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Paper title
Cloud Accounting: A New Business Model for Accounting Resilience and Sustainability in Post COVID-19 Economy

Paper author
Nwayotalu Chioma Lillian; Asuzu Chibuzor Amarachukwu

Author Email
[email protected]

Abstract
This study examined cloud accounting as a new business model for accounting resilience and sustainability in a post pandemic economy. The study specifically assessed the Corona virus pandemic and how it has induced a global crisis that knows no borders and has affected billions of lives, as well as the economy and the society we live in. It clearly has shown how systematic risks can have exponential impacts and how prepared and resilient our systems can be and the ability to respond quickly and efficiently to the markets instability while strategizing for long term sustainability, a sample size of 40 was randomly selected from knowledgeable staff of Zenith bank. The data collected through primary and secondary source were presented and analyzed using simple percentages while the Chi-square statistical tool was used for testing the hypothesis. The study revealed and concluded that conversion to cloud accounting for accounting resilience in a post pandemic economy has significantly influenced the need for businesses to dive into cloud accounting. The study recommends that Government should invest into IT infrastructure development to increase the availability of internet connection in the country, this will help reduce cloud services from cloud providers oversees because data transmission across oversees is more expensive as compared to data transferred locally, therefore organization with financial and technical resources can take advantage of this and provide cloud services to local businesses. Key words: Cloud Accounting, Accounting Resilience and sustainability, Innovation


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