Abstract:
Given the need to leverage on requisite technologies in the Accounting world, particularly in the face of digitalization taking the premium space in today’s highly globalized world, the need to examine the twin issues of Electronic Accounting (e-Accounting) and Cloud computing has become very fundamental. By means of an exploratory approach, findings from this research analysis reveals that e-accounting system is seen as a framework derived to replace a manual system – that in a system derived from the scientific method, and certain instructions. Similarly, within the government cycles, government accounting system is based on instructions issued by the government financial management whereby electronic systems are designed in line with legislation and regulations of financial instructions which focus on government approved transactions on the specified documents, such as disbursement and payment vouchers, which are main documents under the government system. Disbursement document is for the government expenditures (current and capital) that are made as specified in the State general budget. The study therefore recommends that he government should embrace and bring to bear a well-designed e-accounting information system to cover such areas like budgeting system (from formulation, approval, implementation, disbursement, etc.), payrolls, pensions matter, just to mention a few.
