CLOUD ACCOUNTING AND FIRM PERFORMANCE OF SELECTED MANUFACTURING FIRMS IN NIGERIA

Authors: Author Name 1 (Affiliation 1), Author Name 2 (Affiliation 2)

Journal: Journal Name | Volume: 22 | Issue: 1 | Pages: 139 - 150

Keywords: Cloud accounting, Firm performance and Profit margin

Abstract

The study examined the relationship between cloud accounting and firm performance of selected manufacturing firms in Nigeria. The specific objective was to examine the extent to which user adoption of cloud accounting ; cloud accountng cost reduction and cloud accounting efficiency affect the profit margin of manufacturing firms in Nigeria This research employed descriptive research design , Simple percentage analysis, mean and the frequency distribution were used in the descriptive analysis of the data while the hypothesis formulated were tested using Spearman Correlation Test at 5% level of significance. The findings indicated that the user adoptio of Cloud accounting significantly and positively affects the profit margin of manufacturing firms in nigeria(p<0.05); cloud accounting cost reduction significantly and positively affects the profit margin of manufacturing firms in Nigeria(p<0.05);The study recommend that manufacturing firms should encourage comprehensive training programs for employees to enhance thier understanding and proficiency in using cloud accountin syatems by means of workshops, online courses and continious support to ensure a smooth transition and optimal utilization of the cloud accounting tools.