factors affecting the adoption of cloud accounting in vietnamese small and medium enterprises

các yếu tố ảnh hưởng đến việc áp dụng kế toán đám mây tại các doanh nghiệp vừa và nhỏ ở việt nam factors affecting the adoption of cloud accounting in vietnamese small and medium enterprises Scientific significance: The study contributes to refining the theoretical system of cloud accounting; determine the factors affecting the decision to accept cloud accounting software of SMEs’ managers. Practical significance: The study has identified a number of factors and their influence on the decision to accept cloud accounting software from the perspective of SMEs’ managers. Research results are the basis to help managers of SMEs make informed decisions to apply cloud accounting to meet the organizations current and future computing resource needs. In addition, the research also helps cloud accounting software developers have solutions to reach customers more effectively, as well as develop software to better meet potential customer requirements.

THESIS FACTORS AFFECTING THE ADOPTION OF CLOUD ACCOUNTING IN VIETNAMESE SMALL AND MEDIUM ENTERPRISES INSTRUCTOR : PhD LE NGUYEN HAU STUDENT NAME : STUDENT CODE : General information Author (Student) Address Mobile phone number Email FACTORS AFFECTING THE ADOPTION OF Topic CLOUD ACCOUNTING IN VIETNAMESE SMALL AND MEDIUM ENTERPRISES Supervisor (Lecturer – main supervisor) Address Mobile phone number Email Supervisor (Lecturer) Address Mobile phone number Email Practitioner (optional) Address, number mobile phone Confidentiality level secret open access LIST OF FIGUR Figure Proposed research model .20 Y Figure Research process 21 Figure Scatterplot 43 Figure Histogram and Q-Q Plot 44 LIST OF TABLE Table Construction and coding of the scale .23 Y Table Descriptive statistics of the study sample 33 Table Results of testing the scale's reliability by Cronbach's Alpha coefficient 35 Table Rotation Matrix of Independent Variables 37 Table 4 Rotation Matrix of Dependent Variables .39 Table Summary of the research model 40 Table Anova test results 41 Table Linear regression analysis results 42 TABLE OF CONTENTS General information LIST OF FIGURES LIST OF TABLES CHAPTER 1: INTRODUCTION 1.1 Research background .7 1.2 Shortage of knowledge/information .8 1.3 Significance of the research 1.4 Research objectives/questions 1.4.1 Research questions 1.4.2 Research objectives 1.5 Scope 10 CHAPTER 2: LITERATURE REVIEW 10 2.1 Theoretical foundations of cloud accounting 10 2.1.1 Definitions .10 2.1.2 Cloud accounting benefits .11 2.1.3 Background Theory .12 2.1.4 Technology - Organization - Environment (TOE) Model .13 2.2 Research model and research hypothesis 16 2.2.1 The relationship between technology factors to the decision to accept cloud accounting 16 2.2.2 The relationship between organizational factors to the decision to accept cloud accounting 17 2.2.3 The relationship between environmental factors to the decision to accept cloud accounting 18 2.2.4 Proposed research model .20 CHAPTER 3: RESEARCH METHODOLOGY 22 3.1 Reseach design .22 3.1.1 Research process 22 3.1.2 Research Methods 22 3.2 Scale of factors in the research model 23 3.3 Methods of data collection 29 3.3.1 The method of choosing the sample and sample size 29 3.3.2 Data collection .29 3.4 Methods of data analysis 29 3.4.1 Reliability testing by Cronbach's Alpha 29 3.4.2 Exploratory factor analysis EFA 30 3.4.3 Regression analysis .30 3.4.4 Analysis of Variance ANOVA 31 CHAPTER 4: RESEARCH RESULTS 33 4.1 Descriptive statistics of the study sample .33 4.2 Checking the scale 35 4.2.1 Checking the reliability of the scale by Cronbach's Alpha coefficient 35 4.2.2 Exploratory factor analysis EFA 36 4.3 Regression analysis 40 4.3.1 Pearson's correlation analysis 40 4.3.2 Check the fit of the model .40 4.3.3 Regression results 41 4.3.4 Detecting model assumption violations 43 4.4 Discussion of research results 46 CHAPTER 5: CONCLUSION .49 5.1 Conclusion 49 5.2 Implications 50 5.3 Research limitations and future research directions .51 REFERENCE 53 CHAPTER 1: INTRODUCTION 1.1 Research background The accounting information system (AIS) acts as an intermediary to help collect, process and provide accounting information to inform users so that they can make reasonable economic decisions In the context of increasingly fierce competition between businesses, AIS becomes more and more important in providing relevant information for decisions in a timely manner However, as companies grow in size and spread geographically, traditional AIS (the AIS whose data are stored on premises of organizations) gradually reveal their weaknesses in information transmission Additionally, from 2019 to the present, the covid-19 pandemic has forced many parts of the world to apply blockade measures, which worsened information transmission speed of the traditional AIS While large enterprises have various solutions for AIS to minimize the mentioned issue, the small and medium enterprises (SMEs) have limited choices to enhance their AIS in terms of information transmission The development of information technology (IT) through the 4.0 technology revolution has a strong impact on the accounting work of enterprises In particular, Bagranoff (2010) said that cloud computing - an achievement of the 4.0 technology revolution - has a close relationship with the AIS and affects the change of accounting information Cloud computing systems help employees and stakeholders access applications through computers and mobile devices from anywhere and anytime With new technological achievements, accounting information will be real-time financial data streams instead of historical data (Khanom, 2017) Accounting information can be more timely, accountants can detect erroneous and fraudulent information faster to help limit risks, and at the same time analyze financial trends and make recommendations for managers in real time The economic performance of an enterprise is determined by objective and timely information, which must be provided by the accounting system Therefore, the impact of cloud computing on the timeliness of the publication of economic information is considered significant In 2013, FAST accounting software company launched FAST accounting online (FAO) operating on cloud computing platform This is a big step forward, an effective support tool for SMEs in Vietnam SMEs can inherit the outstanding advantages of cloud computing at a reasonable cost, and most importantly, improve the efficiency and speed of information provision of the accounting system However, with only nearly 7000 customers using it after years of launch (Fast Software Company, 2021), it is clear that FAO has not effectively reached its customers This raises a big question for FAST in particular and other companies that have just developed cloud accounting software such as MISA (with AMIS accounting) and Softdreams (with Easybook) about what factors customers care about when choosing cloud platform for their accounting software 1.2 Shortage of knowledge/information Research on information technology adoption provides several theoretical models that use different constructs to explain the mechanism of technology adoption To some extent, these theoretical models can also help explain the deployment of cloud accounting software However, a closer look at existing theoretical studies reveals some gaps that prevent the full application of these theories to the modern environment The first theoretical gap is related to the fact that existing theoretical models not contain all the variables that explain potentially significant factors that can affect the intent of SMEs using cloud accounting software Accounting is a special area in businesses where financial information recorded and reported by accountants not only has a tremendous impact on a business's operations and performance (Soudani, 2012), but is also related to tax and external reporting compliance issues (Benjamin & Stanga, 1977) Therefore, businesses are often especially concerned about possible risks to accounting data (Beard & Wen, 2007) However, no research has mentioned how this factor affects the intention behavior of enterprises when choosing accounting software Second, in Vietnam, there has not been a specific study on the factors affecting the intention to use cloud accounting software for small and medium enterprises The studies so far have only studied the factors affecting the intention to choose accounting software