Research On The Application Of Blockchain Technology In Accounting

Blockchain technology,as one of the representative technologies of information technology development in the Internet era,has already played its own advantages in finance,supply chain management,energy and other industries,and there are great development prospects in various industries.Accounting is a fundamental work in the accounting field.Applying the features of decentralization,non-tampering and trustworthiness of blockchain technology to enterprise accounting can effectively improve the efficiency of accounting,optimize the accuracy of financial data,and promote the integration of industry and finance to enhance the operational efficiency of enterprises.The application of blockchain technology in accounting can be explored from four aspects: accounting recognition,accounting measurement,accounting record and accounting report.First,the accounting process models of revenue recognition and expense recognition under blockchain technology illustrate the positive impact of blockchain technology in improving the efficiency of accounting recognition process.The improvement of the accuracy and efficiency of accounting measurement under the application of digital currency based on blockchain technology is explored in the field of accounting measurement.The construction of a triple-entry bookkeeping method for recording economic behaviors under blockchain technology can increase the behavioral dimension of business activities on the basis of recording changes in accounting data,achieve improved bookkeeping efficiency,and further promote the integration of business and finance so as to enhance the operational efficiency of enterprises.The application of blockchain in the field of accounting reporting will improve the quality of accounting information and show more diversified real-time accounting reports.Second,the application of blockchain technology in various aspects of accounting can realize the improvement of enterprise efficiency at multiple levels,which also provides ideas for empirical research on the impact of blockchain technology in enterprise accounting work.By collecting data from listed companies in the computer,communication and other electronic equipment manufacturing industry that introduced blockchain technology in their accounting work from 2009 to 2019 as a sample,a multiple regression approach was used to reveal the actual effectiveness of blockchain technology applied in enterprise accounting.The regression results show that blockchain technology applied in accounting work can bring positive impact to enterprises.Finally,the application of blockchain technology in accounting recognition,accounting measurement,accounting record and accounting report may have market promotion risk,regulatory risk,technical risk and short-sighted risk,therefore,strengthening the deep integration of blockchain and real economy,legislation and regulatory guarantee,technological innovation and research and development become necessary governance countermeasures.It is found that the application of blockchain technology in accounting can optimize the accounting workflow,improve the objectivity and authenticity of accounting data,and deeply promote the integration of industry and finance so as to enhance the operational efficiency of enterprises.The accounting industry should actively explore the integration application of blockchain technology in the industry and use the advantages of blockchain technology to promote the development of the industry.