Language:

Accounting and blockchain technology: from double-entry to triple-entry

The Business & Management Review, 2019, Vol.10 (2), p.108-116

Full text available

Citations Cited by

Title:
Accounting and blockchain technology: from double-entry to triple-entry
Author: Faccia, Alessio ; Mosteanu, Narcisa Roxana
Subjects: Accounting procedures ; Accounting systems ; Auditing ; Audits ; Balance sheets ; Blockchain ; Bookkeeping ; Cash flow statements ; Financial literacy ; Financial statements ; Future of banking ; Globalization ; Higher education ; Social sciences ; Studies
Is Part Of: The Business & Management Review, 2019, Vol.10 (2), p.108-116
Description: Any private and public institution is required to have a bookkeeping for their activity. Among many other duties, transparency in procurement and selling of goods and services, budgeting and presentation of their accounts are mandatory for any business. Actual legislation requires recordings according to the double-entry bookkeeping system. Current practice shows that the actual accounting system despite all legislative rigors, still leaves room for errors, voiced or forced, which in time leads to the development of the phenomenon of financial fraud. From this perspective, the present paper comes to how, moving to the next level of technology, blockchain, and from double-entry to triple entry accounting system, the risk of error and fraud mechanism can be definitely reduced.
Publisher: London: Centre for Business & Economic Research
Language: English
Identifier: ISSN: 2047-2854
EISSN: 2047-2862
Source: AUTh Library subscriptions: ProQuest Central

Back to results list


INSPIRE LIBRARY - TON DUC THANG UNIVERSITY	(84-028) 37 755 057	Feedback
19 Nguyen Huu Tho St. Dist.7, HCM	thuvien@tdtu.edu.vn	Feedback

Searching Remote Databases, Please Wait