Cloud accounting represents a major disruptive technology for the accounting industry. quoted from Ma, D., Fisher, R., & Nesbit, T. (2021).

1. In not more than 100 words, define and explain what cloud accounting are.

2. In not more than 600 words, you must explain in detail how cloud accounting are used. Give and elaborate three (3) examples.

3. Why are cloud accounting applied in those three (3) examples? What are the benefits to the company or organisation? (100 words)

4. What are the considerations when implementing cloud accounting? (100 words)

5. In not more than 100 words, write your conclusion. What is the future of cloud accounting? What are the biggest challenges in implementing cloud accounting?