THE ROLE OF CLOUD ACCOUNTING IN ECONOMIC DEVELOPMENT OF EMERGING COUNTRIES
Autor (i): Raluca Andreea Stoica
JEL: M40, M41, M48
Cuvinte cheie: accounting software, technology, Cloud Computing, Cloud Accounting
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.
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.
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