The possibility of adopting cloud accounting applications to reduce errors and improve the accuracy of financial reports: (A survey study of a sample of practitioners and academics in Iraqi universities

Abstract

cloud accounting software is one of the most important technologies for managing smart information, which when combined with the requirements of international financial reporting, the economic unit has a distinct strategy to attract the investors. With the increasing expansion in the adoption of cloud solutions in the field of accounting and financial management, it has become necessary to examine the impact of these modern technologies on the financial and administrative performance of companies, including the challenges and benefits that may result from their use. This study is based on an analysis of a set of basic variables, such as cloud accounting software, accuracy of financial reports, accounting errors, operating costs, and security and data protection. To achieve the objective, the researchers distributed a questionnaire to a sample of accountants and academics in Iraqi universities. The researchers reached a set of conclusions, the most important of which is that cloud accounting software is considered an effective tool for improving the accuracy of financial reports and reducing accounting errors.