AN ASSESSMENT OF BLOCKCHAIN TECHNOLOGY'S INFLUENCE ON FINANCIAL REPORTING ACCURACY
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
Abstract
This research assesses the influence of blockchain technology on the accuracy of financial reporting in Ogun State, Nigeria. The objectives include: (1) evaluating blockchain's role in enhancing data integrity, (2) examining its effect on real-time financial reporting, and (3) analyzing how blockchain reduces financial fraud. A survey design was employed to collect data from accounting professionals and financial institutions. The sample size was determined using Taro Yamane's formula to ensure a representative sample of the population. First Bank of Nigeria serves as the case study due to its pioneering efforts in blockchain adoption. The reliability coefficient score of the survey was 0.89, indicating strong reliability. The findings reveal that blockchain technology significantly enhances the accuracy of financial reports by ensuring data immutability and facilitating real-time reporting. It is recommended that financial institutions in Ogun State invest in blockchain technology to improve the accuracy and reliability of their financial reporting.
Related Project Materials
CHARACTERIZATION OF PATIENTS WITH PEPTIC ULCER DISEASE IN NIGERIA: INFLUENCE OF LIFESTYLE, WEALTH, AND ENVIRONMENTAL FACTORS
ABSTRACT
Peptic ulcer disease is a disorder in the gastrointestinal tract. It is caused by an increase in stomach acid. There are only a...
THE INFLUENCE OF VOCATIONAL AND TECHNICAL EDUCATION ON EMPLOYABILITY SKILLS OF UNDERGRADUATE STUDENTS IN TERTIARY INSTITUTIONS IN KWARA STATE
Background of the study
Education in specialized trades and professions is almost certainly the source...
DESIGN AND CONSTRUCTION OF AUTOMATIC QUICK BUZZER SYSTEM
BACKGROUND OF THE STUDY
Quiz buzzers are used often at places like educational institutions where it is required for gam...
EFFECT OF POOR STUDY HABITS ON STUDENTS’ ACADEMIC PERFORMANCE
ABSTRACT
The Study habits of individual going through educational process are what will determine the study skills such...
AN ASSESSMENT ON THE IMPACT OF PERIODIC ASSESSMENT TEST ON THE ACADEMIC PERFORMANCE OF SENIOR SECONDARY SCHOOL STUDENTS
Background of the Study
Exams and assessments are an important part of our educational program. They ar...
APPLICATION OF STATISTICAL TECHNIQUES IN EXAMINING THE BENEFIT OF SMALL AND MEDIUM ENTERPRISE DEVELOPMENT AGENCY OF NIGERIA
Abstract
This study was carried out on Application of Statistical techniques in examinin...
THE ROLE OF EARLY CHILDHOOD EDUCATION (ECE) IN FOSTERING CRITICAL THINKING SKILLS AMONG NIGERIAN CHILDREN
Abstract: This research examines the role of early childhood education (ECE) in fostering critical thinking...
INFLUENCE OF EARLY CHILDHOOD EDUCATION ON DIETARY DIVERSITY
ABSTRACT: This study examines the influence of early childhood education on dietary diversity among young children. Early exposure to dietary...
COMPUTER BASE NETWORK SECURITY AND FIREWALLS IN BANKING SYSTEM
OBJECTIVE OF THE STUDY
Networking is the backbone of accessing vital information the world has becomes...
COSTUMING AN ABSURD PLAY: CASE STUDY OF SAMUEL BECKETT’S WAITING FOR GODOT
1 Background to the Study
This work attempts to throw more light on costuming an absurd play using Samuel Beckett&...
