Impact of Cloud Computing on Quality of Financial Reports with Jordanian Commercial Banks

Current study aimed at examining the impact of cloud computing (On -de-mand self-service, broad network access, Resource pooling, rapid elasticity and Measured) on quality of financial reports characteristic (Understandabil-ity, Comparability, Relevance and Reliability). Using a quantitative methodol-ogy and the questionnaire as a tool, (96) persons from ten commercial banks answered to the questionnaire. Results of study indicated that cloud compu-ting along with its characteristics play a role in defining and presenting high quality financial reports scoring a variance of 49.7% of the relationship. Among chosen characteristics, it appeared that measured service was the most influential characteristics of all scoring a variance of (43.5%) and influ-encing quality of financial reports. It was also revealed through study that all cloud computing characteristics had an influence on quality of financial re-ports elements mainly comparability of financial reports followed by reliability which increases benefits of cloud computing in accounting. Study recom-mended the necessity for organizations to make more efforts to prepare and provide training courses and media sessions for its members on topics of cloud computing.