Triple - Entry bookkeeping: history and benefits of the concept

Izdanje: FINIZ 2019 - Digitization and Smart Financial Reporting

DOI: 10.15308/finiz-2019-58-61

Oblast: Accounting, Audit and Forensic Science

Stranice: 58-61

Apstrakt:
With the emergence of the blockchain technology another concept is revived – triple-entry bookkeeping. The tTerm first occurred in 1989 in a paper written by Yuji Ijiri, this alternative accounting system was expanded at a later time. The Double entry bookkeeping evolved around the 1300s AD in Italy and is still being used to this day. Having in mind that this system is prone to error and fraud, this paper examines how triple entry bookkeeping contributes to transparency, future reference, reconciliation, assurance and auditing. Therefore, the analysis is carried out systematically, uniformly and consistently. Additionally, the changing role of external auditors in everyday operations will be evaluated and the paper concludes with a discussion of a proposed solution for the principalagent problem.
Ključne reči: double entry bookkeeping, blockchain, audit, distributed ledger technology
Priložene datoteke:
  • 58-61 ( veličina: 331,41 KB, broj pregleda: 546 )

Preuzimanje citata:

BibTeX format
@article{article,
  author  = {M. Gröblacher and V. Mizdraković}, 
  title   = {Triple - Entry bookkeeping: history and benefits of the concept},
  journal = {FINIZ 2019 - Digitization and Smart Financial Reporting},
  year    = 2019,
  pages   = {58-61},
  doi     = {10.15308/finiz-2019-58-61}
}
RefWorks Tagged format
RT Conference Proceedings
A1 Marlene Gröblacher
A1 Vule Mizdraković
T1 Triple - Entry bookkeeping: history and benefits of the concept
AD Univerzitet Singidunum, Beograd, Beograd, Srbija
YR 2019
NO doi: 10.15308/finiz-2019-58-61
Unapred formatirani prikaz citata
M. Gröblacher and V. Mizdraković, Triple - Entry bookkeeping: history and benefits of the concept, Univerzitet Singidunum, Beograd, 2019, doi:10.15308/finiz-2019-58-61