Enhancing accounting operations through cloud computing: A review and implementation guide

Abstract

The present study explores the transformative impact of technological advancements, specifically cloud computing, predictive analytics, artificial intelligence (AI), and the evolving regulatory landscape, on the accounting profession. Employing a rigorous methodology, including meticulous search strategies and robust inclusion/exclusion criteria, the study synthesizes a wide range of scholarly sources to provide valuable insights. The review begins by elucidating the methodological approach, ensuring the research is grounded in credible academic sources. It subsequently delves into the evolution of these technologies, examining their integration with accounting systems and highlighting key milestones. Notably, the advent of cloud computing is identified as a paradigm shift, fundamentally altering accounting practices. The study systematically evaluates the benefits and challenges posed by these technological integrations, emphasizing their influence on operational efficiency, security, and compliance. It also delves into the ethical considerations arising from the use of AI and predictive analytics, stimulating discussions on the evolving roles of accountants. This study offers practical implications for accounting professionals, underlining the importance of continuous learning, data security measures, and ethical awareness. It further provides valuable recommendations for future research in the field, including empirical investigations into real-world impacts, ethical dimensions of technology, compliance strategies, and innovative education approaches.