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Procedia Economics and Finance
Cloud accounting: a new business model in a challenging context ☆.
Accounting has been assisting every commercial activity ever since the beginning of trade, as simplified as it was at that time. Due to the need to efficiently and accurately translate the economic reality into figures, accounting has been continuously improving. Furthermore, the information technology expansion and the emergence of the internet have also shaped this art of recording. In fact, the 21st century has been marked by several stages in the process of IT enhancement and we have witnessed the rapid spread of these solutions in our daily activities, thus improving our lives. One of the most rapidly adopted paradigms was cloud computing that had a major impact on the business environment considering its various benefits. Simultaneously, the ongoing challenging context compels all participants in the economic field to be competitive, dynamic and proactive. Therefore, companies need to stay in touch with the de facto state and duly adapt. On the other hand, accounting, as a means to issue relevant and specific information for all stakeholders, has embraced cloud computing solutions. The result is cloud accounting – a new business model that supports the accounting profession. Based upon the most recent studies and practitioners’ technical reports, this paper is focusing on the impact of cloud accounting on each actor in the entire business area.
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The future of accounting: how will digital transformation impact accountants.
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Founder and CEO of PLANERGY , with decades of international experience in Procurement, Spend Management and Technology.
In business, as in life, change is the only true constant. From mitigating unprecedented business disruptors to adapting to new operational paradigms, professionals in all industries find themselves dealing with major changes — many of them driven by emerging technologies.
Accounting is no exception. The profession has moved far beyond mere bookkeeping and payroll, and like its partner procurement, it's taking an increasingly strategic role for forward-thinking businesses. While some pundits say accounting has a dim future in the digital world of tomorrow, technologies such as cloud-based data management, process automation and advanced analytics are actually poised to further elevate accountants in new and empowering ways.
Technology Will Support, Not Replace, Accountants
As far back as 2015, industry leaders were sounding the death knell for accountants, convinced emerging technologies — particularly automation — would end in death by digital for accountancy as we know it. And as recently as 2019, accountants surveyed by Robert Half on the impact of automation on their profession expressed concerns about being replaced, having fewer opportunities for creative problem-solving and an overdependence on tech in completing daily tasks.
Yet, the events between then and now, including the Covid-19 pandemic, have instead shown that accountants, like other professionals, need to worry much more about adaptation than replacement.
There's no question that digital transformation has radically changed the playing field. Big data has become a rich resource that needs to be tapped to compete effectively. But for businesses ready to leverage the potential of digital tools, this shift is an opportunity, not a threat.
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Leveraging The Cloud, Automation, AI And More
Consider this: Centralizing data management, particularly through the use of cloud technology, reduces waste and lowers costs considerably by improving communication and collaboration. Standardization and a cohesive datasphere make it easier to capture, access, share and analyze data. Transparency improves as data silos are dismantled, and data quality rises, rather than falls, with data quantity.
Similarly, automation reduces costs and improves efficiency by eliminating tedious and time-consuming manual labor (e.g., data entry, three-way-matching) and reduces human error. It drives straight-through processing, and rather than replacing human accountants, it frees them to focus on strategic tasks requiring creativity, collaboration and ingenuity — services AI cannot, as yet, reliably provide.
What AI can do, however, is the "grunt" work of analysis. By rendering raw data into more manageable formats and providing well-developed connections between disparate data sources, artificial intelligence can enter a kind of symbiosis with humans, playing a supporting role by serving up a "what" humans can further refine into "hows" and "whys."
Accountants, for example, can put their uniquely human skills to work transforming the insights extracted from high-quality data into more effective financial planning and reporting. In an integrated environment, they can collaborate with peers from other business units to leverage financial data to drive innovation, build more resilient and agile supply chains and develop business management plans that promote growth while ensuring continuity.
Adding other technologies to the mix only increases the potential value.
• Virtual, augmented and mixed reality technologies will move beyond video games to provide new ways to explore, analyze and share data, pioneer new process optimizations and connect finance to strategic planning. According to a Robert Half survey, 71% of managers in the U.S. are either already using some kind of virtual reality or planning to integrate it within three to five years.
• Blockchain has already earned a reputation for its potential in supply chain optimization, but it has powerful accounting potential too . Accounting professionals who understand and can use (and teach others about!) distributed ledger technologies will be in high demand for process development, auditing and records management and more.
Tomorrow's Accountant: More Relevant, Strategic And Creative Than Ever
Both the skill set and the job description for tomorrow's accountant will be greatly expanded, while still hewing to the core competencies of the profession. Supported by technology in a collaborative setting, accounting teams will be populated with both dedicated accounting professionals and subject matter experts from other areas of the business.
Tomorrow's accountants may play an advisory role, welcoming business intelligence and procurement professionals and working to chart a strategic sourcing plan. They could leverage data management tools, including augmented reality, to humanize and contextualize spend data for the C-suite to make better decisions based on long-term value rather than return on investment alone.
With more diverse skill sets and greater technical acumen, accountants can bring their own expertise to teams in other business units, providing crucial financial intelligence, refining budgets or ensuring compliance. It's entirely possible organizations will make use of strategic outsourcing to "fill the gaps" in their tech tree or secure the training and tools necessary to add capabilities to their own team.
As a function, accounting may become less about refining one's skill set through certifications and more about core competencies that grow over time, with a focus on lifelong education and skill development required to take on a complex, ever-changing business environment.
Automation and other data-driven technologies are poised to free accountants, not constrain them. Organizations that understand the potential and importance of these technologies — and invest in the tools and training required to help their accountants take full advantage — will be ahead of the curve. Tomorrow's accountants will play a more creative and strategic role in their companies. As a result, their businesses will not only enjoy more efficient workflows and reap more useful insights from their accounting processes, but help strengthen their own resiliency, agility and competitive footing.
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Cloud Accounting Basics: What It Is & Reasons to Use
Nearly 45 years ago, technology vendors released the first accounting software and forever changed how accountants do their jobs. Systems that ran on computers replaced paper ledgers and the basic tools that helped bookkeepers crunch numbers.
As accounting software matured, it took another major leap forward with the invention and advancement of cloud-based accounting systems. Much like other cloud software, these solutions gave businesses game-changing flexibility while reducing capital expenditures and maximizing human resources.
Cloud accounting offers clear advantages over previous approaches to this critical business function, which explains why it has gained widespread adoption.
What Is Cloud Accounting?
Cloud accounting refers to performing basic accounting tasks , like managing and balancing the books, using software that resides in the cloud and is often delivered in an as-a-service model. Staff or third-party accountants can manage accounts payable, accounts receivable, the general ledger and much more within the application. Just like other cloud-based systems, cloud accounting software runs on a cloud provider’s platform rather than on a local hard drive or server. Users access the tools they need through the internet, meaning employees or third-party accountants do not need to be in a certain location to understand the financial state of the business.
As of 2019, nearly 60% of U.S. companies used cloud software to manage finance and accounting. Additionally, only 22% of businesses do not plan to take advantage of cloud finance technology in the future, down a few percentage points from the previous year.
Cloud Accounting vs. On-Premises Accounting: What’s the Difference?
Early accounting systems were available only on-premises, meaning they ran either on the accounting team computers’ hard drives or on a server owned and maintained by the company. Generally, anyone who wanted access to the software needed a computer with the right software installed or to be within close proximity of the server. Moreover, all information was stored locally, rather than on the cloud, meaning it was vulnerable to loss or damage.
While early on-premises accounting software offered major advantages over manual methods, like paper ledgers, these systems could not match the flexibility or scalability of cloud software. For example, the business was responsible for upgrading the software, which could be an expensive and time-consuming exercise. This is a key difference from software-as-a-service (SaaS) systems , a popular type of cloud software where the software provider takes care of all maintenance and upgrades and customers pay an annual licensing fee.
It’s important to note that SaaS is just one type of cloud accounting software. With a multi-tenant SaaS cloud accounting solution, multiple companies share the same infrastructure on the public cloud. Companies may also use the private cloud, meaning they have servers dedicated to their software instance. There are also hybrid models that use both the public and private cloud. It’s important to note that these private cloud and hybrid deployment models put more responsibilities in the hands of the company rather than the vendor.
Cloud vs. On Premises Software
How cloud accounting works.
In cloud accounting, accountants, controllers, CFOs and other relevant parties receive login credentials for the system and access it through a web browser, whether on a laptop, smartphone or tablet. The provider may also offer a mobile app to improve the user experience on phones and tablets.
The software is typically integrated with the company’s bank accounts, so all transactions automatically post to the correct digital ledger. Users often have a home dashboard that displays the financial information most critical to their roles, like available cash, bills due in the next five days or past-due payments from customers. All numbers update immediately as the software receives new information, and users can drill down into the data for additional details.
Accounting is one of the key components of an enterprise resource planning (ERP) system . An ERP platform unifies essential business functions like accounting, financial planning and budgeting, inventory and order management, human resources (HR), customer relationship management (CRM) and more on a central database. This database connects modules designed to manage different aspects of the organization and thus supports cross-functional processes, many of which need to tie back to accounting. Payroll, purchase orders and the value of inventory on hand, for example, all need to be recorded in the accounting system as they happen.
Benefits of Cloud Accounting Software
The major benefits provided by cloud accounting software explain why it’s become the tool of choice for many finance professionals in a short period of time. These benefits also highlight why cloud accounting is becoming the standard.
Automation: When bank accounts are connected to the accounting system, transactions post automatically, meaning no time-consuming data entry or manual imports. This software can also automate account reconciliations, matching bank statements and invoices to ledgers to help you close the books more quickly. Some accounting applications can also automatically pay vendors and send invoices to customers on user-defined dates.
Accessibility: As noted earlier, all anyone needs to access a cloud accounting solution is an internet connection, web browser and login credentials. They can access the solution on mobile devices like smartphones and tablets. Employees and other users don’t need to be on a certain computer or in a specific location to see information or complete tasks in the system. That also allows, say, your accountant from a CPA firm to easily find all the data they need and alert leaders to anything that requires their attention.
Lower overhead expenses: Organizations that adopt cloud technology often spend less than those who manage their tech stacks in-house. More than 60% of IT executives said reducing cost was their primary concern, according to cloud research firm Datometry. Much of those savings stem from the fact that you don’t need to purchase hardware or pay a large IT staff to manage the system. Avoiding upgrades and maintenance that often result in big bills from the vendor or a partner lower the total cost of ownership, as well.
Data security: The security protocols of top cloud software vendors are far more extensive than what most businesses can do with on-premises systems. Cloud providers regularly back up your data to servers in multiple locations, reducing the risk that a fire or natural disaster could compromise your instance of the system and information. People in your office cannot steal hard drives or devices with sensitive information because data is not stored on the device itself. And, there’s no need to share data through insecure methods like flash drives or emails.
Scalability: Organizations can take advantage of just about any computing resources they might need with cloud software. As the business and its needs grow, they can add server space as they need it. They don’t need to purchase new hardware or make other adjustments if they require additional functionality, either. This is another key advantage of outsourcing all the infrastructure. Cloud accounting solutions can be implemented in multiple locations or geographies must faster at a lower cost.
Increased collaboration: Cloud accounting software facilitates collaboration because all data is accessible and viewable to all authorized users. There is no single information gatekeeper, so if a marketing leader, for instance, wants to see sales numbers from last quarter, their permissions can be changed to let them do so. Visibility encourages cross-departmental projects and teamwork.
Faster implementation: Companies can usually get up and running on a cloud solution faster because there are no servers to purchase and set up and no IT team to train. Additionally, top vendors have done thousands of implementations and have developed efficient, repeatable processes that will allow you to quickly reap the benefits of the new system.
Challenges of Traditional Accounting Software
While those benefits may sound promising, perhaps you feel like your aging on-premises accounting software is still getting the job done. What might you be missing out on by hanging on to that system?
Expensive, long upgrades: On-premises systems are infamous for frustrating upgrades that drag on for months (or longer) and force customers to reinstall or reprogram customizations. The bills from these projects, which rarely go as planned, tend to pile up quickly. That’s why many companies avoid upgrades, meaning they can’t capitalize on the latest features and functionality that their competitors may have access to.
Poor security practices: Backing up all the data within your accounting application is no small task. Backups can be expensive and labor-intensive to set up, so companies often complete this process infrequently, if they do it all. That means you’re constantly at risk of losing weeks’ or months’ worth of critical data to a successful ransomware attack or act of nature.
Limited access: With traditional accounting software, users often need to be on the company’s network or log into a VPN to access the system, which can limit where and how they use it. Not only is this a hassle, but it adds costs — the business has to purchase VPN or similar software. That can limit the ability for key stakeholders to see data that might affect their strategy and decisions.
End of Life (EOL): As cloud accounting becomes more of the standard, many on-premises accounting software providers are ending support for their solutions. This poses a major risk because if you’re on a solution that reaches end of life, you’re forced to move to the cloud or take complete ownership of outdated, unsupported on-premises software. With cloud accounting, the software is constantly updated and is unlikely to be sunsetted.
When Should a Company Use Cloud Accounting?
Given the major advantages of cloud accounting and its lower upfront costs, many newer companies adopt a cloud accounting solution from the start. Even entry-level accounting systems now offer cloud versions and may push customers in that direction.
Finance and accounting are at the root of what all businesses do — they need a way to monitor transactions and gauge their financial health at any moment. Without sound financial practices, a business will not last long and risks noncompliance with major financial and tax regulations. When a company is first getting started, it may use spreadsheets or other manual systems to manage their general ledger and other accounts. However, this approach is error-prone and cumbersome and often quickly proves unsustainable.
A cloud accounting system addresses all these common issues. There is software available for everything from sole proprietorships to multinational enterprises, so it’s a logical option for just about any business, in any industry.
6 Reasons to Use Cloud Accounting Software
Cloud accounting software can enable better business practices that will help your company thrive. Here are a few big reasons to move your accounting to the cloud:
Cheaper to own and operate: A cloud accounting system is generally a cheaper option than the on-premises alternative. There’s no need to buy hardware, nor does the business have to worry about bills adding up from upgrades and maintenance, as the vendor takes care of all of that. Additionally, the company doesn’t have to purchase VPN software or any other type of middleware that allows employees to work away from the office.
More predictable costs: Since the company doesn’t have to worry about the costs mentioned above, it’s much easier to know how much it will likely spend on the accounting solution annually. With SaaS in particular, everything is packaged into a single price, and the cost for additional users or functionality is clear. That will keep your IT budget from cutting into other areas of the business.
Take advantage of the latest technology: Frequent and regularly scheduled system upgrades mean users can realize the advantages of more advanced and emerging technologies that can bring additional business gains. A small or midsize company may be unlikely to invest in machine learning or robotic process automation (RPA) to boost the efficiency of its financial operations on its own, for example. But an upgrade might add that functionality, and the organization can benefit without any additional investment.
Best-in-class infrastructure: Leading cloud vendors support thousands or even tens of thousands of organizations, and supporting all those customers requires best-in-class infrastructure. Their data centers are engineered in a way that delivers unmatched performance, security and scale. Most businesses cannot match the vendors capabilities in any of these areas on their own because of the capital and expertise required. But these same businesses can reap the rewards of this infrastructure by buying accounting software from such a top provider.
Improved business continuity: The data stored in your accounting system is both expansive and critical, and losing it could be devastating. Cloud software offers a security blanket because your information is stored on a remote server and backed up to data centers in other locations. So if a flood or tornado wipes out one data center, your business can continue to operate as normal. That’s not the case with on-premises systems hosted on an in-house server — with cloud, it’s there from day one.
Unify your business: There are cloud solutions available for every aspect of operations, and cloud accounting software can serve as the foundation for running your business on the cloud. For instance, tying these solutions together allows you to track customers as they progress from lead to paying client, and then automatically posts that transaction to the general ledger. Once all systems are on the cloud, employees can access information and make necessary adjustments from anywhere.
Cost of Cloud Accounting
Cloud accounting software is often less expensive than on-premises systems because it offloads many expenses to the vendor. There’s no need for the company to purchase hardware or expand its IT staff to monitor and maintain the system.
While costs vary by vendor, SaaS solutions charge an annual license fee for access to their service. That license fee is usually based on a starting price, plus the number of users and products used. For example, a small products company may need only basic accounting software, while a subscription-based business with complex billing processes may require an add-on module to meet revenue recognition requirements.
The modular pricing model of SaaS allows customers to pay only for what they need, when they need it. Organizations can easily add users or modules as the organization grows and evolves.
On the other hand, hybrid cloud accounting solutions may still have a perpetual license typical of on-premises systems. Customers pay a large, one-time fee for this license and also foot the bill for maintenance and support for as long as they use the system. There will also be hosting fees charged by the cloud provider that are typically based on the computing power the business requires.
Both hybrid and SaaS solutions may also charge a one-time implementation fee that will varies based on the complexity of the system and your exact needs.
Future of Cloud Accounting
The cloud has become a hub for technological innovation as adoption continues to grow. There are a few different technologies that could lead to additional time and cost savings.
AI & Machine Learning
Artificial intelligence (AI) — and specifically machine learning, a subset of AI — have practical applications for accounting software. A system with machine learning capabilities can review large amounts of data and compare it to similar entries to flag anything that doesn’t follow the same pattern, as this often signals a mistake. Machine-learning algorithms become smarter over time as they process more information and can sometimes make decisions independently.
This ability to review massive amounts of data also allows AI to evaluate broader industry trends and performance to help individual companies make better financial projections. It can spot potential problems coming down the road, whether with suppliers, customers or a certain team within your organization. This helps leaders plan for different possible outcomes so they’re not left scrambling and can help minimize the impact of disruptive events.
Much like AI, blockchain is another buzzword you’ve likely heard. Blockchain is a digital, distributed — that is, there’s no single, central authority — ledger that tracks the movement and exchange of assets in detail. Once a transaction is posted, it cannot be altered, reducing the likelihood of fraud. That creates a clear chain of ownership showing who has what and is owed what, or where items traveled in their journey from raw material to end customer.
Blockchain records can also eliminate or reduce the work that comes with maintaining financial records and the verification that happens before financial institutions settle transactions. When the ledger is updated to reflect that a customer received goods ordered from you, that could trigger an automatic, immediate payment to your business so you don’t have to spend time and money collecting.
Blockchain and AI together could even make it possible to audit every single transaction, automatically.
App integration
As noted earlier, just about every type of software is now available in the cloud. That includes applications that address niche needs and are designed to be plugged in to your accounting system, as well as complementary systems for inventory and order management, payroll and CRM.
While these integrations are not as complex or time-consuming to set up as they once were, there is still plenty of room to make them more seamless. In the years to come, more applications will be developed in a way that allows users to access their functionality within the accounting solution. That will prevent users from manually moving data around and negate the need to frequently switch systems to perform various tasks or find information related to financials.
Work Smarter With Cloud Accounting Software
When selecting cloud accounting software, businesses should consider established vendors that offer cloud-native solutions — that is, systems built from the start to run in an as-a-service model versus those simply reworked to run on remote servers. For example, NetSuite offers a cloud-based accounting and finance solution that goes beyond real-time financial data and ledgers, with support for multiple currencies, compliance with global tax laws, automatic invoice payments, collections management and more. This accounting system is the foundation of NetSuite’s unified cloud platform, which includes complementary modules for planning and budgeting, revenue recognition, advanced billing and more.
NetSuite offers a number of other cloud applications as part of its ERP platform for related functions like inventory and order management, procurement, human resources (HR) and payroll, which are all integrated with financials. These applications are natively integrated with a common user interface, and all information is unified on a single platform, eliminating the need to move between systems to manage different aspects of your business. And as a SaaS solution, NetSuite customers automatically receive new releases with key updates twice per year and don’t have to worry about hardware or maintenance.
Cloud accounting is no longer just the future — it’s something businesses need to adopt now to avoid falling behind and operating at a competitive disadvantage. The benefits of using a cloud accounting system are similar to those of other cloud software, but are even more crucial because financials form the basis for everything a business does. Running a company without accurate and real-time financial information is like driving a car without a speedometer or fuel gauge. That’s why a cloud-based accounting system is such a critical investment for businesses today.
#1 Cloud Accounting Software
Cloud Accounting FAQs
Q: Is cloud-based accounting safe?
A: Cloud applications often protect your data better than on-premises systems. Leading providers of cloud accounting software back up your data on servers in multiple locations to mitigate the risk of a fire or natural disaster. Employees are also less likely to share information through insecure methods like flash drives because authorized users can log into the system from any device, wherever they may be working.
Q: Is the cloud secure?
A: The cloud hosts many of the systems we use and data we access in our personal and professional lives, and security protocols have increased accordingly. Top software vendors encrypt all your data and use cybersecurity software to keep it safe. Your system is also password-protected and often has two-factor authentication for an additional layer of security.
Q: What companies use cloud accounting?
A: Companies across industries and locations and of all sizes run on cloud accounting software, and many now start this way. Since financials are central to every aspect of the organization, it benefits everyone.
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IMPACT OF CLOUD ACCOUNTING ON BUSINESS PERFORMANCE Presented by
In an organization, Accounting information systems play a significant role in providing the financial information for decision making. The systems are simultaneously providing information for a variety of other decision makers in production, human resources, finance, management, marketing, and supply chain logistics. Unfortunately, accounting systems often do not support business properly. The causes may be: systems mostly are too large and complex to comprehend them in entirety and traditional information technologies are not efficient. There is a need to adopt the newest technologies for business community. In the present era, the Internet represents the most common tool for real time sharing of knowledge and information which has led to the emergence of digital economy. One of the most innovative models based on the Internet in the field of accounting is Cloud Computing. Cloud computing is a completely internet dependent technology where client data is stored and maintained in the data center of a cloud provider like Google, Amazon, Salesforce.som and Microsoft etc. It allows companies to effectively and economically use IT applications and infrastructures through the model "use as you need and pay as you go". Though, before deploying the data and applications in the virtual environment, organizations must take into account the implications of such a decision on the financial reporting process. In this regard, the paper objective is to examine the impact of cloud accounting technology on the key operational modules used for obtaining accounting data for financial reporting and also to analyze the various security issues in cloud accounting/computing.
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Shaga Praveen
International Research Journal Commerce arts science
Cloud computing promises a new way of provisioning elastic computational resources and software applications by enabling people to have timely access to resources and services with reasonable cost, guaranteed SLA, reduced entry effort and investment. This vision is attractive to research and educational groups in many developing countries where even big academic and research institutions are still lacking resources (and funding for acquiring resources) to sufficiently support their research and education activities. For research and educational groups without adequate computing resources, cloud computing offerings could be a viable
Anurag Jain
Mohd Muntjir , Mohd Rahul
Cloud computing is a technology that uses the Internet and central remote servers to preserve data and applications in a system. It also allows patrons and enterprises to utilize applications without installation and access their individual files with accessing the Internet at any computer. It also allows for much more well organized computing by centralizing data storage, bandwidth and processing. Within the last few years, Cloud computing has progressed as an important prototype for IT enterprises along with inexpensive in costs, transaction according to makes use of, scalability, quick ease of access along with more elasticity. Utmost undersized, medium and huge scale companies, organizations are moving towards cloud computing as it eliminates setting up of high-investment on IT communications and other services like Paas, NaaS and SaaS. In this system, the client data can be accessible in all around the world, controlled and maintained outside their accessibility. Accordingly, there can be privacy and security issues with the client's data. The services providers in cloud industry should convince their clients by ensuring and providing security to their accessible data. Hence, in this survey paper we present and examine different security and privacy issues obtainable in cloud computing. We have also discussed different security models top cloud service providers. Cloud computing system is consuming the globe, and each day is bringing innovative developments in this world.
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Wavelet transforms based ARIMA-XGBoost hybrid method for layer actions response time prediction of cloud GIS services
Layer actions response time is a critical indicator of cloud geographical information services (cloud GIS Services), which is of great significance to resource allocation and schedule optimization. However, si...
Deep learning approach to security enforcement in cloud workflow orchestration
Supporting security and data privacy in cloud workflows has attracted significant research attention. For example, private patients’ data managed by a workflow deployed on the cloud need to be protected, and c...
Cost optimization in cloud environment based on task deadline
The popularity of cloud and fog services has raised the number of users exponentially. Main advantage of Cloud/fog infrastructure and services are crucial specially for commercial users from diverse areas. The...
An enhanced ordinal optimization with lower scheduling overhead based novel approach for task scheduling in cloud computing environment
Efficient utilization of available computing resources in Cloud computing is one of the most challenging problems for cloud providers. This requires the design of an efficient and optimal task-scheduling strat...
Robust and accurate performance anomaly detection and prediction for cloud applications: a novel ensemble learning-based framework
Effectively detecting run-time performance anomalies is crucial for clouds to identify abnormal performance behavior and forestall future incidents. To be used for real-world applications, an effective anomaly...
Understanding the challenges and novel architectural models of multi-cloud native applications – a systematic literature review
The evolution of Cloud Computing into a service utility, along with the pervasive adoption of the IoT paradigm, has promoted a significant growth in the need of computational and storage services. The traditio...
MBi-GRUMCONV: A novel Multi Bi-GRU and Multi CNN-Based deep learning model for social media sentiment analysis
Today, internet and social media is used by many people, both for communication and for expressing opinions about various topics in many domains of life. Various artificial intelligence technologies-based appr...
Load balancing and service discovery using Docker Swarm for microservice based big data applications
Big Data applications require extensive resources and environments to store, process and analyze this colossal collection of data in a distributed manner. Containerization with cloud computing provides a perti...
Lightweight similarity checking for English literatures in mobile edge computing
With the advent of information age, mobile devices have become one of the major convenient equipment that aids people’s daily office activities such as academic research, one of whose major tasks is to check t...
Intermediate data fault-tolerant method of cloud computing accounting service platform supporting cost-benefit analysis
This study mainly aims at the intermediate data fault-tolerant method of cloud computing accounting service platform supporting cost-benefit analysis, which aims at providing cost-benefit analysis function for...
Low-power multi-cloud deployment of large distributed service applications with response-time constraints
Distributed service applications make heavy use of clouds and multi-clouds, and must (i) meet service quality goals (e.g. response time) while (ii) satisfying cloud resource constraints and (iii) conserving po...
Correction: Violence detection approach based on cloud data and Neutrosophic cognitive maps
The original article was published in Journal of Cloud Computing 2022 11 :85
Job scheduling problem in fog-cloud-based environment using reinforced social spider optimization
Fog computing is an emerging research domain to provide computational services such as data transmission, application processing and storage mechanism. Fog computing consists of a set of fog server machines us...
Improved Jellyfish Algorithm-based multi-aspect task scheduling model for IoT tasks over fog integrated cloud environment
Corporations and enterprises creating IoT-based systems frequently use fog computing integrated with cloud computing to harness the benefits offered by both. These computing paradigms use virtualization and a ...
A deep learning based steganography integration framework for ad-hoc cloud computing data security augmentation using the V-BOINC system
In the early days of digital transformation, the automation, scalability, and availability of cloud computing made a big difference for business. Nonetheless, significant concerns have been raised regarding th...
PMHE: a wearable medical sensor assisted framework for health care based on blockchain and privacy computing
Nowadays, smart medical cloud platforms have become a new direction in the industry. However, because the medical system involves personal physiological data, user privacy in data transmission and processing i...
A systematic review on effective energy utilization management strategies in cloud data centers
Data centers are becoming considerably more significant and energy-intensive due to the exponential growth of cloud computing. Cloud computing allows people to access computer resources on demand. It provides ...
Federated learning in cloud-edge collaborative architecture: key technologies, applications and challenges
In recent years, with the rapid growth of edge data, the novel cloud-edge collaborative architecture has been proposed to compensate for the lack of data processing power of traditional cloud computing. On the...
A novel privacy protection scheme for internet of things based on blockchain and privacy set intersection technique
In the era of big data, an ocean of data generated by Internet of Things (IoT) devices will be analyzed and processed by cloud computing. However, outsourcing of data can lead to leakage of user privacy to tho...
Efficient 3D object recognition in mobile edge environment
3D object recognition has great research and application value in the fields of automatic drive, virtual reality, and commercial manufacturing. Although various deep models have been exploited and achieved rem...
NIDD: an intelligent network intrusion detection model for nursing homes
In nursing homes using technologies such as IoT, big data, cloud computing, and machine learning, there is a constant risk of attacks such as Brute Force FTP, Brute Force SSH, Web Attack, Infiltration, and Bot...
Task offloading in hybrid-decision-based multi-cloud computing network: a cooperative multi-agent deep reinforcement learning
Multi-cloud computing is becoming a promising paradigm to provide abundant computation resources for Internet-of-Things (IoT) devices. For a multi-device multi-cloud network, the real-time computing requiremen...
Information-theoretic secure rational secret sharing in asynchronous networks for untrusted cloud environments
Today, cloud storage services increased the popular for data storage in the cloud and retrieve from any location without any time limitations. One of the most important demands required in cloud is secured dat...
A novel vehicular task deployment method in hybrid MEC
With the skyrocketing need for low-latency services on the Internet of Vehicles (IoV) and elastic cross-layer resource provisioning, multi-access edge computing (MEC) is considered a high-potent solution, whic...
Improving cloud efficiency through optimized resource allocation technique for load balancing using LSTM machine learning algorithm
Allocating resources is crucial in large-scale distributed computing, as networks of computers tackle difficult optimization problems. Within the scope of this discussion, the objective of resource allocation ...
Task partitioning and offloading in IoT cloud-edge collaborative computing framework: a survey
Internet of Things (IoT) is made up with growing number of facilities, which are digitalized to have sensing, networking and computing capabilities. Traditionally, the large volume of data generated by the IoT...
Violence Detection Approach based on Cloud Data and Neutrosophic Cognitive Maps
Violence has remained a momentous problem since time immemorial. Various scientific studies are conducted in the recent past to identify the stimuli causing violent behavior among the masses and to achieve the...
The Correction to this article has been published in Journal of Cloud Computing 2022 11 :100
Software architecture for pervasive critical health monitoring system using fog computing
Because of the existence of Covid-19 and its variants, health monitoring systems have become mandatory, particularly for critical patients such as neonates. However, the massive volume of real-time data genera...
A multi-dimensional extensible cloud-native service stack for enterprises
With the widespread acceptance of the cloud-native concept and the emergence of a large number of dedicated cloud-native applications, the service stacks of cloud-native applications have received extensive at...
Cloud-based deep learning-assisted system for diagnosis of sports injuries
At both clinical and diagnostic levels, machine learning technologies could help facilitate medical decision-making. Prediction of sports injuries, for instance, is a key component of avoiding and minimizing i...
A systematic review of the purposes of Blockchain and fog computing integration: classification and open issues
The fog computing concept was proposed to help cloud computing for the data processing of Internet of Things (IoT) applications. However, fog computing faces several challenges such as security, privacy, and s...
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- 07 Feb 2023
- Research & Ideas
Supervisor of Sandwiches? More Companies Inflate Titles to Avoid Extra Pay
What does an assistant manager of bingo actually manage? Increasingly, companies are falsely classifying hourly workers as managers to avoid paying an estimated $4 billion a year in overtime, says research by Lauren Cohen.
- 13 Jan 2023
Are Companies Actually Greener—or Are They All Talk?
More companies than ever use ESG reports to showcase their social consciousness. But are these disclosures meaningful or just marketing? Research by Ethan Rouen delves into the murky world of voluntary reporting and offers advice for investors.
- 24 Feb 2022
Want to Prevent the Next Hospital Bed Crisis? Enlist the SEC
After two years of COVID-19, many hospitals still haven't figured out how to manage the overwhelming wave of patients that flood ICUs during each surge. Regina Herzlinger and Richard Boxer offer a novel solution. Open for comment; 0 Comments.
- 28 Feb 2021
- Working Paper Summaries
Connecting Expected Stock Returns to Accounting Valuation Multiples: A Primer
This paper introduces a framework to investors and researchers interested in accounting-based valuation. The framework connects expected stock returns to accounting valuation anchors. It can be generalized to evaluate an enterprise's expected returns, and can be adapted to correct for the use of stale accounting data.
Measuring Employment Impact: Applications and Cases
Employment impact-weighted accounting statements quantify the positive and negative effects of firm practices for employees and the broader labor community. This analysis of companies in different sectors shows how these statements are beneficial both at an aggregate and more specific level.
- 02 Nov 2020
Accounting for Organizational Employment Impact
Impact-weighted accounting methodology standardizes previously disparate measures of impact, in this case the impact of employment. This paper’s methodology and analysis of Intel, Apple, Costco, and Merck shows the feasibility of measuring firm employment impact for insight into firm practices and performance. Closed for comment; 0 Comments.
- 20 Sep 2020
Updating the Balanced Scorecard for Triple Bottom Line Strategies
Society increasingly expects businesses to help solve problems of environmental degradation, inequality, and poverty. This paper explains how the Balanced Scorecard and Strategy Map should be modified to reflect businesses’ expanded role for society.
- 24 Aug 2020
Performance Hacking: The Contagious Business Practice that Corrodes Corporate Culture, Undermines Core Values, and Damages Great Companies
Performance hacking (or p-hacking for short) means overzealous advocacy of positive interpretations to the point of detachment from actuals. In business as in research there are strong incentives to p-hack. If p-hacking behaviours are not checked, a crash becomes inevitable.
- 27 Feb 2020
- Sharpening Your Skills
How Following Best Business Practices Can Improve Health Care
Why do Harvard Business School scholars spend so much time and money analyzing health care delivery? Open for comment; 0 Comments.
- 18 Feb 2020
A Preliminary Framework for Product Impact-Weighted Accounts
Although there is growing interest in environmental, social, and governance measurement, the impact of company operations is emphasized over product use. A framework like this one that captures a product’s reach, accessibility, quality, optionality, environmental use emissions, and end of life recyclability allows for a systematic methodology that can be applied to companies across many industries.
- 16 Oct 2019
Core Earnings? New Data and Evidence
Using a novel dataset of earnings-related disclosures embedded in the 10-Ks, this paper shows how detailed financial statement analysis can produce a measure of core earnings that is more persistent than traditional earnings measures and forecasts future performance. Analysts and market participants are slow to appreciate the importance of transitory earnings.
- 28 May 2019
Investor Lawsuits Against Auditors Are Falling, and That's Bad News for Capital Markets
It's becoming more difficult for investors to sue corporate auditors. The result? A weakening of trust in US capital markets, says Suraj Srinivasan. Open for comment; 0 Comments.
- 22 Jan 2019
Corporate Sustainability: A Strategy?
Between 2012 and 2017, companies within most industries adopted an increasingly similar set of sustainability practices. This study examines the interplay between common and strategic practices. This dynamic distinction helps for understanding whether and how sustainability practices can help companies establish a competitive advantage over time.
- 03 Jan 2019
Financing the Response to Climate Change: The Pricing and Ownership of US Green Bonds
Green bonds are used for environmentally friendly purposes like renewable energy. Complementing previous research, this paper explores the US corporate and municipal green bond and shows that a subset of investors is willing to give up some return to hold green bonds.
- 03 Dec 2018
How Companies Can Increase Market Rewards for Sustainability Efforts
There is a connection between public sentiment about a company and how the market rewards its corporate social performance, according to George Serafeim. Is your company undervalued? Open for comment; 0 Comments.
- 19 Nov 2018
Lazy Prices
The most comprehensive information windows that firms provide to the markets—in the form of their mandated annual and quarterly filings—have changed dramatically over time, becoming significantly longer and more complex. When firms break from their routine phrasing and content, this action contains rich information for future firm stock returns and outcomes.
- 24 Sep 2018
How Cost Accounting is Improving Healthcare in Rural Haiti
The cost of healthcare in rural Haiti was found to vary widely, even inside the same health organization. A pioneering cost accounting system co-developed by Robert Kaplan was called in to determine the cause. Open for comment; 0 Comments.
- 14 Dec 2017
The Real Exchange Rate, Innovation and Productivity
Addressing debates on the effects of real exchange rate (RER) movements on the economy, this study examines manufacturing firm-level effects of medium-term fluctuations, in particular firm-level productivity across a wide range of countries. RER changes have different impacts depending on the export and import orientation of regions and the prevalence of credit constraints. Effects are non-linear and asymmetric, suggesting that the link between RER changes and macroeconomic performance might be much more nuanced than usually thought.
- 31 May 2017
Stock Price Synchronicity and Material Sustainability Information
This paper seeks to understand and provide evidence on the characteristics of emerging accounting standards for sustainability information. Given that a large number of institutional investors seek sustainability data and have committed to using it, it is increasingly important to develop a robust accounting infrastructure for the reporting of such information.
- 13 Mar 2017
Why and How Investors Use ESG Information: Evidence from a Global Survey
Survey data from more than 400 senior investment professionals provides insights into why and how investors use environmental, social, and governance (ESG) information as well as the challenges in using this information. This study also documents what investors believe will be important ESG styles in the future.
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Cloud Computing Value Chains: Research from the Operations Management Perspective
Manufacturing and Service Operations Management (MSOM), Forthcoming
48 Pages Posted: 18 Feb 2021 Last revised: 25 Sep 2022
University of Washington - Foster School of Business
Kamran Moinzadeh
Foster school of business - university of washington, jing-sheng jeannette song.
Duke University - Fuqua School of Business
University of Chicago - Booth School of Business
Date Written: June 9, 2022
Problem definition: Cloud computing has been recognized as a critical driver of Information-Technology enabled innovations. The Operations Management (OM) community, however, has not been exposed enough to the essential operations problems that arise from the management of cloud value chains. In this paper, we examine recent research on cloud value chains and explore future research opportunities from an OM perspective. In particular, we focus on major operations management challenges facing a cloud provider in three problem domains: (1) cloud computing resource management, (2) pricing in the cloud computing marketplaces, and (3) capacity planning and management of cloud supply chains. Methodology and Results: We describe prevalent business models and management practices in the cloud value chains, discuss recent research from OM that falls into each of the three problem domains mentioned above, and point out opportunities for future research. We note that cloud computing operations are driven by demand that exhibits the distinct characteristics including complex workflow, demand redundancy, multi- featured characteristics, multi-dimensional resource requirement, and non-stationarity. On the supply side, cloud computing operations also exhibit distinct characteristics including heterogeneous resources, packing constraints, bundled supply, technology risks, and cost uncertainty. These characteristics of demand and supply are not all prevalent in other operations. Managerial Implications: Cloud computing operations not only share many features with classic OM problems, but also bring new challenges and innovative business models. Thus, OM tools and research have the potential to provide vital insights into cloud computing operations and impact management practices in the cloud industry, which in turn can stimulate much innovative research from the OM perspective.
Keywords: Cloud Computing, Resource Management, Stochastic Scheduling, Pricing and Revenue Management, Capacity Planning, Supply Chain Management
Suggested Citation: Suggested Citation
Shi Chen (Contact Author)
University of washington - foster school of business ( email ).
Michael G. Foster School of Business University of Washington Seattle, WA 98195-3200 United States
Foster School of Business University of Washington Seattle, WA 98195-3200 United States
Duke University - Fuqua School of Business ( email )
100 Fuqua Drive Duke University Durham, NC 27708 United States
HOME PAGE: http://people.duke.edu/~jssong/
University of Chicago - Booth School of Business ( email )
5807 S. Woodlawn Avenue Chicago, IL 60637 United States
HOME PAGE: http://faculty.chicagobooth.edu/Yuan.Zhong/
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Business Trends
The Rising Importance of Cloud ERP for Finance and Accounting Teams
The time and resources demanded from every business function are stretching thinner and thinner by the day. But for finance and accounting operations, the nature of this pressure to handle more responsibility and stay ahead of operational risks is creating an environment of ever-evolving fire drills threatening all financial measures.
According to Aberdeen Group , surveyed finance and accounting teams face an increasingly wide variety of organizational and business challenges – some of which are outside their traditional domain. For example, current budgeting and forecasting capabilities need to be streamlined and automated wherever possible to keep up with changing customer needs and the adoption of new business models. Meanwhile, market volatility is creating the need to account for shifts dynamically – and the reasons behind them – in their reporting.
Given what finance and accounting organizations are up against, the adoption of cloud-based ERP is proving to be a significant advantage for top performers. In fact, Aberdeen Group research revealed that the importance of streamlined processes in present-day and future business success is further accentuated with the use of digital capabilities for collaboration, risk reporting, and analyses.
Expanding organizational capacity to meet demands
All the unknowns in the marketplace and economy can make predicting what lies ahead impossible, especially in an environment of isolated data, projects, and decision-making. But once finance and accounting teams open their doors to multiple business units, opportunities for collaboration lead to expanded capacity for themselves and the rest of the business.
In the Aberdeen Group study, organizations that use cloud ERP across critical process capabilities are 40% more likely to have a standardized workflow for decision-making. This approach helps ensure the business is not using multiple versions of the same process, empowering everyone with the same insights to optimize their performance and deliver on business objectives.
An even more powerful benefit of using cloud ERP is the satisfaction of knowing what processes work and which ones require additional support or refinement. The ability to link business performance to processes allows decision-makers to identify the root cause of actualized or emerging problems quickly. More importantly, all business units can work in unison to respond in a manner that drastically reduces the risk of operational disruption, regulatory and industry noncompliance, productivity loss, and revenue leakage.
All these capabilities gained through a cloud ERP bring the potential to communicate the latest financial information across the enterprise with multi-dimensional reporting with roll-ups. In return, decision-makers can see the data they need in the form best suited for their understanding of the business situation or issue. No further manipulation and one-off reporting are required, just the authorization to roll the data up and down as necessary.
However, company-wide improvements in data sharing, analysis, communication, and decision-making accuracy are not the only improvements finance and accounting teams realize from cloud ERP. Based on Aberdeen Group research data, they can also realize KPI improvements such as 15.6% faster decision and business processes and 12.9% greater accuracy in financial reports.
Leading the enterprise forward – together
Success in the rapidly changing digital economy today hinges on streamlined and fast processes and real-time access to strategic business insights. And no organization understands that reality better than finance and accounting organizations.
By multiplying finance intelligence and sharing it through a single, unified cloud ERP, finance and accounting teams can become the partners that their company needs now. Together, they can shape differentiating value that drives business continuity, wins over customers, and fuels ongoing growth.
To find out how your finance and accounting organizations can drive more value business-wide with cloud ERP, read the Aberdeen Strategy & Research paper “ Cloud ERP: The Backbone Behind Finance and Accounting Agility .”
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Applying IFRS – Accounting for cloud computing costs July 2021
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This publication discusses how an entity might account for a cloud computing arrangement considering the requirements in IFRS.
IFRS Standards do not contain explicit guidance about a customer’s accounting for cloud computing arrangements, so judgement will be required to account for them.
This publication has been updated for the March 2021 IFRS Interpretations Committee agenda decision on costs of configuring or customising a supplier’s application software in a software as a service arrangement that is accounted for as a service.
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Free Research Paper About Accounting
Type of paper: Research Paper
Topic: Accounting , Finance , Organization , Business , Investment , Banking , Public , Information
Published: 01/28/2021
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Accounting is one of the most important and unique disciplines, which has a profound effect on all economic entities. Regardless of the job position, each individual should possess the knowledge of accounting as it has its application in various job specialties. Accounting is not only useful for business organizations, but also individuals in their daily lives to analyze their finances. I like accounting because it is one of the noblest professions, which receives a very high esteem the eyes of the public. In businesses, accounting is the fundamental framework of any business. It helps to assess the profit or loss of an organization. In government organizations, accounting aids in the budgeting of funds and financing projects of national significance. For personal use, accounting helps to make important decisions related to investments, insurance, pension planning, savings and many other financial aspects . Accounting is the only way of keeping track of the financial information of an organization, which helps to detect fraud and take necessary steps to prevent the same. It is an instrument of communication between the financial institutions and individuals to avail funds from banks. Accounting generates reports and financial statements, which help the creditors, banks and other financial institutions to decide on the disbursement of loans. Without accounting, it is impossible for businesses as well as individuals to maintain a healthy financial status in the society. In the case of businesses, accounting helps to track the performance of their organizations, which in turn determines their reputation in the investors . Investors judge the profitability of their investments only after examining the financial statements of an organization thoroughly. Even after investing in a company, investors continually review the financial statements. Record keeping, one of the important elements of accounting helps to analyze and interpret data collected from various sources, which helps in the process of decision making in various economic activities. Accounting provides various performance measures, which determine whether or not a business is achieving its goals and objectives. It is only on the basis of financial information provided by accounting that businesses survive in the market. In order to take important decisions related to public issues, accounting serves as a useful tool to the regulatory agencies, tax authorities and other institutions . Labor unions also depend on accounting to analyze the financial information of organizations and prepare contract negotiations. Various non-profit organizations also depend on the accounting information in order to raise funds from investors, tax payers and creditors. Accounting aids in the planning process and plays an important role in preparing annual tax statements. The income statements and balance sheets prepared through the knowledge of accounting help to assess the profit and loss, and assets and liabilities of any business. For employees, accounting is important as it determines the financial condition of the organization in which they work. Accounting helps in controlling the finances from inappropriate expenses and ensures the future prospects of a business. The elimination of fraudulent activities becomes easy through the maintenance of accounting information. It also prevents chaos and discrepancies in various transactions conducted by businesses. Accounting improves the efficiency, accuracy and effectiveness of a business organization through the maintenance of financial records. It also helps the organizations to compare and comprehend the finances of other organizations and analyze their position. A wide variety of jobs and careers are available for those pursuing education in the field of accounting. According to the surveys, there is an expected growth of accounting related jobs in the near future due to an increase in the number of businesses, which require auditing services to meet the changing financial regulations of the market . Moreover, there is a great demand for the scrutiny of the finances of businesses in today’s culture, which is another driving factor for the growth of accounting jobs. In the recent years, jobs related to audit positions and financial analysis, are witnessing an increasing growth. One can become a management accountant and work in-house for companies belonging to all categories. Jobs in new accounting specialties are growing at a tremendous rate, which include international accounting and forensic accounting. Litigation consulting and environmental accounting are gaining importance in the recent years due to a growing concern of businesses related to antitrust situations and environmental awareness . The role of public accountants who majorly deal with financial accounting is also increasing at a tremendous rate. One can also become a private accountant and serve the accounting needs of businesses, individuals as well as government and non-profit organizations. There is a huge need for internal auditors in various companies as they perform audits related to specific departments and operational units within the company. A career as an accountant in the government sector helps to serve the local, state and federal needs of accounting . In the long term, public accounting has more benefits when compared to private accounting jobs, such as job security and promotions. However, there are also risks related to chargeability issues in public accounting. Thus, depending on the interests and various options available in the market, individuals may decide on which career they would like to pursue in the accounting field.
Works Cited
Berry, Aidan and Robin Jarvis. Accounting in a Business Context. London: Cengage Learning, 2005. Carter, Felicity. Accounting Careers: Adding Interest to Your Future!. Career FAQs, 2007. Christensen, Peter Ove and Gerald Feltham. Economics of Accounting. Springer Science & Business Media, 2005. Needles, Belverd and Marian Powers. Financial Accounting: Media Enhanced. Boston: Cengage Learning, 2007.
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Our ‘write my paper for me’ service offers a wide range of extra features to make the ordering process even more pleasant and convenient. Unlike lots of other services, we provide formatting, bibliography, amendments, and a title page for free.
‘When you write my paper for me? Can I monitor the process?’ Naturally, you can. We understand that you may want to ensure that everything is going well. Furthermore, there may be situations when some corrections are needed. We believe that a tool like this can come in handy. The assigned writer will strictly follow your and your professor’s requirements to make sure that your paper is perfect.
‘Is it possible to write my essay from scratch?’ We don’t do just proofreading or editing. Our goal is to fully carry your burden of writing. When this or similar questions appear, we always assure our customers that our writers can do whatever they need. Apart from writing from scratch or editing and proofreading, our experts can effortlessly cope with problem-solving of all kinds;even sophisticated software assignments!
Our ‘write my paper for me’ service is good for everyone who wants to delegate paper-writing to professionals and save precious time that can be spent differently and in a more practical way. We want you to be happy by offering the great opportunity to forget about endless and boring assignments once and forever. You won’t miss anything if your papers become the concern of our professional writers.
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‘Writing my papers is unbearable!’ you may think But you’re not alone… What if we told you that we know a magical place where professionals can write your essays so perfectly that even professors’ most sophisticated requirements will be met? You’ve probably already guessed that we’re talking about WritePaperFor.me — the most delightful, facilitating, and destressing custom paper-writing service!
We are not going to be shy about our wish to see you as our steady customer. As a result, we aren’t twiddling our thumbs but permanently improving our services; we carefully select writers who always bone up on their subjects and disciplines, and we won’t rest unless you’ve gotten your ideal paper(s). All your wishes become our unshakable rules!
Why would I ask you to write paper for me?
Despite the obvious and even natural resistance to the idea of paper writing in principle that may occur with any student, you may also ask yourself, ‘Why would I need you to help me write my paper?’ The answer to this question lies in the spectrum of your routine actions. It’s not surprising that studying becomes part of our lives, but sometimes we’ve just got too much going on!
When you write an essay or academic paper, you just do one of the numerous things you face daily or weekly. This part of your life consumes lots of energy and time, so how can you possibly get around to doing other things like having fun, working, playing sports, helping relatives, and spending time with friends?
People are social creatures, and it’s only natural of us to request help from experts.. That’s why we ask doctors, electricians, or plumbers to help us! They’re all specialists. Who writes essays for you better than you do? Right, people who write numerous essays every day. We are experts in academic writing, aimed at satisfying all your needs related to education.
You just hire a professional to get a paper written, like you normally do in other situations. Our team of writers know everything about writing your paper and can cope with assignments of any complexity and academic level. Well-researched and expertly-written papers are what we do for our customers, and we always do our work professionally so that you could kick back and enjoy your life to the fullest.
The undeniable benefits of our custom paper-writing service
Apart from a paper written in accordance with the highest standards, we provide a wide range of contributory advantages to make your life easier. Let’s take a closer look at them.
Round-the-Clock Support. Our paper-writing service works day and night to help you with all current issues. Our friendly support team is available whenever you need them, even if it’s the middle of the night. They will gladly guide you and answer all your questions on how to order customized papers or consult you about the matters at hand. Feel free to share your questions or concerns with them and get comprehensible answers.
High-Class Quality. ‘Will you write a paper for me that meets all requirements?’ This question is frequently asked by many students, and we always answer in the affirmative. Our main goal is to deliver a perfectly written paper the meets the highest possible writing standards. We don’t rest unless you are satisfied with our work. If you hire a paper writer online, we guarantee you that you get 100% original and plagiarism-free assignments of high quality.
Complete Anonymity. We value your privacy and use modern encryption systems to protect you online. We don’t collect any personal or payment details and provide all our customers with 100% anonymity. ‘Can you write a paper for me and let me stay anonymous?’ Of course, we can! We are here to help you, not to cause problems.
Fast Delivery. We completely understand how strict deadlines may be when it comes to writing your paper. Even if your paper is due tomorrow morning, you can always rely on us. Our writers meet all set deadlines unequivocally. This rule is ironclad! The offered range is wide and starts from 6 hours to 2 weeks. Which one to choose is totally up to you. On our part, we guarantee that our writers will deliver your order on time.
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270+ Best Accounting Research Topics and Ideas for Students
Table of Contents
What are the best accounting research topics? Do you want to prepare an informative research paper on a unique accounting research topic? In general, when it comes to writing an accounting research paper, you can explore and find numerous research topics and ideas on accounting. However, out of them all, choosing the best topic is a challenging and exciting task to execute.
If you are not sure how to choose a good accounting research topic and write a brilliant accounting research paper, then continue reading this blog post and learn how to get started. Also, from here, find out the list of accounting research paper topics and ideas for writing Accounting assignment paper.
How to Select a Good Accounting Research Topics
Accounting is an interesting subject that deals with the systematic process of recording and managing financial accounts related to a business. The common accounting process includes summarizing, analyzing, and reporting.
For writing an accounting research paper, a good topic is what you need first. But choosing a research paper topic is one of the challenging tasks that will consume a lot of time and effort. In most cases, your professors will specify the topics for you to choose from. But if you are asked to go with the accounting research topic of your choice, then during the topic selection process, make sure to keep the following things in mind.
The accounting research topics you choose should
- Match your interest.
- Be informative and meet the expectation of your readers.
- Not be too broad or too narrow.
- Allow you to perform deep research and obtain extensive information.
- Have sufficient research scope to prove your expertise in accounting.
- Contain reliable sources, evidence and examples to explain your topic and set credibility.
If the accounting research topic you have selected satisfies all the above-mentioned tips and stands in line with the academic paper writing guidelines shared by your professor, then without any second thought, you can finalize your topic and start writing the accounting research paper.
List of Accounting Research Paper Topics and Ideas
As said earlier, accounting is a broad subject with a variety of research topics. When you are asked to write an accounting research paper, you can choose any topic from categories that are related to managerial accounting, online accounting, tax accounting, bookkeeping, fund accounting, auditing, accounting theory, etc.
Usually, searching and finding a good research topic consumes a lot of time and effort. Hence, in order to make your searching process easier and to help you save your time, here we have recommended a list of the top accounting research paper topics and ideas on various categories.
Check the entire list of ideas and pick a topic that is comfortable for you to perform research and write a top-quality accounting research paper.
Accounting Thesis Topics
- Supply chain relations and managing possible risks
- The link between management accounting and environmental reporting
- Comparative analysis of home country and host country outsourcing relations.
- How can managers equate credits and debts within the company?
- Discuss the efficacy of exploratory study modes in fixed asset financing.
- How is the cost of quality difference in the current manufacturing environment
- The requirements of GAAP compliance in the current standards of accounting
- The tools used by accounting management to identify the missing figures
- How can companies escape financial fraud?
- How do American banks assess long-term loans?
- Is the forecasting of bankruptcy based on financial ratios reliable?
- How is management duration affected by increasing the frequency of financial reporting?
- How does shareholder opinion affect the performance of a company?
- What are the risks of analysis and design in accounting systems?
- How does regulation of financial accounting direct goodwill impairment treatment?
Top Financial Accounting Topics
- Auditor’s job with the clients and third parties
- Market analysis and perspectives of Cryptocurrencies
- Expected returns in finance and accounting
- Relation between earning management and discretionary accruals
- The intensity of interest rates in finance and accounting
- The effect of digital currency on finance and accounting
- Corporate disclosure and governance.
- Review the best practices of cash flow reporting globally.
- How does time affect the process of cash flow?
- Why is the assessment of the financial balance sheets essential in making business decisions?
- What are the determinants in the progress of financial and accounting reporting?
- The common challenges of financial accounting in the hotel industry
- Independence of auditors and reliability of financial reports in the banking sector
- How does the accounting information system affect the financial health of a firm?
- How accounting standards can be applied in the crucial business process of financial conglomerates
- A methodical review of cost accounting in popular heritage centers across the globe.
- How internal control and data quality affect the financial health of an organization.
- Discuss risk-taking in businesses from an accountant’s perspective.
- The importance of inventory management in non-governmental organizations.
- The relationship between firm size, accounting information system, profitability, and leverage.
- Credit management and the repercussions of bad debt in commercial banks.
- The challenges of cost accounting in the oil and gas sector
- Relevance of accounting practices in budgeting and planning of multinational corporations
- How do sensible investments contribute to business growth?
- An elaborate study of risk management practices in the defense sector.
Managerial Accounting Research Topics
- Comparing strategic management accounting practices between developed and emerging economies.
- How does quality human resource management affect auditing firms?
- A systematic review of cost accounting in museums
- A detailed study of risk management in the agricultural sector
- Analyzing how activity-based costing add value to a project
- Is double-entry accounting helpful for managers to operate businesses smoothly?
- How can strategic management accounting be applied in the publishing industry?
- Use the HSBC perspective to explain how banks manage risks
- How do decision support systems increase managerial effectiveness?
- Adding new partners to an account. Explain the process and its associated challenges.
- A review of the best global budgeting practices in the public sector
- How is performance management data used by top management to make strategic decisions?
- Managing risks in politically unstable economies
- How the Cost of Goods produced affect pricing in the process of strategic decision-making?
- How to budget under uncertainty
Tax Accounting Research Topics
- Critical analysis of the effects of small business budgeting effects on tertiary institution management
- Analyzing the peculiarities in USA’s taxation system.
- Exploring how income tax affects start-ups and small businesses
- Critically analyzing how accounting and taxation knowledge among leaders can benefit a country
- Studying the effects of intellectual capital on the growth and development of huge enterprises
- Tax legislation for the freelance market. Discuss the steps and policies to ensure fair taxation for freelancers.
- The impact of tax administration on revenue generation
- The effects of revenue generation on tax auditing and investigation in developing economies.
- Analyzing the taxation system concerning growth and promotion of underdeveloped countries
- Discuss the various tax evasion measures adopted by CEOs based on gender diversity
- Critically analyzing the effects of effective taxation on the welfare of the country
- The influence of information technology on efficient tax management
- How audited accounts help insurance companies and income tax authorities in claim settlements.
- Are tax incentives responsible for economic growth and industrial development?
- Tax avoidance and evasion and its effects on economic development
- The common issues of income tax administration incorporate
- The best practices to estimate tax on company earnings
- Tax reform initiatives that would benefit small businesses?
- Public accounting firms and the impact of tax advisory.
- How can the Wealth Tax of a firm be assessed using audited accounts?
Online Accounting Research Paper Topics
- What are some common risks of online accounting?
- Major factors in determining the valuation of mergers and acquisitions
- Suggest ways to bring circular debt to control a business firm
- Analyzing the importance of audit for big corporate houses
- Significant factors for understanding ratio analysis
- The effects of accounting information on cost of capital of a firm
- The role of modern accounting in the economic development of emerging economies
- Elements of global accounting
- Ways to monitor liquidity levels using financial accounting tools
- How information technology has impacted accounting management systems in developing countries
Research Topics on Accounting Theory
- Explain few accounting practices using various accounting theory concepts.
- Accounting theory is an often neglected subject. Present your views for or against this statement.
- Choose any popular accounting theory that was influenced by cultural progression and discuss its significance.
- Provide a detailed analysis of various accounting theories in the last four decades in terms of their evolution.
- Is the objective of accounting determined by the concepts of accounting theory?
- The relationship between positive accounting theory and integrated reporting.
- How is the normative stakeholder theory justified with the application of ethical principles?
- Does culture affect the development of accounting theories?
- What is the importance of learning accounting theories?
- Discuss some of the most relevant accounting theories that have developed in the last 10 years.
- Does accounting borrow concepts from social sciences when developing theories?
- What is the influence of the political environment on accounting theories?
- How do sociological environments affect accounting theories?
- Accounting theories and the relationship with behavior
- How do economical environments affect accounting theories?
- Neo-liberal ideologies and positive accounting theories to solve various problems of society.
- Provide a timeline of the development of various accounting theories used in the modern world.
- Provide a detailed comparative analysis between positive and normative accounting theories.
- Silences in Business Annual Reports and their criticism in popular accounting theories.
- How do popular accounting theories affect the business decisions in large, small, and medium enterprises?
- What are the various contributions of accounting theories to modern economies?
- How accounting theories have shaped the ethics of international business.
- How can the accounting theories be applied to improve the financial health of any organization?
- The use of accounting theories in determining the global environmental standards for transnational corporations.
- Ex-Ante and Ex-Post accounting techniques and their impact on policymaking.
Fund Accounting Research Topics
- Reviewing the different financial analysis models
- Analyzing the different fund accounting policies
- Differences in theory and practice in multinational fund accounting
- In-depth research and discussion on fund accounting in non-profit organizations
- Analyzing fund accounting policies of different companies
- How is the accrual bases system important in fund accounting?
- Practical implications of accounting for pension funds
- Analyzing fund accounting in the government sector
- Is it possible to predict financial distress and imminent bankruptcy by following the cash flow models?
- Ways a firm choose accounting methods
Auditing Research Topics
- The impact of continuous auditing on organizational functioning
- Effect of internal auditing on financial reporting: internal bias or total compliance
- The impact of auditing on the ethical behavior of senior management
- Studying the differences in auditing between public and private enterprises.
- The globalization of auditing standards- an investigative analysis.
- The various benefits of auditing partnership firms.
- The impact of fraudulent reporting on preparing correct audit reports.
- How automated forensic auditing help in fraud detection and prevention?
- What are the problems and prospects of auditing in government organizations?
- How does social auditing help in improving rural development?
- The relationship between proper accounting practices and auditing.
- How to determine the credibility of in-house audit reports?
- What are the common disparities that arise as a result of audit reports?
- What is the efficiency and effectiveness of audit boards and committees?
- How do external audits effectively prevent fraud in the banking sector?
Bookkeeping Dissertation Topics
- Comparing single and double-entry bookkeeping
- Why are good bookkeeping practices important?
- Studying the benefits of business accounting concerning modern technology
- Discussing the impact of electronic bookkeeping on past accountants
- Why do accountants make false entries in the books sometimes?
- Evaluate the importance of bookkeeping processes with respect to small and medium-scale companies.
- The method of managing financial transactions using bookkeeping practices.
- How do companies manage misinformation in their accounting books even after the audit?
- How is the performance of an organization influenced by consistent bookkeeping?
- Compare payment accounts, cash book and receipts with a detailed review of their importance in accounting.
Accounting Project Ideas
- The best options to attain more revenue for start-up companies.
- How to properly address income and expenses.
- The need for general account audits in an organization.
- Provide a detailed social analysis of management accounting
- The best practices of recording and classifying transactions for use in the future.
- Do hiring accounting graduates contribute to reducing fraud in companies?
- What are the primary functions of the periodic and perpetual inventory systems?
- How does the service industry generate revenue?
- Should small and micro-enterprises adopt accounting?
- A study of the existing systematic relations between the categorical variables.
- How to balance ostensive management accounting research and performativity?
- Assessment of potential risks when companies enter a new market.
- How does the size and scale of an organization affect the financial records?
- Bank audit in COBIT using corporate governance auditing method
- How is the information displayed in the system?
- Evaluating the role and effectiveness of audit committees
- Evaluating the success of green accounting policy within finance departments of two major UK universities
- Comparing the methods in international accounting
- Financial reporting requirements of non-profit accounting
- The role of micro-loans in the modern finance
Unique Accounting Research Topics
- Why is investing in the right places necessary for businesses?
- A study of the determinants of capital structure in an SME framework.
- A comparative study of managing the future of accounting in second-generation family businesses.
- An analysis of the role of auditors in preventing economic downfall during the global recession.
- A detailed study of the important accounting procedures that all businesses need to follow.
- The concept of global textual financial statement analysis.
- A detailed study of consumer satisfaction in the banking sector of any country of your choice.
- What is the precise structure of the ideal accounting information systems framework in multinational companies?
- Why should ethical judgment be implemented at all times in accounting?
- Compare environmental risk disclosure in the case of two British and two German companies.
- A detailed study of the limitation and scope of accounting in the industry of e-commerce.
- The different options for growth within privately-issued mortgage-backed securities.
- A study of debt contracts, accounting conservatism and financial institutions.
- Quantitative accounting techniques and the application of ethical judgment.
- How is a chartered accountant responsible for debt management within a business firm?
- Compare the concepts of risk-based auditing and traditional accounting
- Fair value measurements and the challenges they pose to external audits.
- What is the role of data management and cloud computing in accounting information systems?
- Is it possible to maintain accounting ethics in industries related to radioactive material?
- The limitations of developing accounting information systems in developing countries.
Popular Accounting Research Paper Topics
- What are the cultural and racial issues that prevent accounting from being effective?
- The effects of horizontal and vertical communication in accounting?
- How are security prices affected by dividend announcements?
- Why do women dominate the field of accounting?
- What are the major legal and ethical considerations in accounting?
- A study of the impact of effective internal audits in the functioning of state ministries.
- How can federal agencies be funded effectively?
- How to evaluate the effects of electronic data processing in any community bank.
- Ways to ensure effective financial control in public sector organizations.
- What are the challenges faced by a diverse accounting office with respect to compatibility?
- Is the current literature available on accounting enough?
- Provide a detailed study of resource mobilization and financial intermediation.
- A study of effective management of working capital in the banking sector.
- The problems of accounting with respect to partnership firms.
- The impact of prudential guidelines in managing the insurance industry.
Great Topics for Accounting Research Papers
- How do financial balance sheets help keep accounts in good standing?
- What are the biggest dilemmas in the ethics of accounting?
- Why should financial reporting have government regulations?
- How did best practices for accounting develop over time?
- What is the most effective method to update accounting systems?
- Is it better to conduct manual accounting or computerized accounting?
- Is internet-based accounting software safe for businesses?
- As technology evolves should companies make accounting changes?
- Should companies keep their methods of accounting a secret?
- What are the biggest ethical questions in regards to accounting?
- Is offshore accounting safe for small businesses with limited budgets?
- Can the right type of software help a business cut costs?
- How can large corporations reduce the amount of taxes they pay?
- What are the most sophisticated aspects of traditional accounting?
- In what ways are financial disclosures in online finance programs putting users at risk?
Advanced Accounting Research Topics
- What are the biggest limitations of finding a reliable accounting system for online sales?
- How is the retail sector affected by specialist accounting?
- How have new taxation policies affected managerial accounting?
- What are the best training programs for accounting on the corporate level?
- What are the biggest problems of value and cost managers face?
- Should small to mid-size companies have separate controlling accounts?
- What are the biggest problems with normative theories in accounting?
- How safe is mobile accounting technology for personal use?
- What were the causes of the 2008 global financial crises?
- What does one have to do to become a certified accountant?
- When should an individual hire a personal financial expert?
- How do international markets affect managerial accounting?
- What are the differences between European and Islamic banking practices?
- Without accounting standards, how would financial statements look in the modern-day?
- Entrepreneurial internet business and the best financial practices.
Latest Accounting Research Topics
- Should Every Megacorporation’s Financial and Accounting History Be Visible to the Government?
- What Do the Global Financial Crises of 2008, 2012, and 2021 Have in Common?
- Is it Possible for a Business to Outgrow Standard Accounting Methods? What Should a Company Do About This?
- Examine how the accounting profession has grown in any developed nation of your choosing.
- Sustainability-related problems and the answers that SMEs can offer.
- What are the advantages of a cost accounting viewpoint for business owners to increase productivity?
- Should Accounting Be Made More Accessible and Simpler at the Governmental Level?
- Studying consulting trends and audit assurance services with regard to emerging economies and audit businesses
- How New Accounting Regulations Can Stop Tax Avoidance by the World’s Biggest Companies and Why?
- What are the constraints and difficulties faced in the gas and oil industry while implementing cost accounting?
- How Can the Accounting Sector Adjust to the Movement Towards Digital Personal Accountancy Services That Threaten to Monopolize the Whole Industry?
- A thorough analysis of the main reasons why small businesses fail and how bad accounting procedures relate to them.
- How Accountants Should Handle Accounting, Gambling, Cryptocurrencies, and Other Forms of Loosely Regulated Income.
- How Small Businesses Bury Themselves in Debt, Leases, and Rent Before They Even Start Working?
- What benefits may adopt income concepts that are similar to those in tax and financial accounting provide?
- How do large and medium-sized businesses make decisions in relation to the accounting management system?
- What the connections are between theories of moral and cognitive development in the context of financial professionals?
- Should Accountants Evaluate a Client’s Net Worth by Taking into Account Bitcoin and Other Cryptocurrencies?
- Are the notions of accounting theory what determine the accounting objective?
- Discuss the effectiveness and openness of the quality assurance and policy departments of the oil companies.
Simple Accounting Research Topics
- Why is live information so important for accountants?
- How can the accounting systems be updated effectively?
- What are some of the best accounting software companies in the market today?
- The influence of offshore gambling on accounting.
- Effective profit planning strategies
- What is the need to incorporate the latest accounting software in companies?
- The benefits of computerized accounting and financial reporting in banks
- The relationship between public sector accounting and financial control systems
- Profit maximization and cost minimization using working capital management.
- Use the profit model to explain the effects of total quality management on productivity
- Public expenditure and the effect of accounting
- How internal control leads to accountability in public sector organizations
- Best inventory management practices in management companies
- The effect of misinterpreting information in financial statements
- Provide a detailed evaluation of the Goldman Sachs fraud case
- Critical analysis of normative accounting theory and positive accounting theory
- Compare and contrast managerial accounting and cost accounting
- Briefly analyze the US GAAP (Generally accepted accounting principles)
- Importance of accounting software and accounting information systems
- Discuss the IRS Publication 538 (01/2022) on Accounting Periods and Methods
- Difference between GAAP and Tax Accounting
- Describe the principles of accounting
- What are the most common strategies large companies employ to curb their tax overhead?
- Discuss the risks of outsourcing accounting departments to loosely regulated countries
- Pros and cons of accounting automation
Awesome Accounting Research Topics
- How can companies ensure transparency of their accounts?
- What are the most popular perspectives of earnings management?
- The imminent risks of collusion between auditors and accountants
- How do CEO qualities affect the stock performance of a company?
- How to make sure that you take sound accounting decisions?
- The negative impact of the increase in accounting graduates across the globe
- Capital budgeting and the restraints that developing economies have
- How do trends in financial statement analysis affect reporting?
- What is the role of ROI on capital budgeting?
- Does forensic accounting make auditing easier?
- How can forensic accountants mitigate risks in small businesses?
- In the modern age of accounting, how important is the rapid flow of data?
- How does IRR affect capital budgeting?
- Provide a detailed plan on how businesses can avoid debt.
- Name some historical prospects that were responsible for the accounting practices of today.
Final Words
From the list of accounting research topics and ideas suggested in this blog post, you can use any topic of your choice and come up with an excellent, top-scoring Accounting research paper. If you still find it difficult to choose an impressive Accounting research paper topic, then you can use our Canada assignment writing service without hesitation.
To help you in identifying a good research topic and crafting a plagiarism-free, authentic accounting research paper, we have a team of professional academic writers who are experts in the field of accounting and finance. Once you place your order by writing your assignment requirements to us, then immediately our accounting assignment helpers will assist you in delivering research papers on the best accounting topics as per your requirements on time.
We are well-known for offering reliable research paper writing services to our customers by connecting them with well-experienced academic writers. So, without any hesitation, just avail of our assignment writing service and enjoy the necessary academic benefits at a fair price.
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The result is cloud accounting - a new business model that supports the accounting profession. Based upon the most recent studies and practitioners' technical reports, this paper is focusing on the impact of cloud accounting on each actor in the entire business area. Previous article Next article Keywords cloud accounting cloud computing
Cloud accounting has been defined by them as the utilization of cloud computing in internet to build a virtual accounting information system, i,.e.; cloud computing plus accounting equals cloud accounting.[2] 2.1: All cloud services are provided "as a service" and are offered in three forms- SaaS, PaaS and IaaS(Fig.-2)[3].
Cloud Accounting Adoption in Small and Medium Enterprises: An Integrated Conceptual Framework: Five factors of determinant were identified by integrated Technology-Organization-Environment...
Leveraging The Cloud, Automation, AI And More. Consider this: Centralizing data management, particularly through the use of cloud technology, reduces waste and lowers costs considerably by ...
This paper aims at providing an analysis of the difficulties of company's traditional accounting system, reviewing factors affecting migration and finally as a conclusion suggesting the best...
Cloud accounting refers to performing basic accounting tasks, like managing and balancing the books, using software that resides in the cloud and is often delivered in an as-a-service model. Staff or third-party accountants can manage accounts payable, accounts receivable, the general ledger and much more within the application.
Abstract: Willingness towards adoption and non adoption of cloud computing can be highlighted as a controversial aspect even in the current scenario. Hence this study has been developed by the researcher to find out the cloud accounting awareness and adoption among accounting practitioners in Sri Lanka. The primary data has been collected from ...
One of the most innovative models based on the Internet in the field of accounting is Cloud Computing. Cloud computing is a completely internet dependent technology where client data is stored and maintained in the data center of a cloud provider like Google, Amazon, Salesforce.som and Microsoft etc.
The Journal of Accounting Research is a general-interest accounting journal. It publishes original research in all areas of accounting that utilizes tools from basic disciplines such as economics, statistics, psychology, and sociology. This research typically uses analytical, empirical archival, experimental, and field study methods and addresses economic questions in accounting, auditing ...
Journal of Cloud Computing 2023 12 :25 Research Published on: 27 February 2023 Full Text PDF Improved wild horse optimization with levy flight algorithm for effective task scheduling in cloud computing Cloud Computing, the efficiency of task scheduling is proportional to the effectiveness of users.
Accounting for Organizational Employment Impact. Impact-weighted accounting methodology standardizes previously disparate measures of impact, in this case the impact of employment. This paper's methodology and analysis of Intel, Apple, Costco, and Merck shows the feasibility of measuring firm employment impact for insight into firm practices ...
Research Papers on Accounting. Accounting is a comprehensive field which relates to the systematic recording of financial transactions. Accounting research papers focus on the summarizing and analysis of different transactions. With its collection of carefully selected and compiled research papers on accounting, Researchomatic will help users ...
In this paper, we examine recent research on cloud value chains and explore future research opportunities from an OM perspective. In particular, we focus on major operations management challenges facing a cloud provider in three problem domains: (1) cloud computing resource management, (2) pricing in the cloud computing marketplaces, and (3 ...
By multiplying finance intelligence and sharing it through a single, unified cloud ERP, finance and accounting teams can become the partners that their company needs now. Together, they can shape differentiating value that drives business continuity, wins over customers, and fuels ongoing growth.
Research Paper On Cloud Accounting - Writing experience:3 years ID 13337 ABOUT US Andersen, Jung & Co. is a San Francisco based, full-service real estate firm providing customized concierge-level services to its clients. We work to help our residential clients find their new home and our commercial
This publication discusses how an entity might account for a cloud computing arrangement considering the requirements in IFRS. IFRS Standards do not contain explicit guidance about a customer's accounting for cloud computing arrangements, so judgement will be required to account for them. This publication has been updated for the March 2021 ...
Free Research Paper About Accounting. Type of paper: Research Paper. Topic: Accounting, Finance, Organization, Business, Investment, Banking, Public, Information. Pages: 3. Words: 900. Published: 01/28/2021. ORDER PAPER LIKE THIS. Accounting is one of the most important and unique disciplines, which has a profound effect on all economic ...
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List of Accounting Research Paper Topics and Ideas. As said earlier, accounting is a broad subject with a variety of research topics. When you are asked to write an accounting research paper, you can choose any topic from categories that are related to managerial accounting, online accounting, tax accounting, bookkeeping, fund accounting, auditing, accounting theory, etc.