial publication in this journal.
Authors are allowed and are encouraged to publish and distribute their work online (e.g. in institutional repositories or on a personal web page) at any point before or during the editorial process, as this can generate positive effects, as well as increase the impact and citations of the published work (see the effect of Free Access) at http://opcit.eprints.org/oacitation-biblio.html
