Abstract

Cloud technology is one important development in information technology that has a big impact on financial reporting for both businesses and individuals. It is considered to be a necessary tool for organization and will improve the quality of financial information and the business strategy. Accounting has improved significantly with the usage of cloud technology. Cloud accounting is one of the sophisticated technologies which can play an important role in small and medium sized enterprises. It will help small and medium business to provide quality financial report and settle on better and fast choice in decision making. The purpose of this paper is to contribute to a growing body of research on cloud technology in accounting, by studying the small to medium-sized enterprises (SMEs) adoption process, how it will affect them and what preparation the need before adopt the technology.