$20 Bonus + 25% OFF +
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Intellectual Capital And Business Performance

tag 0 Download6 Pages 1,261 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT


Discuss about the Intellectual Capital and Business Performance.



With the increasing ramification of changing business environment there are several technologies which are gaining momentum throughout the time. Accounting is the simple term which is used for reflecting the process of keeping financial accounts. In this report a complete study has been prepared over the use of cloud based accounting system and how it should be adopted by organizations for making their accounting information system more effective. In addition to this, comparative analysis between accounting information system and cloud based information system has been taken into consideration to reflect the vulnerability of both accounting system in keeping records and collection of financial accounts of company.

Accounting information system

With the increasing changes in technology and ramified inbound and outbound activities of organization firms are more inclined toward using cloud based accounting system. Nonetheless, small business enterprises do not need to purchase expensive business accounting software programs or spend hours lost in complicated reports. It is concerned with accounting software that is hosted on remote servers. This provides accounting capabilities to business in accounting tools such as SAAS (Software as a service). If small business enterprises will use cloud based accounting software then all the data would be sent into “The cloud” where it will be processed and returned to users in determined approach

Cloud computing accounting system

Cloud computing accounting software is developed technology which is used to collect accounting data, making financial information and other required data accessible to users and manager  wherever they want provided that internet is available there. With the traditional accounting system, organization has to struggle with posting data into ledgers, preparing financial statement by adjusting all the financial data in set format (Chen, et al. 2014).

In order to understand merits and demerits of cloud based accounting system following differences has been described as below (Toor, et al. 2014).

Differences between AIS and CCAS

Accounting information system

Cloud computing accounting system

It is a structure of that a business uses to collect, store, manage, retrieved and report its financial data so that it could be deployed by financial managers, accountants, consultants and auditors of the firm.

Cloud computing accounting services are accompanied with process which is used to make automation in storing and collecting accounting data.

It consumes more time and renders possibilities of several mistakes in the preparation of financial statement.

In this accounting system everything is done by machines and all works are done by system networks which results into less time consuming process.

It is accompanied with long route process.

This software is developed technology which is used to collect accounting data, making financial information and other required data accessible to all users with the help of internet connectivity.

It is beneficial for the organizations with less complicated business functioning.

On the other hand If SME uses cloud based accounting software then it will result into automation in gathering and collecting financial data. In addition to this, it will also reduce the time consumption of accountant in preparing journal entries and ledger of financial data.

Traditional accounting system is also accompanied with high maintenance cost such as hiring accountant, data entry feeders, expenses in data collection process and several expenses in research and evaluating present accounting standards. The most effective advantage of adopting cloud based accounting software is related with its backup plan of data. It is considered that if organization has uploaded its data on clouds then it could download the data from anywhere and automation in server creates backup for all data. While, traditional accounting system may poses high amount of threat of losing data if something goes wrong in organization such as natural disaster and other acts of god.  It is found that use of cloud computing software result into several benefits such as high security of data, easy availability of information and systematic working process (Helo, et al. 2014).


Potential risk or limitation in adopting cloud based accounting system

It is observed that using computerized accounting system keeps all of the information organization and systematic manner and makes finding and accessing data in easy and determined manner. Nonetheless, there are several hackers and ill-intentioned persons who take advantage of information to make personal profit. There are several limitations and challenges which have been seen cloud based accounting system such as denial of services, hackers peep into the cloud to gain confidential information of companies. In addition to this, the most valuable risk is related with cost- benefits of installing cloud based accounting system. It is evaluated that if organization is not earning enough money which could be used to compensate the cost associated with installing cloud based accounting system then it would result into big loss to organization. Cloud based accounting system is technical system. Therefore, there is a chance of technical error in file which may result into drastic loss to organization in preparing financial statements (Cleary and Quinn, 2016).


Cloud based accounting system keeps all the information in optimized and in once place. Therefore, finding and assessing of financial information on accounting software program is much easier than other traditional accounting systems. It is evaluated that if Small and medium size enterprises is accompanied with large amount of inbound and outbound activities then it would be advisable for them to adopt cloud based enterprises resources planning. In addition to this, if a firm is incurring loss from its business functioning and want to adopt enterprises resources planning in its accounting system then it would not be called a rational decision. Therefore, it is inferred that small business enterprises has to consider its several factors such as nature of business, complexity of business activities, laws, rules and regulation of government. Now in the end gracious advice would be for small business enterprises that are inclined toward making information in snap, with less confusion and aggravation then should adopt cloud based accounting software system (Pierce, et al. 2015).


Cloud based accounting system is accompanied with several benefits which provides intense motivation to organization to implement automation in accounting system of organization. Now in the end it would be inferred that installation of cloud based accounting system would result into several complexity and high cost. Therefore each and every organization need to make capital budgeting analysis and cost and benefits analysis before installing cloud based accounting system in determined approach. It would be reflected that cloud based accounting system is very imperative for organization for the sustainable developing of their business functioning.



Cleary, P. and Quinn, M., 2016. Intellectual capital and business performance: An exploratory study of the impact of cloud-based accounting and finance infrastructure. Journal of Intellectual Capital, 17(2), pp.255-278.

Helo, P., Suorsa, M., Hao, Y. and Anussornnitisarn, P., 2014. Toward a cloud-based manufacturing execution system for distributed manufacturing. Computers in Industry, 65(4), pp.646-656.

Toor, S., Osmani, L., Eerola, P., Kraemer, O., Lindén, T., Tarkoma, S. and White, J., 2014. A scalable infrastructure for CMS data analysis based on OpenStack Cloud and Gluster file system. In Journal of Physics: Conference Series (Vol. 513, No. 6, p. 062047). IOP Publishing.

Pierce, D., Mworks Worldwide, Inc., 2015. Integrated enterprise software and social network system user interfaces utilizing cloud computing infrastructures and single secure portal access. U.S. Patent 9,003,297

Chen, Z., Hu, W., Ha, K., Harkes, J., Gilbert, B., Hong, J., Smailagic, A., Siewiorek, D. and Satyanarayanan, M., 2014, February. QuiltView: a crowd-sourced video response system. In Proceedings of the 15th Workshop on Mobile Computing Systems and Applications (p. 13). ACM.


MyAssignmenthelp.com boasts a pool of 3000+ experts from different backgrounds, who are solely dedicated to providing premier quality assignment help. Due to the diversity in our expert team, we are capable of providing academic assistance in more than 100 subjects. Some of our popular services include math assignment help, economic assignment help, accounting assignment help, statistics assignment help, law assignment help and more at a reasonable price.

Most Downloaded Sample

HC1041-Importnace Of POS System In The Organisation

Download : 0 | Pages : 10

Answer: Introduction: This report will enlighten on the new technology known as point-of-sale system. Information technology strategies are adopted by every organisation whether large or small (Seethamraju 2015). The advantages are visible once the technology is adopted. However, small enterprises do not have enough resource and infrastructure to support information technology strategies (Brimblecombe Liddle and O'Dea 2013). Technology benefi...

Read More arrow

HI6006 Competitive Strategy6

Download : 0 | Pages : 7

Answer: Introduction This tool is one of the famous tools which are used to start proper strategic planning. Through this framework, it has been seen that power assistance can be given to the decision making process as it enables an entity to uncover opportunities for the entire success. Through this threats can also be taken into consideration before it gets burdensome. Through this analysis it can be simple to evaluate the niche market so t...

Read More arrow

NUR1201-Patient Experience Of Preventing Falls

Download : 0 | Pages : 7
  • Course Code: NUR1201
  • University: University Of Southern Queensland
  • Country: Australia

Answer: Introduction Evaluating risks of aged patient experience is critical in nursing related care (Bradley, 2012). The scope of current reflective argument applies Gibbs reflective cycle for evaluating a 75 year old male patient experience. William Taylor had faced immense challenge in public hospital and waited for a long period to get relief. The analysis evaluates the National Safety and Quality Health Service Standards to pre...

Read More arrow

MBA402 Governance Ethics And Sustainability10

Download : 0 | Pages : 10

Answer: Introduction This code of conduct is designed with the aim to ensure adherence to highest professional and ethical standards in the course of the conduct of the business of the Commonwealth Bank. In addition to this, the intention is to ensure the statutory and the legal compliance of the Corporations Act, 2001, Australian Stock Exchange, the Australian Accounting Standards, the International Financial Reporting Standards (IFRS) and a...

Read More arrow

MNG81001 Management Communication

Download : 0 | Pages : 4

Answer: Introduction Globalization and the information technology development have made a significant impact on the organisational communications (Barney, 2011). Human interactions between the dispersed individuals of the teams across the globe have been made easier with the aid of the virtual teams. The same practice is going to be implemented in the organisation, with the introduction of the new virtual marketing department at the Sydney he...

Read More arrow

Save Time & improve Grade

Just share your requirement and get a customized solution.

We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits




Overall Rating



Our Amazing Features


On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.


Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.


24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.


Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.


Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

416 Order Completed

95% Response Time

Tyler Moore

MBA in Accounting

Washington, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2115 Order Completed

97% Response Time

Kimberley Chen

MPA in Accounting

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

752 Order Completed

100% Response Time

Hugh Cleave

Masters in Human Resource Management (MMgt, HRM)

Wellington, New Zealand

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

798 Order Completed

97% Response Time

Benjamin Blakeman

MSc in Medical Technology

London, United Kingdom

Hire Me

FREE Tools


Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.


Essay Typer

Get different kinds of essays typed in minutes with clicks.


GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.


Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.


Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability




Your Approx Earning

Live Review

Our Mission Client Satisfaction

I really like your assistance and the way you did my assignment.. Thanks a lot I’ll recommend you to my friends..


User Id: 343009 - 19 Nov 2019


student rating student rating student rating student rating student rating

You did amazing work thank you so much for your help. It is greatly appreciated, I would highly recommend this expert


User Id: 332633 - 19 Nov 2019


student rating student rating student rating student rating student rating

They made an excellent work, followed the directions carefully, I will definitely recommend this page to everyone. Thank you!


User Id: 259910 - 19 Nov 2019


student rating student rating student rating student rating student rating

Excellent work, they follow the directions carefully, I will definitely make another assignment with them! thank you.


User Id: 259910 - 19 Nov 2019


student rating student rating student rating student rating student rating
Have any Query?