Factors influencing the extent of blockchain technology adoption in the accounting profession of Kenya
Date
2020
Authors
Miiro, E. C.
Journal Title
Journal ISSN
Volume Title
Publisher
Strathmore University
Abstract
Accounting is the orderly step-by-step documenting of pecuniary business-dealings in their entirety. This entails summarizing, analyzing and reporting the financial transactions of a business to oversight agencies, regulators and tax collection agencies. The published financials which outline the activities and processes of a big enterp1ise, its fiscal place in the economy according to the balance-sheet and money in-flows and out-flows in a specific time-frame are a brief outline of billions and billions of monetary business dealings and undertakings organization has engaged in during that period. To account for is among the significant operations of any business (Kagan, 2018). In an ideal situation, conventional accounting as a field of business consists of many activities ranging from the understanding of the fundamentals of accounting principles and policies to various methods of application of the policies when dealing with financial statement areas like assets, receivables, payables, liabilities, equity further more to preparation and consolidation of financial statements for organizations such as income statements for the year ended, balance sheets or statement of financial position, statement of changes in equity, the notes to the financial statements and so on. To ascertain the credibility and accuracy of the figures, assumptions and provisions set by the accountants in the financial reporting process of various organizations, the financial statements and financials are audited both internally and externally therefore providing the shareholders and other stakeholders with assurance, whether the financial statements are in congruence with accounting policies, principles and standards or they are contrary to accounting principles hence materially misstated and misleading.
Description
Full - text undergraduate research project
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Citation
Miiro, E. C. (2020). Factors influencing the extent of blockchain technology adoption in the accounting profession of Kenya [Strathmore University]. http://hdl.handle.net/11071/16061