European Journal of Accounting, Auditing and Finance Research (EJAAFR)

EA Journals

cloud accounting

Cloud Accounting and the Quality of Financial Reports of Selected Banks in Nigeria (Published)

This study investigated the effect of cloud computing on the quality of financial reports in selected deposit money banks in Nigeria. Software as a service (Saas) and Infrastructure as a service (Iaas), were the cloud computing proxies employed to ascertain their effect on financial reporting quality. Financial reporting quality (FRQT) was measured in terms of qualitative characteristics of financial report as provided by IASB conceptual framework.  The research design adopted in this study was survey design because the data used was primary. The population of the study consisted of 450 respondents drawn from the ten different deposit money banks in Akwa Ibom State. However, the sample size of this study was 212 determined using Taro Yamane formula. Primary data were obtained through Likert 5-points structured questionnaire. In order to examine the cause-effect relationships between the dependent variable and independent variables as well as to test the formulated hypotheses, the study relied on a robust OLS regression analysis. The results obtained from the robust OLS regression analysis revealed that software has a statistically positive but insignificant effect on the financial reporting quality; infrastructure has a statistically positive and significant effect on the financial reporting quality. Thus, we concluded that cloud computing has significant effect on the financial reporting quality of deposit money banks in Nigeria. Based, on these findings, we recommended that banks should adopt cloud computing to accelerate innovation, drive business agility, streamline cost and most importantly increase the financial reporting quality.


Keywords: Financial reports, Nigeria, Quality, cloud accounting, selected banks

Qualitative Analysis on Costs and Benefits of Adopting a Cloud-Based Accounting Information System: A Case Study of Rural Banks in Ghana (Published)

The accounting and recording approach have been impacted by the expansion of the internet and the advancement of information technology. Cloud accounting is a result of the use of cloud computing technology. Cloud computing is growing in acceptance, and more companies are using cloud-based software to boost productivity and gain a number of other advantages. The purpose of this study was to learn more about the advantages and difficulties of implementing a cloud-based accounting information system. The study, which employed a qualitative approach, discovered that cloud accounting enhanced operations compared to using in-house software, increased accessibility of the banks’ services, and sped up customer turnaround time. High maintenance costs, network failure, trouble deciphering reported error codes, insufficient technical help, and system failure during an update are a few of the difficulties.

Keywords: Accounting Information Systems, and cloud information Systems, cloud accounting

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