Blockchain Accounting in a Tripple-Entry System
(2018) FEKH69 20181Department of Business Administration
- Abstract
- Title: Blockchain Accounting in a Triple-Entry System - Its Implications on the Firm and its
Stakeholders, a Case Study on the Request Network.
Seminar date: 1st of June 2018
Course: FEKH69 & FEKH89, Degree Project Undergraduate Level, Business
Administration, Undergraduate Level, 15 University Credits Points (UPC) or ECTS-cr)
Authors: Mahir Hambiralovic & Rasmus Karlsson
Advisor: Rolf G Larsson
Keywords: Blockchain Accounting, Triple-Entry Accounting, Request Network, Real-Time
Accounting, Automated Audit
Purpose: To continue previous research on blockchain accounting and to explore how the
technology could alter industries and professions over time.
Methodology: A literature review is conducted on peer-reviewed articles and... (More) - Title: Blockchain Accounting in a Triple-Entry System - Its Implications on the Firm and its
Stakeholders, a Case Study on the Request Network.
Seminar date: 1st of June 2018
Course: FEKH69 & FEKH89, Degree Project Undergraduate Level, Business
Administration, Undergraduate Level, 15 University Credits Points (UPC) or ECTS-cr)
Authors: Mahir Hambiralovic & Rasmus Karlsson
Advisor: Rolf G Larsson
Keywords: Blockchain Accounting, Triple-Entry Accounting, Request Network, Real-Time
Accounting, Automated Audit
Purpose: To continue previous research on blockchain accounting and to explore how the
technology could alter industries and professions over time.
Methodology: A literature review is conducted on peer-reviewed articles and professional
literature relevant to the topic. Following this, a case study of the Request Network is
conducted, examining its development and use in blockchain accounting. Finally, an analysis
is made on the effects of blockchain accounting on the firm and its key stakeholders,
identified as Auditors, Banks and Tax Authorities.
Theoretical Perspectives: A case study is conducted based on the frameworks proposed by
Yin (2009) and a stakeholder analysis is made with its foundations in Freeman’s stakeholder
theory (2010).
Empirical Foundation: A case study of the Request Network is made, gathering information
using the projects revised white paper and detailed blog.
Conclusions: The effects of blockchain accounting for the firm are identified as increased
automation of traditional accounting functions, significant reductions in internal and external
fraud and increased trust and usefulness of financial information. The effects on stakeholders
also include automation and increased reliability, however, functions and roles of some
stakeholders could dramatically shift away from traditional services. Firms and professionals
should be prepared for such developments as they could render traditional skills obsolete and
could put a serious demand on IT skills in such industries. (Less) - Abstract (Swedish)
- Titel: Blockchain Accounting in a Triple-Entry System - Its Implications on the Firm and its
Stakeholders, a Case Study on the Request Network.
Seminariedatum: 1 juni 2018
Kurs: FEKH69 & FEKH89, Examensarbete kandidatnivå i Finansiering och Redovisning,
Företagsekonomi, 15 högskolepoäng.
Författare: Mahir Hambiralovic & Rasmus Karlsson
Handledare: Rolf G Larsson
Nyckelord: Blockchain bokföring, Trippel bokföring, Request Network, Bokföring i realtid,
Automatiserad revision
Syfte: Uppsatsens syfte är att fortsätta tidigare forskning inom blockchain bokföring genom
att undersöka hur teknologin kan påverka företag, dess intressenter samt jobb i kommande
framtid.
Metod: Uppsatsen har arbetats fram genom en omfattande genomgång av... (More) - Titel: Blockchain Accounting in a Triple-Entry System - Its Implications on the Firm and its
Stakeholders, a Case Study on the Request Network.
Seminariedatum: 1 juni 2018
Kurs: FEKH69 & FEKH89, Examensarbete kandidatnivå i Finansiering och Redovisning,
Företagsekonomi, 15 högskolepoäng.
Författare: Mahir Hambiralovic & Rasmus Karlsson
Handledare: Rolf G Larsson
Nyckelord: Blockchain bokföring, Trippel bokföring, Request Network, Bokföring i realtid,
Automatiserad revision
Syfte: Uppsatsens syfte är att fortsätta tidigare forskning inom blockchain bokföring genom
att undersöka hur teknologin kan påverka företag, dess intressenter samt jobb i kommande
framtid.
Metod: Uppsatsen har arbetats fram genom en omfattande genomgång av tidigare granskad
och relevant akademisk samt fackmässig litteratur. Fortsättningsvis har en fallstudie
genomförts på Request Network med syfte att utforska dess utveckling och användning inom
blockchain bokföring. Till sist så har en analys genomförts gällande hur blockchain bokföring
kan påverka företag samt dess nyckelintressenter. De huvudsakliga intressenterna har
identifieras som revisorer, banker och skattemyndigheter.
Teoretiska perspektiv: Fallstudien är utförd utefter det ramverk som Yin (2009) tagit fram
för fallstudier som en forskningsmetod. Interessentanalysen har utförts med grund i Freemans
intressentteori (2010).
Empiri: Fallstudien på Request Network genomfördes genom att studera organisationens
vitbok samt projektblogg.
Sammanfattning: Effekterna utav blockchain bokföring på företag har identifierats till att
öka automatisering för traditionella arbetsuppgifter, reducera internt och externt bedrägeri
samt öka tillförlitlighet och användbarhet för finansiell information. Effekterna på
intressenterna leder även där till ökad automation samt pålitlighet. Däremot kan funktioner
och roller hos några intressenter komma att dramatisk förändras som konsekvens av
blockchain bokföring. Organisationer och yrkesverksamma bör vara förberedda på
förändringarna, traditionella styrkor kan komma att bli överflödiga och efterfrågan kan flyttas
till IT-baserade kompetenser. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/8953732
- author
- Hambiralovic, Mahir LU and Karlsson, Rasmus
- supervisor
-
- Rolf Larsson LU
- organization
- course
- FEKH69 20181
- year
- 2018
- type
- M2 - Bachelor Degree
- subject
- keywords
- Blockchain Accounting, Triple-Entry Accounting, Request Network, Real-Time Accounting, Automated Audit
- language
- English
- id
- 8953732
- date added to LUP
- 2018-07-13 14:48:51
- date last changed
- 2018-07-13 14:48:51
@misc{8953732, abstract = {{Title: Blockchain Accounting in a Triple-Entry System - Its Implications on the Firm and its Stakeholders, a Case Study on the Request Network. Seminar date: 1st of June 2018 Course: FEKH69 & FEKH89, Degree Project Undergraduate Level, Business Administration, Undergraduate Level, 15 University Credits Points (UPC) or ECTS-cr) Authors: Mahir Hambiralovic & Rasmus Karlsson Advisor: Rolf G Larsson Keywords: Blockchain Accounting, Triple-Entry Accounting, Request Network, Real-Time Accounting, Automated Audit Purpose: To continue previous research on blockchain accounting and to explore how the technology could alter industries and professions over time. Methodology: A literature review is conducted on peer-reviewed articles and professional literature relevant to the topic. Following this, a case study of the Request Network is conducted, examining its development and use in blockchain accounting. Finally, an analysis is made on the effects of blockchain accounting on the firm and its key stakeholders, identified as Auditors, Banks and Tax Authorities. Theoretical Perspectives: A case study is conducted based on the frameworks proposed by Yin (2009) and a stakeholder analysis is made with its foundations in Freeman’s stakeholder theory (2010). Empirical Foundation: A case study of the Request Network is made, gathering information using the projects revised white paper and detailed blog. Conclusions: The effects of blockchain accounting for the firm are identified as increased automation of traditional accounting functions, significant reductions in internal and external fraud and increased trust and usefulness of financial information. The effects on stakeholders also include automation and increased reliability, however, functions and roles of some stakeholders could dramatically shift away from traditional services. Firms and professionals should be prepared for such developments as they could render traditional skills obsolete and could put a serious demand on IT skills in such industries.}}, author = {{Hambiralovic, Mahir and Karlsson, Rasmus}}, language = {{eng}}, note = {{Student Paper}}, title = {{Blockchain Accounting in a Tripple-Entry System}}, year = {{2018}}, }