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Why Would Organizations Use Cloud Computing During Tough Economic Times

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Why would organizations use cloud computing during tough economic times?


Definitions:

Loan Requests

are formal applications made by individuals or companies to borrow money from financial institutions.

Financial Statements

Financial Statements are written records that convey the business activities and the financial performance of a company, including the balance sheet, income statement, and cash flow statement.

Trial Balance

A financial worksheet that consolidates all ledger balances into equal debit and credit columns for each account.

Journal Entries

Recorded business transactions in the accounting records of a company, listed in the general journal.

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