Cloud Computing: Rapidly Developing Accounting Field

Cloud computing is becoming a buzzword. Cloud computing is the evolution of a variety of technologies that have come together to change an organization’s approach for building an IT infrastructure .The paper discusses the most discussed topic nowadays ‘cloud computing’. The paper explains the cloud computing concepts, characteristics, types, advantages and disadvantage, services provided by cloud computing and different service providers. The terms ‘cloud computing’ and ‘working on the cloud’ refer to performing computer takes using services delivered entirely over the internet. Cloud computing is a movement away from applications needing to be installed on an individual’s computer towards the applications being hosted online. (The ‘cloud’ refers to the internet and was inspired by technical flow charts and diagrams, which tend to use a cloud symbol to represent the internet.)Cloud computing will promote the use of shared resources and when we are sharing the resources among different users it will definitely lower the cost and will help in keeping the environment clean. We need to strap up this technology in our daily lives by creating many applications on cloud.