American Journal of Science and Learning for Development

The Risk of Cloud Accounting on the Quality of Financial Statements

Omar Hadi Ali, Ibrahim Naeem Hasan, Mohammed Shakour Ahmed — Mon, 10 Jun 2024 00:00:00 +0000

Cloud computing represents a significant advancement in technology, involving the migration of computer processors and storage areas to a virtual environment known as the cloud. In the realm of computing, including devices such as computers and smartphones, etc. The financial reports of companies contain crucial data for assessing the efficiency and effectiveness of these companies. The utilization of cloud computing in accounting involves the preparation of accounts and reports, including their information, through the use of an accounting program hosted by a third party on the Internet. This practice was not previously common. The former issue pertains to the informational and technological risks associated with the use of cloud computing in building information systems and preparing financial reports. The researcher concluded that the research hypothesis is valid, as evidenced by a correlation coefficient of 0.741. However, the researcher also noted that companies tend to overlook the potential risks involved in utilizing modern technology in cloud computing. Therefore, the researcher recommends the importance of considering and addressing these risks. Create financial reports using cloud computing apps and assess associated risks to assure the integrity and reliability of the reports and the information they include.

Assessment of Impact of Inflation on University Management in North-Central, Nigeria

Niyi Jacob Ogunode, Ifeoma Nonyelum Eze, Idowu Michael Olumodeji — Sat, 02 Mar 2024 00:00:00 +0000

The objectives of this study is to assess the impact of inflation on university management in Nigeria. The population of this study comprised of all academic staff in North-Central, Nigeria. The study adopted a descriptive survey design. The sample for study was made up of three hundred academic staff. The sample was selected from three public universities in North-central, Nigeria. The sample was selected using multi-stage sampling technique. A research instrument was constructed by the researchers and used for the data collection which was title: (Impact of Inflation on University Management Questionnaire). The structured questionnaire used 4 Likert scale: Strongly Agree (SA), Agree (A), Disagree (D) and Strongly Disagree (SD). The reliability of the instruments IIUMQ was established through a test re-test method. The results of the first and second administration of the instrument were analysed using the Pearson Product Moment correlation coefficient, which yielded a reliability index of 0.88. Data collected in the study were analyzed using mean-scores and standard deviation. The findings showed that inflation affected running of the universities in Nigeria via increment in operational cost. The result also indicated that inflation affected projects completion, led to projects abadonment, poor projects financing and poor projects maintenance. The result finally revealed that inflation affected implementation of teaching, research and community service programme in Nigerian universities. Based on the findings, the paper hereby recommended that government should increase the funding of universities in Nigeria. Government should diversify the economy by increasing local production and encourage locally manufacturing of goods.

Management of Innovations by Increasing the Efficiency of Innovation Activity of the Enterprise

Odinakhon A. Mamajonova — Thu, 07 Mar 2024 00:00:00 +0000

This essay explores the intricacies of managing and implementing innovation, highlighting the obstacles that frequently stand in the way of advancement in this field. The goal of the study is to clear the path for more successful innovation tactics by identifying these barriers. The study delineates distinct approaches targeted at optimizing the process of invention generation, with an emphasis on reducing both temporal and monetary outlays. After conducting a comprehensive analysis of current obstacles and inadequacies, the research provides valuable suggestions for improving the management framework that oversees innovation initiatives in businesses. These suggestions aim to improve the distribution of resources, expedite procedures, and create an atmosphere that is more favorable for the growth of innovation.