Determinants of Adoption of Cloud-based Accounting: A Paradigm Shift in Sri Lanka

Abstract

Cloud-Based Accounting (CBA) transforms the accounting system into a sophisticated platform in a turbulent environment. Factors behind the adoption of the CBA are still scepticism. Therefore, the study mainly aims to examine perceived determinants of the adoption of Cloud-Based Accounting (CBA) in Sri Lanka. Human, technological, organisational, and environmental factors are used as independent variables for identifying the determinants of CBA. Data were collected from two hundred professional accountants by using a questionnaire. Descriptive statistics, correlation, and multiple regression were applied to analyse the collected data. The results show that the above four factors are at a high level, and they significantly and positively impact the adoption of CBA. The study provides insights into the policymakers to better understand and enable them to implement suitable strategies to minimise potential damaging factors and improve current trends in their development