Blockchain For Accounting

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Bridging the Gap with Fintech Transformation

Blockchain, cryptoassets, and artificial intelligence protocols continue to change the roles of accounting and financial service professionals at a fundamental level. This book examines the impact and influence of these technologies in the financial sector. In particular, this second revised edition examines the impact of these technologies on megatrends such as ESG reporting, remote workforces, real-time reporting, and a shift to a virtual and digital world. It also provides insights on how automation of all kinds—highlighted by AI—are changing the ways in which financial transactions and other information are handled by accounting and finance professionals. Ranging from the implications of blockchains among various organizations, to the rise of cryptoassets for transactions and investing activities, the author provides grounded and action-oriented recommendations for financial practitioners.

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This book introduces and discusses new innovations in accounting and finance, including management accounting, blockchain, E-business models, data analytics, artificial intelligence, cryptocurrency, bitcoin, digital assets, and associated risks. It sheds light on how and why accounting and finance innovations have changed over time. As such, it is a useful resource for individuals working in accounting and finance.