CLOUD ACCOUNTING COST AND FINANCIAL PERFORMANCE: A STUDY OF NIGERIAN DEPOSIT MONEY BANKS

https://doi.org/10.5281/zenodo.10879314

Authors

  • Ezejofor, Raymond A Department of Accountancy, Nnamdi Azikiwe University, Awka
  • Udochukwu, Chikaodili N Department of Accounting, Alex Ekwueme Federal University, Ndufu Alike Ikwo
  • Okorafor, Joseph O Department of Accounting, Ebonyi State University, Abakiliki
  • Nwankwo, Chukwuma T Department of Accounting, Ebonyi State University, Abakiliki

Keywords:

Cloud accounting, Server maintenance cost, Software acquisition cost and Return on assets

Abstract

This study ascertained the effect of cloud accounting cost on financial performance of Nigerian deposit money banks, using server maintenance cost, software acquisition cost and return on assets of Nigerian deposit money banks. Ex-Post Facto research was employed by the study. A sampled of five selected deposit money banks was used for the study. Data were extracted from the annual accounts of the sampled banks from 2012 to 2022. The data were analyzed and tested with multiple regression analysis via E-view 9.0. The results revealed that server maintenance cost has a positive effect on financial performance but this effect was not significant while software acquisition cost has negative and insignificant effect on financial performance of deposit money banks in Nigeria. Based on the findings, the study recommended among others that there is a compelling need for the government to enact a law to protect cloud data and ensure its seamless utilization. Reduce the cost of data and accessories this will act as incentive to many organizations to key into the new technology

Published

2024-03-26

How to Cite

Raymond A, E., Udochukwu, C. N., Okorafor, J. O., & Nwankwo, C. T. (2024). CLOUD ACCOUNTING COST AND FINANCIAL PERFORMANCE: A STUDY OF NIGERIAN DEPOSIT MONEY BANKS. Journal of Interdisciplinary Research in Accounting and Finance (JIRAF), 11(1), 86–98. https://doi.org/10.5281/zenodo.10879314

Issue

Vol. 11 No. 1 (2024): January-March

Section

Original Peer Reviewed Articles
Copyright & Licensing

Copyright (c) 2024 Journal of Interdisciplinary Research in Accounting and Finance (JIRAF)

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

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