SEEKING CLOUD ACCOUNTING'S EVOLUTIONARY EFFECTS ON FINANCIAL ECOSYSTEMS

Abstract

This article aimed at evaluating the effect of cloud accounting on financial ecosystems.it discusses the relation between the usage of cloud accounting and work efficiency as well as cost savings. Moreover, the study aimed at determining the effect of cloud accounting on data-driven decision making capabilities in financial ecosystems. A correlational descriptive approach was applied, and the study sample was a purposeful sample and constituted of 150 participants (chief financial officers and accountants) from SMEs in Kurdistan Region in Iraq. A questionnaire was used as a research tool after checking for its validity and reliability. Results showed that cloud accounting had a positive effect on work efficiency and cost savings. Moreover, positive significant correlations were found between cloud accounting and data-driven decision making in SMEs. Based on these findings, implications are set for better adoption of cloud accounting and future studies on its effect on decision making in SMEs in Kurdistan Region.