Advances in information technology are a key force in changing management accounting. Managers and boards are continuously seeing technological advances offering potential business advantages but are also raising potential issues and risks. This report, published in 2014, focuses on cloud computing and is available for download.
Cloud computing offers several potential business advantages, including cost savings, scalability, and enhanced data accessibility. However, it also raises issues and risks related to data security, compliance, and system integration. Managers and boards must carefully weigh these factors when considering cloud adoption.
The effect of cloud computing on management accounting is presently not widely researched. Thus, this study was set out in an exploratory fashion to gain some initial insights on how cloud computing affects management accounting and decision-making.
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