Assessment of Cloud Based Accounting Technology Adoption and Business Performance

Abstract

This study made an assessment of Cloud Based accounting technology adoption and business performance in Jordan. The study adopted a descriptive research design. The study was conducted in Amman, Jordan. The purposively sampling technique was use to select 120 business administrators which constituted the sample size for the study. The main instrument of the study was a questionnaire. Face and content validation of the instrument was carried out to ensure that the instrument has the accuracy, appropriateness, completeness and the language of the study under consideration. Cronbach Alpha technique was used to determine the level of reliability of the instrument. The reliability coefficient obtained was 0.84 and this was high enough to justify the use of the instrument. The researcher subjected the data generated for regression. The test for significance was done at 0.05 alpha levels. The study concluded that the study concludes that the adoption and used cloud base accounting technology in business would enhance task completion quickly and with fewer resources. This would provide access to accurate and up-to-date information in real time, improving the reliability of cloud-based financial reporting. The study recommended that to improve their knowledge in all their activities for effective and efficient performance delivery in financial information, businesses are urged to adopt strategies for adapting cloud technologies in accounting and to ensure the training and retraining of professional accountants on the uses of cloud technologies in accounting.