The impact of using blockchain on financial reporting from the point of view of financial managers

Document Type : Original Article

Authors

1 PhD student, Department of Accounting, Faculty of Administrative and Economic Sciences, Ferdowsi University, Mashhad, Iran

2 Professor, Department of Accounting, Faculty of Administrative and Economic Sciences, Ferdowsi University, Mashhad, Iran.

3 Assistant Professor, Department of Business and Accounting, Muscat College, Muscat, Oman.

Abstract

Several corporate, environmental and economic factors can have different effects on the financial reporting of companies at different times. One of the most important factors is the technology and reporting method used. Due to its features such as security and speed, blockchain technology can become the main choice of companies for event recording and financial reporting in the near future. The purpose of this research is to investigate the effects of opportunities and threats of using blockchain on financial reporting. The direction of the current research is developmental and applied. In the first stage of data collection, the variables involved in the research topic were extracted by studying the research literature and the extracted factors were confirmed by interviewing financial managers and experts. In the second stage, it includes a survey of the statistical population using a questionnaire. The studied population included financial managers and the data were analyzed using the structural equation modeling method. The results of the research show that all the indicators of opportunities to use blockchain have a positive and significant effect on financial reporting opportunities. Also, all indicators of the threats of using blockchain have a positive and significant effect on the threats of financial reporting.

Keywords

Main Subjects

References

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History

  • Receive Date: 11 January 2024
  • Revise Date: 26 August 2024
  • Accept Date: 06 February 2024

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