The Use of Cloud Accounting Information Systems and their Impact on Financial Performance

An exploratory study of the opinions of a sample of accountants at the Northern Technical University

Abstract

The study aims to investigate the correlations and impact between the independent variable (cloud accounting information systems) and the dependent variable (financial performance). It utilized a descriptive analytical approach to analyze the data, employing a questionnaire as the primary data collection tool. A total of 37 questionnaires were distributed to accountants and auditors at the Northern Technical University, with 35 returned. Upon review, it was determined that 4 questionnaires were unsuitable for analysis, resulting in 31 questionnaires suitable for analysis. The study drew several conclusions, notably identifying a correlation between cloud information systems and financial performance. Additionally, it provided recommendations, with a key suggestion being that government institutions should fully embrace cloud computing and its applications to enhance their operations and progress toward the future.