(3) Provide an operational definition of the concept of “cloud accounting” and develop (10) questions that...

(3) Provide an operational definition of the concept of “cloud accounting” and develop (10) questions that would measure cloud accounting by using Lickert scale.

(4) Identify the relevant p

Expert Solution

Question 3
"Cloud accounting" is an accounting system for users that can be accessed through the usage of the internet. The key being your data and files that you want to view, won't be stored on a physical hard drive like normal accounting,say on a desktop; but cloud accounting ensures that all these data is stored online and can be accessible whenever a user wants to. This data is stored on a remote server , and the software model is known as Software-as-a-service(SaaS). Tha data is sent to a "cloud" for getting processed and then eventually returned to a user.
Likert Scale questionnaire :

Question	Strongly Disagree	Somewhat Disagree	Neutral	Somewhat Agree	Highly agree
1. Would you want to shift to cloud based accounting ?
2. Is cloud relatively easier and technically more adept than generic accounting ?
3. Given a choice, would you want to continue choosing SaaS for accounting purposes ?[Retention]
4. Do you have relatively easier access of the internet for this type of service ?
5. Do you think cloud based services open up certain risks, including data privacy ?
6. Is internet speed a factor while you are having a cloud based accounting service ?
7. Are you worried you might lose your data while it is stored in remote servers ?
8. Is cloud accounting proving to be costlier than the normal service ?
9. Does cloud accounting save you a substantial amount of time ?
10. Do you think cloud accounting has improved the accounting process from previous times ?

Rahul Sunny answered 9 months ago

Question 3: Depreciation is considered as accounting policy and operational expense for the accounting period. The...

Question 3: Depreciation is considered as accounting policy and operational expense for the accounting period. The value to be included in the financial statement is calculated based on the decision of the Board. (a) You are required to: (i) Explain the difference between capital expenditure and revenue expenditure, and how each type of expenditure will affect the financial statements of a business. (ii) Explain why it is important to distinguish between capital expenditure and revenue expenditure, and briefly explain the...

. Critically access the concept of Green Computing / Green Banking. a) Provide a definition of...

. Critically access the concept of Green Computing / Green Banking. a) Provide a definition of what green computing / green banking means to you. [use 50 – 100 words] b) Briefly describe one (1) area of green computing that a bank could implement as part of their solution to a computer programme problem/s encountered. [Use between 150 – 250 words]

COVID-related externalities. Provide a brief definition of the concept of externality. Provide a few examples from...

COVID-related externalities. Provide a brief definition of the concept of externality. Provide a few examples from the ongoing pandemic where externalities are present. Suggest specific public policy measures to address such externalities.

1. Provide a general definition for the concept of sensory adaptation. If you were a marketing...

1. Provide a general definition for the concept of sensory adaptation. If you were a marketing manager for an air freshener company, why should you be concerned about sensory adaptation? At least two different household products are available in the marketplace that makes use of the phenomenon of sensory adaptation: Febreze’s NOTICEables. and Glade’s Lasting Impressions Air Freshener. Both products are air fresheners that use warmed oil to scent the air with fragrances. Explain, from a psychological standpoint, how this...

Provide a short definition of each component of the accounting equation on a balance sheet.

discuss 10 point regarding “the concept of responsibility accounting”?

(1) Description and definition of the concept (2) the main benefits and limitations (3) the role...

(1) Description and definition of the concept (2) the main benefits and limitations (3) the role in strategic management and decision making. About : Balanced Scorecard

THEORIES ASSIGNMENT (3-4 pages) Guidelines: Explain the theory (Conflict Theory) by giving an operational definition/ background...

THEORIES ASSIGNMENT (3-4 pages) Guidelines: Explain the theory (Conflict Theory) by giving an operational definition/ background knowledge of the topic. You must also identify the strengths as well as the limitations of this theory and how this theory helps educators to become more sensitized to people who are within the educational arena. Please include reference

QUESTION TWO Use ONE MAIN accounting concept from the framework of accounting to provide acceptable solutions...

QUESTION TWO Use ONE MAIN accounting concept from the framework of accounting to provide acceptable solutions to the following accounting problems The accountant is not sure as to whether to include cash received from a transaction in the income statement or the cash book The managers wish to assess the effectiveness of its standard costing system The directors are doubting the professional acumen of the staff in the valuation department of the firm It is not clear whether to include...

1)Develop your definition of counseling 2)Describe in less than 100 words what ideas,concept and issues you...

1)Develop your definition of counseling 2)Describe in less than 100 words what ideas,concept and issues you have learned

Question