Impact of Cloud Computing on Quality of Financial Reports with Jordanian Commercial Banks

Abstract

Current study aimed at examining the impact of cloud computing (On-de-mand self-service, broad network access, Resource pooling, rapid elasticity and Measured) on quality of financial reports characteristic (Understandabil-ity, Comparability, Relevance and Reliability). Using a quantitative methodology and the questionnaire as a tool, (96) persons from ten commercial banks answered to the questionnaire. Results of study indicated that cloud computing along with its characteristics play a role in defining and presenting high quality financial reports scoring a variance of 49.7% of the relationship. Among chosen characteristics, it appeared that measured service was the most influential characteristics of all scoring a variance of (43.5%) and influencing quality of financial reports. It was also revealed through study that all cloud computing characteristics had an influence on quality of financial reports elements mainly comparability of financial reports followed by reliability which increases benefits of cloud computing in accounting. Study recom-mended the necessity for organizations to make more efforts to prepare and provide training courses and media sessions for its members on topics of cloud computing.