Paper Title
The Role of Blockchain in Financial Accounting Enhancing Transparency, Security and Compliance
Article Identifiers
Registration ID: IJNRD_303559
Published ID: IJNRD2501230
: http://doi.one/10.1729/Journal.43329
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Keywords
Blockchain Technology, Financial Accounting, Transparency, Security, Compliance Reporting, Audit Trails
Abstract
Two areas of the study are of interest, the first being how block chain technology is changing the financial accounting profession for the better by giving it high values in transparency, security, and compliance. Being a virtual, distributed ledger, block chain provides immediate and accurate handling of financial activities with the flexibility of minimizing fraud and data manipulation risks. The research also focuses on whether and where blocks in a block chain can be used to support the financial accounting process, such as maintaining ledgers of transactions, generating audit trails, and preparing compliance reports. Thus, the implementation of block chain allows organizations to have more effective accounting processes, maintain data accuracy and meet the requirements of legislation. The study also explores the prospect as well as the problem associated with this evolution Technology that has the potential to routinize the accounting profession.
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How To Cite (APA)
Muddassir Farooq (January-2025). The Role of Blockchain in Financial Accounting Enhancing Transparency, Security and Compliance. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 10(1), c177-c181. http://doi.one/10.1729/Journal.43329
Issue
Volume 10 Issue 1, January-2025
Pages : c177-c181
Other Publication Details
Paper Reg. ID: IJNRD_303559
Published Paper Id: IJNRD2501230
Research Area: Science All
Author Type: Foreign Author
Country: Riyadh, Hittin , Riyadh, Saudi Arabia
Published Paper PDF: https://ijnrd.org/papers/IJNRD2501230.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2501230
Crossref DOI: http://doi.one/10.1729/Journal.43329
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