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ADOPTING CLOUD ACCOUNTING ALONGSIDE TRADITIONAL METHODS IN BUSINESS ORGANIZATIONS: A STUDY FROM EKITI STATE, NIGERIA

Abdulrahman Yusuf Mohammed
Published 28 January 2025
Vol. 11, No. 4 (2023)
pp. 33-45
CC BY 4.0
  1. 1
    Abdulrahman Yusuf Mohammed
    Accounting Department, Federal College of Education (Technical) Gusau, Zamfara State. Nigeria
    NG

Cloud accounting is an important development direction of the new generation of information technology, and it is also an important strategic opportunity for Nigeria's accounting information innovation. This study assessed the need for integration of cloud accounting with traditional accounting in business organisations in Nigeria. The study explained the concept of cloud accounting, how cloud accounting works, the benefits of cloud accounting over traditional accounting, services provided by cloud accounting, factors to be considered in adoption of cloud accounting, types of cloud computing models, need for adoption of cloud accounting, cloud accounting's effects on traditional accounting. Pearson moment product co-efficient and regression analysis were used to test the hypotheses, The findings of this study shows that there is a positive and significant correlation between Cloud Accounting and Traditional Accounting at 5%. (P=0.000<0.05) and the standard error value of 0.085. From the study, it was concluded that there is great need for integrating cloud accounting with Traditional accounting to achieve quality financial reporting on business organizations in Nigeria. It was also deduced from this study that cloud accounting does not only makes business easier, but also increases the productivity of the company accounting department and also assist businesses in maintaining their financial diversity and organization. The study therefore concludes among others that Since cloud accounting is a reality that will eventually impose itself, professional accountants should become more knowledgeable about cloud accounting, its application areas, and its impact on the accounting profession. They should also embrace this technology and integrate it with the conventional accounting rather than marginalize or resist it.

JournalJournal of Accounting and Financial Reporting
ISSN3065-0461
Volume / IssueVol. 11, No. 4 (2023)
Pages33-45
Published28 January 2025
Access Open Access
LicenseCC BY 4.0 — reuse with attribution
PublisherKeith Publications
Mohammed, A. (2025). ADOPTING CLOUD ACCOUNTING ALONGSIDE TRADITIONAL METHODS IN BUSINESS ORGANIZATIONS: A STUDY FROM EKITI STATE, NIGERIA. Journal of Accounting and Financial Reporting, Vol. 11 No. 4, pp. 33-45

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