Cloud Computing in Accounting and Digital Financial Reporting in Albania


Rezarta Shkurti (Perri) – University of Tirana, Faculty of Economics, Rruga e Elbasanit, Tirana, Albania


7th International Scientific ERAZ Conference – ERAZ 2021 – Conference Proceedings: KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT,  Online/virtual, May 27, 2021

ERAZ Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ERAZ conference partners: Faculty of Economics and Business, Mediterranean University, Montenegro; University of National and World Economy – Sofia, Bulgaria; Faculty of Commercial and Business Studies – Celje, Slovenia; AMBIS University, Prague – Czech Republic; Faculty of Applied Management, Economics and Finance – Belgrade, Serbia

ERAZ Conference 2021 Conference Proceedings: ISBN 978-86-80194-46-2, ISSN 2683-5568, DOI:

Accounting software;
Information technology;
Cloud computing


Abstract: Recent technological changes have had a great impact on the accounting and financial environment all over the world. Albania has also been affected by these changes and developments such as the widespread use of interactive accounting information packages, financial web report­ing, and cloud computing. This paper tries to analyze the current situation of accounting and financial reporting in Albania and the impact that web reporting and cloud computing have had on the simplification of account­ing procedures. Several tools such as online reporting and Extensive Busi­ness Reporting language are presented and their impact on the use of the accounting systems and other financial reporting instruments in Albania is explained. This paper finds that cloud computing has been used extensively by the private companies offering accounting information systems in Alba­nia whereas Extensive Business Reporting language and the IFRS Taxonomy have not attained great recognition in Albania.

ERAZ Conference

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License ( which permits non-commercial use, reproduction and distribution of the work without further permission. 

ERAZ Conference Open Access


Allko, D., (2013). Introduction of XBRL solution in Albania – a field study. Working paper – Master Thesis, University of Tirana.

Bonson, P. E. (2001). A Survey on Voluntary Disclosure on the Internet. Empirical Evidence from 300 European Union Companies. The International Journal of Digital Accounting Research, Vol. 2, No. 1, pp. 27-51.

Bonson, P. E. & Escobar R. T. (2006). Digital reporting in Eastern Europe: An empirical study. International Journal of Accounting Information Systems, Volume 7, Issue 4.

Cepani, L., (2012). The security and privacy issues as one of the barriers impeding the E-Business development in Albania, Scientific Annals of the “Alexandru Ioan Cuza”, University of Iasi.

Debreceny, R., Gray, G. and Rahman, A. (2002). The determinants of Internet financial report­ing, Journal of Accounting and Public Policy, 21(4/5): 371- 394.

Lamani, D. & Cepani, L. (2011). Internet Financial Reporting by banks and insurance compa­nies in Albania”. Romanian Economic Journal, Year XIV, no 42, p 159-174.

Perri et al. (2013), Use of Accounting Information Systems in Albania – a factorial analysis, Working paper.

Perri, R. & Madhi, E., (2015). A Survey Of The Accounting Information Systems Used By The Banking Industry In Albania, Romanian Economic Business Review, Romanian-Ameri­can University, vol. 9(2), pages 264-275, December.

Shkurti, R. & Muca, E., (2014) An analysis of Cloud Computing and its role in accounting in­dustry in Albania. Journal of Information Systems and Operations Management, Vol 8 No 2, pages 219 – 230.

Shkurti, R. & Allko, D., (2016). Business reporting language: a survey of Albanian companies and institutions. Czech Journal of Social Sciences, Business and Economics: An Interna­tional Multidisciplinary Refereed Journal of Social Sciences, Business and Economics. – Prague: US, Univ. Service Publ., ZDB-ID 2724473-8. – Vol. 4.2015, 4, p. 39-49.

Shuli, Perri, (2011). Impact of ICT in Accounting and Auditing – Albanian experience, Interna­tional Conference, Tirana, Albania,

Zeneli, (2013). Cloud Computing evolution in Albania. Working paper – Master Thesis, Univer­sity of Tirana.