The Application of Cloud Accounting in Libyan Telecommunications Companies: Challenges and Opportunities

Abstract

The study aims to identify the challenges limiting the adoption of cloud accounting in Libyan telecommunications companies and to examine the opportunities available for its implementation from the perspective of employees in the financial departments of telecommunications companies, specifically Al-Tafani and Almadar Aljadid. The study addresses two main areas: the challenges facing Libyan telecommunications companies in adopting cloud accounting and the opportunities associated with its implementation. To achieve the study objectives, the descriptive-analytical method was employed. Data were collected through a structured questionnaire based on a five-point Likert scale. A total of 35 questionnaires were distributed to accountants and auditors working in the two companies under investigation. Of these, 29 questionnaires were deemed valid for analysis, representing a response rate of 82.9%, The study relied on recent evidence demonstrating the existence of challenges that hinder the adoption of cloud accounting by Libyan telecommunications companies. It also concluded that significant opportunities exist for these companies to adopt cloud accounting. Based on the findings, the researchers recommend investing in dedicated, high-efficiency internet lines that support continuous cloud connectivity. They also recommend providing alternative and sustainable power systems for financial departments to ensure the continuity of accounting operations during power outages, while integrating such systems into the broader accounting infrastructure to facilitate the collection and analysis of sustainability data.