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
maintenance management of tertiary institutions buildings
Statement of the Research Problem
Owolabi et al. (2014) observed that the major variables responsible for the inefficiency and ineffectiv...
THE ROLE OF INFORMATION SYSTEMS IN MARKETING STRATEGIES
THE ROLE OF INFORMATION SYSTEMS IN MARKETING STRATEGIES
Abstract: This study aimed to explore the...
EFFECT OF 2012 FLOOD DISASTER ON THE SOCIO-ECONOMIC CHARACTERISTICS OF CASSAVA FARMERS IN ETSAKO EAST LOCAL GOVERNMENT AREA, EDO STATE
The world at large has suffered natural disasters (flood) throughout its long history. They displace and disrupt thousands of families, and having...
EFFECT OF CONSTRUCTIVIST BASED TEACHING STRATEGY ON ACADEMIC PERFORMANCE OF JUNIOR SECONDARY SCHOOL STUDENTS
Background to the Study
In Nigeria, according to the National Policy on Education, (2004) one of the ma...
THE IMPACT OF INFORMATION AND COMMUNICATION TECHNOLOGY ON MARKETING PERFORMANCE IN MANUFACTURING FIRMS: A CASE STUDY OF PORT LAND CEMENT, SAGAMU PLANT
ABSTRACT
This study explores the impact of Information and Communication Technology (ICT) on marketing...
SOME PHARMACOLOGICAL PROPERTIES OF METHANOL EXTRACT OF ANISOPUS MANNII N.E.Br (ASCLEPIADACEAE) IN ALLOXAN-INDUCED HYPERGLYCAEMIC WISTAR RATS
ABSTRACT
Diabetes mellitus is a metabolic disorder that affects carbohydrates, lipids and proteins resulting in sustained hyperglycaemia...
THE IMPACT OF SOCIAL JUSTICE AND EQUITY IN EARLY CHILDHOOD EDUCATION
Abstract: This research investigates strategies to promote social justice and equity within early childhood educa...
THE EFFECTS OF SCHOOLS SUPERVISION ON ACADEMIC PERFORMANCE OF SECONDARY SCHOOL STUDENTS
Background Of The Study
Our civilization needs sufficient amounts of both human and material resources...
PROBLEMS OF FEMALE SECRETARIES IN BUSINESS ORGANIZATIONS (A Case Of NEPA)
ABSTRACT
This research work is aimed at defining the PROBLEMS OF FEMALE SECRETARIES IN BUSINESS ORGANIZATIONS A CASE OF...
IMPACT OF INDUSTRIAL CONFLICT MANAGEMENT ON EMPLOYEES PERFORMANCE
BACKGROUND TO THE STUDY
Industrial conflicts in organizations are inevitable. For employees to perform...
