GASPRO International Journal of Eminent Scholars

                                                                                     ABSTRACT

Cloud computing has revolutionized the landscape of Accounting Information Systems by providing scalable and flexible solutions for managing financial data and processes. The study assessed the critical analysis of cloud computing and accounting information system: the prospect and challenges. The study revealed that cloud-based accounting information system allows businesses to store, process, and access their financial information securely over the internet, eliminating the need for extensive on-premises hardware and infrastructure. This shift to the cloud offers several advantages, including cost savings, improved accessibility, real-time collaboration, and enhanced data security. The study reviewed the concept of cloud computing, cloud computing in Accounting Information System, prospects of Cloud Computing in Accounting Information System, challenges of Cloud Computing in Accounting Information System, Components of Cloud Computing, and benefits of using Cloud Computing in Accounting. The study concluded that cloud computing has revolutionized the way accounting information is stored and managed, offering numerous benefits to businesses of all sizes. When it comes to accounting information, cloud storage provides a scalable and flexible solution that allows businesses to securely store and access financial data from anywhere, at any time. This eliminates the need for on-premises hardware and manual backups, reducing operational costs and enhancing data reliability. Cloud computing has revolutionized the way businesses manage and store their accounting information. One of the recommendations made was that the organization should stay updated with relevant regulatory requirements and compliance standards, such as GDPR or HIPAA, and ensure that your cloud solution aligns with these regulations.

KEYWORD: Cloud Computing, Accounting Information System, Prospects and Challenges