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<p>This paper applies blockchain technology to design an enterprise accounting service system and designs an accounting framework containing four links: recognition, measurement, recording, and reporting. Focusing on the field of accounting measurement, it proposes a practical way to use blockchain technology in both monetary measurement and accounting measurement attributes. To confirm the impact of blockchain-based accounting, we developed a robustness testing approach. We analyzed data from publicly traded companies that implemented blockchain technology in their accounting systems from 2013 to 2023. Analyzing the effect of blockchain technology on the effectiveness of accounting service work finds that there is a significant correlation between the measure of Total Asset Turnover (TAT) and whether or not blockchain technology is applied (0.526). The regression result of the blockchain dummy variable as an explanatory variable is also very significant (0.004), and the robustness test after replacing the variables indicates that the conclusion remains unchanged. The empirical analysis shows that the ROE values of the corporate performance indicators of applying (16.52%) and not using (8.47%) the accounting service system show a highly significant difference (p=0.001), which indicates that the accounting service system is more effective. The accounting service designed in this paper provides a reference basis and data support for enterprise financial management. It lays the foundation for the application of blockchain technology in accounting services.</p>
</abstract>

This paper applies blockchain technology to design an enterprise accounting service system and designs an accounting framework containing four links: recognition, measurement, recording, and reporting. Focusing on the field of accounting measurement, it proposes a practical way to use blockchain technology in both monetary measurement and accounting measurement attributes. To confirm the impact of blockchain-based accounting, we developed a robustness testing approach. We analyzed data from publicly traded companies that implemented blockchain technology in their accounting systems from 2013 to 2023. Analyzing the effect of blockchain technology on the effectiveness of accounting service work finds that there is a significant correlation between the measure of Total Asset Turnover (TAT) and whether or not blockchain technology is applied (0.526). The regression result of the blockchain dummy variable as an explanatory variable is also very significant (0.004), and the robustness test after replacing the variables indicates that the conclusion remains unchanged. The empirical analysis shows that the ROE values of the corporate performance indicators of applying (16.52%) and not using (8.47%) the accounting service system show a highly significant difference (p=0.001), which indicates that the accounting service system is more effective. The accounting service designed in this paper provides a reference basis and data support for enterprise financial management. It lays the foundation for the application of blockchain technology in accounting services.

Enterprise accounting services applying big data under the financial sharing model

Applied Mathematics and Nonlinear Sciences

This work is licensed under the Creative Commons Attribution 4.0 International License.

This paper applies blockchain technology to design an enterprise accounting service system and designs an accounting framework containing four links:...

Enterprise accounting services applying big data under the financial sharing model

Data publikacji: 22 maj 2024

Zakres stron: -

Otrzymano: 28 sty 2024

Przyjęty: 08 kwi 2024

DOI: https://doi.org/10.2478/amns-2024-1187

Słowa kluczowe
Blockchain, Asset turnover, Robustness test, Accounting

© 2024 Dianhong Zhou, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Enterprise accounting services applying big data under the financial sharing model

Data publikacji: 22 maj 2024

Zakres stron: -

Otrzymano: 28 sty 2024

Przyjęty: 08 kwi 2024

DOI: https://doi.org/10.2478/amns-2024-1187

Słowa kluczoweBlockchain, Asset turnover, Robustness test, Accounting

© 2024 Dianhong Zhou, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Słowa kluczowe
Blockchain, Asset turnover, Robustness test, Accounting