An Empirical Study on Measuring Awareness of Cloud Accounting

The accounting plays an important role in the success or failure of any business and it has been evolved with the need of time, technology and business. Nowadays human beings are surrounded by machines because machines and technologies make their work easier. In accounting field the latest technological trend is of cloud accounting. In very simple words cloud accounting means application of cloud computing in accounting function of business, which means internet based online accounting. Cloud accounting provides cost saving, time saving, real time financial reporting, collaboration in accounting, security of data, extended role of accountant, automatic updates, backup, restoration, and maintain the focus and efforts of business on main operating activities of business. Even after having so many reasons to shift from traditional accounting to the cloud accounting system, the cloud accounting is not necessarily used by all because of the lack of awareness among the potential users and professionals of the field. Therefore the study focused on awareness of cloud accounting among accounting professionals and practitioners. To meet the objective the data collected through primary sources using survey design. The study concludes that 48 % of respondents are aware of relevant emerging concept.