Factors Affecting the Adoption of Cloud Based Accounting: A Case Study in Bhubaneswar

Sweeta Agrawal; Dr. Jayashree Jethy

doi:10.65301/iitm.2023.14.2.440

Articles Volume 14 Issue 1 & 2 January-December 2023

DOI 10.65301/iitm.2023.14.2.440

Factors Affecting the Adoption of Cloud Based Accounting: A Case Study in Bhubaneswar

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Published 2023-01-30

Pages 17-25

Abstract

Cloud based accounting is a revolutionary innovation due to which the accounting and finance sectors has undergone major transformations. The lack of awareness and understanding of internet-based accounting is one of the major issues in India. This paper tries to focus on the challenges faced during the acceptance of cloud based accounting. In this research both primary and secondary data has been used. The primary data is gathered via an online survey, and the questioner were created using Google forms. The secondary data is collected from various research articles and journals. The data was examined using the statistical software SPSS. Cronbach’s Alpha was used to assess the question’s reliability. The conceptual model used in this paper consists of 6 factors which were identified by integrating TOE, IDT and UTAUT models. The results showed that all these factors positively and signifantly affected the acceptance of cloud based accounting.

Keywords

Cloud based accounting Uni ed Theory of Acceptance and Use of Technology (UTAUT) Innovation Diffusion Theory (IDT) Technology Organization-Environment (TOE) JEL CODE – C,L,M,O,Q

References

Abdalwali, L. (2022). Understanding the Intention to Adopt Cloud-based Accounting Information.System in Jordanian SME. The International Journal of Digital Accounting Research, Vol. 22, pp.47-70.
Achar, S. (2018). Security of Accounting Data in Cloud Computing: A Conceptual Review. Asian Accounting and Auditing Advancement, 9(1), 60-72.
Ali, D. & Thakur, D. (2017). Awareness and Adoption of Cloud Based Accounting by Qualified Chartered Accountants in Udaipur District Of Rajasthan: An Empirical Study. Indian Journal of Accounting, Vol. 49 (2), 77-82.
Alshirah, M., Lutfi, A., Alshirah, A., Saad, M., Ibrahim, N. M. E. S., & Mohammed, F. (2021). Influences of the environmental factors on the intention to adopt cloud based accounting information system among SMEs in Jordan. Accounting, 7(3), 645-654.
Brown, S. A., Dennis, A. R., & Venkatesh, V. (2010). Predicting collaboration technology use: Integrating technology adoption and collaboration research. Journal of management information systems, 27(2), 9-54.
Carlsson-Wall, M., Goretzki, L., Hofstedt, J., Kraus, K., & Nilsson, C. J. (2022). Exploring the implications of cloud-based enterprise resource planning systems for public sector management accountants. Financial accountability & management, 38(2), 177-201.
Deeksha. R and Rakesh. C (2019). a study on challenges in adoption of cloud-based accounting in ca firms in Bangalore. Amity Journal of Management, VII(2)
Efosa, E., & Oseikhuemhen, J. (2022). Cloud-based Accounting Technologies: Preparing Future- Ready Professional Accountants. International Journal of Innovative Science and Research Technology, Volume 7(2).
Eldalabeeh, A. R., Al-Shbail, M. O., Almuiet, M. Z., Baker, M. B., & E’leimat, D. (2021). Cloud Based Accounting Adoption in Jordanian Financial Sector. Journal of Asian Finance, Economics and Business, 8(2), 0833–0849
Kariyawasam, A. H. N. (2019). Analysing the impact of cloud-based accounting on business performance of SMEs. The Business & Management Review, 10(4), 37-44.
Liew, A., O’Leary, D. E., Perdana, A., & Wang, T. (2022). Digital transformation in accounting and auditing: 2021 international conference of the Journal of Information Systems panel discussion. Journal of Information Systems, 36(3), 177-190.
Lutfi, A. (2022). Understanding the Intention to Adopt Cloud-based Accounting Information System in Jordanian SMEs. International Journal of Digital Accounting Research, 22.
Marsintaulia, F., Novianta, E., Situmoranga, R. P., Diana, F., & Djoniputri, F. (2021). An analysis on the implementation of cloud accounting to the accounting process. Growing Science, 747–754.
Penney, E. K., Agyei, J., Boadi, E. K., Abrokwah, E., & Ofori-Boafo, R. (2021). Understanding factors that influence consumer intention to use mobile money services: An application of UTAUT2 with perceived risk and trust. SAGE Open, 11(3), 21582440211023188.
Rashid, A., & Chaturvedi, A. (2019). Cloud computing characteristics and services: a brief review. International Journal of Computer Sciences and Engineering, 7(2), 421-426.
Rawashdeh, A., & Rawashdeh, B. (2023). The effect cloud accounting adoption on organizational performance in SMEs. International Journal of Data and Network Science, 7(1), 411-424. A.H.N.

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Sweeta Agrawal, Dr. Jayashree Jethy . (2023). Factors Affecting the Adoption of Cloud Based Accounting: A Case Study in Bhubaneswar. IITM Journal of Management and IT, 14(2), 17-25.

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[1] Abdalwali, L. (2022). Understanding the Intention to Adopt Cloud-based Accounting Information.System in Jordanian SME. The International Journal of Digital Accounting Research, Vol. 22, pp.47-70.

[2] Achar, S. (2018). Security of Accounting Data in Cloud Computing: A Conceptual Review. Asian Accounting and Auditing Advancement, 9(1), 60-72.

[3] Ali, D. & Thakur, D. (2017). Awareness and Adoption of Cloud Based Accounting by Qualified Chartered Accountants in Udaipur District Of Rajasthan: An Empirical Study. Indian Journal of Accounting, Vol. 49 (2), 77-82.

[4] Alshirah, M., Lutfi, A., Alshirah, A., Saad, M., Ibrahim, N. M. E. S., & Mohammed, F. (2021). Influences of the environmental factors on the intention to adopt cloud based accounting information system among SMEs in Jordan. Accounting, 7(3), 645-654.

[5] Brown, S. A., Dennis, A. R., & Venkatesh, V. (2010). Predicting collaboration technology use: Integrating technology adoption and collaboration research. Journal of management information systems, 27(2), 9-54.

[6] Carlsson-Wall, M., Goretzki, L., Hofstedt, J., Kraus, K., & Nilsson, C. J. (2022). Exploring the implications of cloud-based enterprise resource planning systems for public sector management accountants. Financial accountability & management, 38(2), 177-201.

[7] Deeksha. R and Rakesh. C (2019). a study on challenges in adoption of cloud-based accounting in ca firms in Bangalore. Amity Journal of Management, VII(2)

[8] Efosa, E., & Oseikhuemhen, J. (2022). Cloud-based Accounting Technologies: Preparing Future- Ready Professional Accountants. International Journal of Innovative Science and Research Technology, Volume 7(2).

[9] Eldalabeeh, A. R., Al-Shbail, M. O., Almuiet, M. Z., Baker, M. B., & E’leimat, D. (2021). Cloud Based Accounting Adoption in Jordanian Financial Sector. Journal of Asian Finance, Economics and Business, 8(2), 0833–0849

[10] Kariyawasam, A. H. N. (2019). Analysing the impact of cloud-based accounting on business performance of SMEs. The Business & Management Review, 10(4), 37-44.

[11] Liew, A., O’Leary, D. E., Perdana, A., & Wang, T. (2022). Digital transformation in accounting and auditing: 2021 international conference of the Journal of Information Systems panel discussion. Journal of Information Systems, 36(3), 177-190.

[12] Lutfi, A. (2022). Understanding the Intention to Adopt Cloud-based Accounting Information System in Jordanian SMEs. International Journal of Digital Accounting Research, 22.

[13] Marsintaulia, F., Novianta, E., Situmoranga, R. P., Diana, F., & Djoniputri, F. (2021). An analysis on the implementation of cloud accounting to the accounting process. Growing Science, 747–754.

[14] Penney, E. K., Agyei, J., Boadi, E. K., Abrokwah, E., & Ofori-Boafo, R. (2021). Understanding factors that influence consumer intention to use mobile money services: An application of UTAUT2 with perceived risk and trust. SAGE Open, 11(3), 21582440211023188.

[15] Rashid, A., & Chaturvedi, A. (2019). Cloud computing characteristics and services: a brief review. International Journal of Computer Sciences and Engineering, 7(2), 421-426.

[16] Rawashdeh, A., & Rawashdeh, B. (2023). The effect cloud accounting adoption on organizational performance in SMEs. International Journal of Data and Network Science, 7(1), 411-424. A.H.N.