Yellow Modern Brand Listing Presentation PDF

IT APPLICATIONS IN
ACCOUNTING
20
20
APPLICATIONS OF
CLOUD COMPUTING
IN ACCOUNING
IT APPLICATIONS IN
TEAM 6 ACCOUNTING
MONDAY 19/10/2020
00
ROBERT S. SHAW IV DILLA SHUNSHIBAYEVA
B.A. IN INTERNATIONAL BACHELOR OF ACCOUNTING
BUSINESS AT SCHILLER AND AUDIT (KIMEP
INTERNATIONAL UNIVERSITY)
UNIVERSITY (SIU)NEW ALMATY, KAZAKHSTAN
YORK, USA
TIJANA STEVANOVIC MARTIN TANCKE AGIL NOVRUZLU

BA, BUSINESS ADMINISTRATION B.A. IN BUSINESS BSC. BUSINESS
AND POLITICAL SCIENCE AND ADMINISTRATION AT HWR ADMINISTRATION
INTERNATIONAL RELATIONS, BERLIN (UNEC)
AMERICAN UNIVERSITY IN BERLIN, GERMANY BAKU, AZERBAIJAN
BULGARIA
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
01
CLOUD
ACCOUNTING
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
02
Where is the cloud? Are we in the cloud right now?
Or are there accountants in the clouds?
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
03
WHAT IS CLOUD IPCMAG ENCYCLOPEDIA:
COMPUTING? "HARDWARE AND SOFTWARE SERVICES

FROM A PROVIDER ON THE INTERNET"
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
04
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
WHY CLOUD
ACCOUNTING?
TECHNOLOGICAL
ADVANCEMENTS
05 OPPORTUNITIES
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
TRADITIONAL
ACCOUNTING SOFTWARE 06
LIMITED ACCESS TO CONSTANT ONGOING COST OF

YOUR DATA SOFTWARE UPDATES BACKING UP
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
07
MODERN
ACCOUNTING
MODEL
CLOUD ACCOUNTING HAS THE SAME FEATURES

AND ABILITIES AS THE ACCOUNTING SOFTWARES
WHICH ARE INSTALLED ON THE COMPUTERS,
EXCEPT THAT IT RUNS ON THE CLOUD SERVICE
PROVIDERS. THEREFORE, CLOUD COMPUTING
PROVIDES ACCOUNTING SERVICES WHICH ARE
CLOUD-BASED SOLUTIONS.
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
08
WHAT IS CLOUD
ACCOUNTING
- No need to install any software
- Data securely stored and processed on the

provider’s servers
-Access to data from anywhere, regardless

of the device and location
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
TYPES OF CLOUD
ACCOUNTING APPLICATIONS 09
SOFTWARE AS A SERVICE PLATFORM AS A SERVICE INFRASTRUCTURE AS A

(SAAS) (PAAS) SERVICE (IAAS)
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
TYPES OF CLOUD
SaaS
THE MAIN ADVANTAGE OF THIS MODEL IS THAT USERS
DON’T NEED TO PURCHASE AN ENTIRE SUITE OF
APPLICATION FROM THE MARKET. INSTEAD, THEY WILL
PAY BASED ON VARIOUS PAY-AS-YOU-GO MODELS.
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
TYPES OF CLOUD
PaaS
PROVIDERS OF THIS SERVICE MODEL ALLOW DEVELOPERS
TO HAVE ACCESS TO DIFFERENT PROGRAMMING
LANGUAGES AND TOOLS WITHOUT GETTING INVOLVED
WITH THE HARDWARE ENVIRONMENT.
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
TYPES OF CLOUD
IaaS
SUBSCRIBERS CAN RUN ANY APPLICATION THEY
NEED WITHOUT HAVING TO DEAL WITH THE
EQUIPMENT MAINTENANCE TASKS
IT APPLICATIONS IN
CLOUD-BASED ACCOUNTING ACCOUNTING
APPLICATIONS BASED ON BUSINESS SIZE MONDAY 19/10/2020
13
Intuit QuickBooks Online
FreshBooks
Pabbly
Wave
Sage 50cloud
Xero
Zoho Books
GoDaddy Bookkeeping
Sage Intacct
NetSuite
QuickBooks Online
Desktop Pro
SAP Business One
QB Enterprise
Acumatica
FreshBooks
Xero
FINSYNC
QuickBooks Online
NetSuite ERP and SRP
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
14
ADVANTAGES AND
DISADVANTAGES
IT APPLICATIONS IN
ADVANTAGES ACCOUNTING
MONDAY 19/10/2020
15
ON-DEMAND,
ELASTICITY COST SAVING
SELF-SERVICE
NO PLACE NO STARTUP
SECURITY
LIMITATIONS COSTS
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
ADVANTAGES
16
ALLOWS ORGANIZATIONS
TO SCALE QUICKLY WITH
VARIABLE NEEDS OF
DEMANDS
ELASTICITY
ALLOWS BUSINESSES TO
BE AWARE AND
MONITOR RESOURCE
USAGE
COST SAVING
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
17 ADVANTAGES
CLIENTS TO HAVE FULL

TIME ACCESS TO THEIR
HIRED RESOURCES
WITHOUT ANY ON-DEMAND,
INTERFERENCE OF THE SELF-SERVICE
SUPPLIER
ENABLES USERS TO
HAVE ACCESS TO THEIR
IT RESOURCES USING
VARIOUS DEVICES
NO PLACE
LIMITATIONS
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
ADVANTAGES
18
BACKUPS AVAILABLE IN
CASE OF ANY PROBABLE
SECURITY CONNECTION
INTERRUPTIONS/CRASHES
CLOUD ACCOUNTING
SERVICES ARE RENTED,
NOT PURCHASED
NO STARTUP COSTS
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
DISADVANTAGES
19
DOWNTIME VULNERABILITY DEPENDENCY ON
TO ATTACKS CONNECTIVITY
CONTROL VENDOR
DISAPPEARING
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
DISADVANTAGES
DOWNTIME
LOUD PROVIDERS MAY SOMETIMES
FACE TECHNICAL OUTAGES
20
RISK FOR STORING CONFIDENTIAL

VULNERABILE DATA
TO ATTACKS
ENTIRELY DEPENDENT ON THE

NETWORK INTERNET
CONNECTIVITY
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
21 DISADVANTAGES
CLOUD SERVICES ARE

COMPLETELY OWNED AND
MANAGED BY SERVICE
PROVIDERS
CONTROL
VENDORS CAN
DISAPPEAR FROM THE
MARKET DUE TO
BANKRUPTCY OR OTHER
REASONS
VENDOR
DISAPPEARING
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
22
EXAMPLES
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
23
EMMERMAN,
BOYLE &
ASSOCIATES LLC
PROBLEM: PROCESSING PAYROLL AND FINDING THAT

THEY COULDN’T COMPETE WITH LARGE PAYROLL
PROVIDERS FROM A SERVICE AND FUNCTION
PERSPECTIVE.
24
YES, IT’LL COST MORE
MONEY FOR SAAS, BUT
EFFICIENCY WOULD
FAR MAKE UP FOR
THAT.
DAVID EMMERMAN
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
25
ARTESANI
BOOKKEEPING
PROBLEM: SERVING REMOTE CLIENTS WITH DESKTOP

SOFTWARE, INCLUDING HAVING TO WORK AT SPECIFIC
TIMES OF DAY TO SYNC UP WITH THEM.
26
"WITH QUICKBOOKS
ONLINE,I AM ABLE TO
SERVE MORE CLIENTS
BECAUSE OF THE APPS
AND AUTOMATION"
LYNDA ARTISANI,ARTISANI
BOOKKEEPING
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
27
FUTURE?
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
28
ARE ACCOUNTANTS
GOING TO BECOME
REDUNDANT?
REPLACED BY APPS?
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
29
BUSINESS OWNERS WILL
ALWAYS NEED PROFESSIONAL
ACCOUNTING ADVICE,
ESPECIALLY WHEN IT COMES
TO TAXES. AND THERE IS NO
APP FOR THAT
IT APPLICATIONS IN
ACCOUNTING
MONDAY 19/10/2020
30
OTHER
PREDICTIONS
31
GOT ANY
QUESTIONS?
Refrences:
Risks of Accounting (Journal What is cloud computing?
Document):https://www.researchgate.net/publication/291321590_The_Risk https://www.zdnet.com/article/what-is-cloud-computing-everything-you-
s_of_Cloud_Computing_in_Accounting_Field_and_the_Solution_Offers_The_ need-to-know-about-the-cloud/
Case_of_Turkey
What Is Cloud Computing? PC Mag
Firm: Emmerman, Boyle & Associates LLC (Xero) https://uk.pcmag.com/networking-communications-software/16824/what-
https://Cloudd Computing allows accountingtoday.com/news/case-studies- is-cloud-computing
online-accounting-software-in-2019
What is cloud accounting?
Firm: Emmerman, Boyle & Associates LLC (Xero) https://www.financialforce.com/resources/what-is-cloud-accounting/
https://Cloudd Computing allows accountingtoday.com/news/case-studies-
online-accounting-software-in-2019 Cloud Accounting: A New Business Model in a Challenging Context
https://www.sciencedirect.com/science/article/pii/S2212567115014471
Types of cloud accounting
applicationshttps://www.researchgate.net/publication/269305117_Account
ing_System_on_Cloud_A_Case_Study Benefits of Cloud Computing in Accounting: 4 Key
Pointshttps://aisn.net/benefits-of-cloud-computing-in-accounting/
Cloud-Based Accounting Applications for large businesses:
https://www.merchantmaverick.com/best-accounting-software-larger- 11 Accounting Trends for 2020/2021: New Forecasts & What Lies
businesses/ Beyond?
https://financesonline.com/accounting-trends/
Cloud-Based Accounting Applications for medium-sized
businesses:https://www.g2.com/categories/accounting/mid-market The Future of Cloud Accounting and Financial Services
https://beanninjas.com/blog/the-future-of-cloud-accounting-and-financial-
Cloud-Based Accounting Applications for small businesses: services/
https://blog.hubspot.com/sales/small-business-accounting-software
Is Artificial Intelligence Set to Replace Accountants in the Future?
Advantages and Disadvantages of Cloud-Based Accounting: https://www.toolbox.com/tech/artificial-intelligence/articles/is-artificial-
https://www.simplilearn.com/advantages-and-disadvantages-of-cloud- intelligence-set-to-replace-accountants-in-the-future/
computing-article https://cloudacademy.com/blog/disadvantages-of-cloud-
computing/
THANK
YOU!

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IT APPLICATIONS IN

TIJANA STEVANOVIC MARTIN TANCKE AGIL NOVRUZLU

WHAT IS CLOUD IPCMAG ENCYCLOPEDIA:

COMPUTING? "HARDWARE AND SOFTWARE SERVICES

LIMITED ACCESS TO CONSTANT ONGOING COST OF

CLOUD ACCOUNTING HAS THE SAME FEATURES

- Data securely stored and processed on the

-Access to data from anywhere, regardless

SOFTWARE AS A SERVICE PLATFORM AS A SERVICE INFRASTRUCTURE AS A

CLIENTS TO HAVE FULL

RISK FOR STORING CONFIDENTIAL

ENTIRELY DEPENDENT ON THE

CLOUD SERVICES ARE

PROBLEM: PROCESSING PAYROLL AND FINDING THAT

PROBLEM: SERVING REMOTE CLIENTS WITH DESKTOP

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