Revolutionizing Accounting: Exploring the Transformative Impact of Blockchain Technology | ||||
| المجلة العلمية للبحوث والدراسات التجارية | ||||
| Volume 38, Issue 4, December 2024, Page 1651-1693 PDF (380.91 K) | ||||
| Document Type: المقالة الأصلية | ||||
| DOI: 10.21608/sjrbs.2024.260064.1585 | ||||
 View on SCiNiTO | ||||
| Author | ||||
دعاء فتحي احمد منصور فتحي منصور 
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| كليه التجاره و اداره الاعمال، جامعه حلوان | ||||
| Abstract | ||||
| Blockchain, a decentralized and transparent ledger system, has the potential to revolutionize the way financial information is recorded, verified, and reported. The article delves into the key implications of blockchain for accounting, including enhanced transparency, streamlined record-keeping, and increased efficiency. This research seeks to explore the impact of blockchain on accounting and financial reporting, as well as its implications for the accounting profession. It explores how blockchain can transform traditional accounting processes by eliminating the need for intermediaries, reducing errors, and enhancing the accuracy and integrity of financial records. The article also discusses the challenges and potential risks associated with implementing blockchain in accounting, such as regulatory considerations, scalability, and data privacy. Moreover, this study aims to provide valuable insights for practitioners, educators, and policymakers to demonstrate the practical application of blockchain technology in areas like financial reporting and accounting profession. By analyzing the benefits, limitations, and future prospects of blockchain in accounting, this article contributes to the understanding of how this transformative technology can reshape the accounting profession and improve financial reporting transparency in the digital age. Through a comprehensive review of the literature, this research endeavors to contribute to a better understanding of the transformative effects of blockchain in the area of accounting and financial reporting. | ||||
| Keywords | ||||
| blockchain technology; financial reporting; Digital transformation; Professional skills | ||||
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