THE IMPACT OF USING BLOCK CHAIN TECHNOLOGY ON ACCOUNTING INFORMATION SYSTEMS: A FIELD STUDY IN LISTED JOINT STOCK COMPANIES IN THE IRAQI STOCK EXCHANGE
Keywords:
Blockchain technology, accounting system, Iraqi financial marketAbstract
The study aimed to introduce the concept of block chain technology, its features, objectives, and characteristics. It also aimed to define the accounting information system, its components, characteristics, and functions. The study examined the relationship and impact between the use of block chain technology and the accounting information system. To achieve its objectives, the study used a questionnaire as a tool to gather the necessary information from 47 Iraqi companies listed in the Iraqi stock market. Given the nature of the study and its objectives, the researcher used a descriptive analytical approach. The study found a statistically significant strong positive relationship between block chain technology and the accounting information system in the listed companies in the Iraqi stock market. It also found a statistically significant strong positive relationship between the dimensions of block chain technology usage and the accounting information system in the listed companies in the Iraqi stock market, with a correlation coefficient of 0.883. The study recommended designing an accounting system that is flexible enough to accommodate all the changes that occur with block chain technology transactions. It also recommended the availability of qualified individuals who possess the scientific and practical knowledge and are capable of performing accounting work in the context of block chain technology
References
Abu Samra, Adel Hassan. (2019). A proposed model for activating financial inclusion through digital transformation to achieve Egypt's vision 2030.
Ahmed, Munir Maher. (2018). Blockchain technology and its impact on the Islamic finance sector.
Ismail, Ali Saeed. (2021). Block chain technology as a mechanism for governing contemporary Islamic financial institutions.
Amal, Marzouk. (2021). Blockchain technology and its economic applications.
Andalusi, Mohammed. (2017). Blockchain as a foundation for a developed digital economy.
Bakr, Mohammed Obeid. (2019). The impact of e-commerce on the development of accounting information systems: A field study on a selected sample of commercial companies in Khartoum state in 2019.
Al-Bawab, Rawan Thaer. (2021). The impact of using blockchain technology on the financial statements of Jordanian commercial banks.
Hamoudi, Hisham Omar. (2016). Using accounting information systems according to the Islamic accounting approach in the Zakat fund.
Khalifa, Ihab. (2018). Blockchain: The next technological revolution in the world of finance and management.
Al-Shar'a, Iman Hussein, Alwan, Raad Zaid, Abdullah, Hanan. (2019). Accounting information systems and their role in tax distinction: An applied study in the General Authority for Taxes.
Abu-Gharbieh, E., & Abu-Gharbieh, L. (2020). The impact of COVID-19 pandemic on the global economy: Emphasis on poverty alleviation and economic growth. International Journal of Business and Management, 15(8), 1-11. This article discusses the impact of the COVID-19 pandemic on the global economy, with a focus on poverty alleviation and economic growth.
Ahmed, M. A., & Islam, M. A. (2021). Social accounting disclosure in the banking sector of Bangladesh: A study on the commercial banks listed in Dhaka Stock Exchange. Journal of Finance and Banking Review, 6(2), 1-15. This study examines the social accounting disclosures of commercial banks listed in the Dhaka Stock Exchange in Bangladesh.
Al-Rawashdeh, F. A., Al-Qudah, K. M., & Al-Sheyyab, M. M. (2018). Corporate governance and earnings management in Jordan: An empirical investigation. International Journal of Accounting and Financial Reporting, 8(1), 172-189. This article investigates the relationship between corporate governance and earnings management in Jordan.
Al-Shubiri, F. N., Al-Amarneh, A. A., & Al-Saraireh, O. A. (2020). The impact of intellectual capital on the performance of banks: Evidence from Jordan. International Journal of Business and Management, 15(2), 204-218. This study examines the impact of intellectual capital on the performance of banks in Jordan.
Al-Tarawneh, H. A., & Al-Matari, E. M. (2021). The impact of board characteristics on corporate social responsibility disclosure: Evidence from the Jordanian banking sector. Journal of Business and Retail Management Research, 15(1), 14-27. This article investigates the impact of board characteristics on corporate social responsibility disclosure in the Jordanian banking sector.
Al-Zu’bi, Z. M. (2020). The impact of IFRS adoption on financial statements quality: Evidence from Jordan. Journal of Accounting and Finance in Emerging Economies, 6(1), 63-74. This study examines the impact of IFRS adoption on financial statement quality in Jordan.
Amin, M., & Hossain, M. A. (2019). Factors affecting the adoption of environmental accounting practices in the RMG sector of Bangladesh: An exploratory study. Journal of Accounting and Management Information Systems, 18(1), 5-23. This article explores the factors affecting the adoption of environmental accounting practices in the RMG sector of Bangladesh.
Arayssi, M. (2018). Blockchain and accounting: A literature review. Journal of Accounting, Auditing & Finance Research, 5(1), 1-10. This article reviews the literature on blockchain and its potential impact on accounting.
Bhattacharyya, A. (2019). Impact of corporate governance on firm performance: Evidence from India. Journal of Management Research, 19(1), 42-56. This study examines the impact of corporate governance on firm performance in India.
Hasan, M. S., & Siddiquee, N. A. (2020). Intellectual capital and firm performance: Evidence from the pharmaceutical industry of Bangladesh. International Journal of Economics, Commerce and Management, 8(8), 22-32. This article investigates the relationship between intellectual capital and firm performance in the pharmaceutical industry of Bangladesh.
Ping, C., & Xuefeng, H. (2011). The application in medium-sized and small enterprises informatization of cloud accounting. Journal Chongqing University of Technology and Social Science, 1, 55-60
Hardjono, T. (2018). The Impact of Blockchain for Government: Insights on Identity, Payments, and Supply Chain. (Washington: IBM Center for The Business of Government, p.6. Retrieved from: http://www.businessofgovernment.org/report/impact-blockchaingovernment-insights-identity-payments-and-supply-chain
Edgile, Inc. (2018). Blockchain and Governance, Risk and Compliance: Overview and Impact. Management Consulting, p.5. Retrieved from: https://blogs.uw.edu/acctgweb/files/2018/05/8_Bermanedit.pdf
Shermin, V. (2017). Disrupting governance with blockchains and smart contracts. Strategic Change, Vol 26(5), p501. Retrieved from: https://doi.org/10.1002/jsc.2150.
Atlam, H., & Wills, G. (2019). Technical Aspects of Blockchain and IoT. Advances in Computers, 115, 1-39
Cognizant. (2019). Financial Services: Building Blockchain One Block At A Time.
Hewavitharana, T. Nanayakkara, S. Perera, S. (2019), "Blockchain As A Project Management Platform", World construction symposium, colomo, sri lanka, vol.8:10(137-146). Doi.org/10.31705/wcs.2019.14.
SINGH, SAURABH. HOSEN, A. S. M. SANWAR. YOO, BYUNGUN (2021). Block chain Security Attacks, Challenges, and Solutions for the Future Distributed Iota Network: Volume (9), IEEE Journal, p: (13938-13959) https://ieeexplore.ieee.org/stamp/stamp.jsp?arnumber=9323061.
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
