BASICS
Xero, Quickbooks online, and Freshbooks
What are some examples of cloud based accounting software?
When transaction costs for IT are high , organizations should invest in internalizing the functions.
What is transaction cost theory?
Lithuania
Where did the businesses examined in the first paper come from?
The delivery of on-demand computing resources, such as applications and data, through the Internet.
What is cloud computing?
Improved budgeting accuracy and fewer cost overruns
What are some competitive advantages identified in the second paper regarding cloud computing?
Consumers can access all their accounting data from any mobile device while firms can rent software and pay on demand.
How does cloud computing impact consumers and firms?
Public cloud, community cloud, private cloud, hybrid cloud
What are the four deployment methods of cloud computing?
Forced selection, fashion perspective, and fad persective
What are the three views of institutional theory discussed in the paper?
Stand alone, web based, open source, license, SaaS service
What are some types of accounting systems for cloud computing?
Software, Platform, and Infrastructure
What are the service models for cloud computing?
Adoption, Institutional Factors, Competitive Advantage, IT Governance, Contracting, Forensics
What were the six themes identified by Yigitbasioglu in the second paper?
Traditional platforms are designed to support enterprise scale apps while cloud platforms can support on an internet scale
What is the main difference between traditional accounting systems and cloud accounting?
On June 21, the U.S. Supreme Court decided South Dakota v. Wayfair, allowing states to tax online sales even if the retailer does not have a physical presence in the state.
What is a current event that could change they way cloud services operate?