ASSIGNMENT

For this paper, you will research blockchain in accounting and use the information you uncover to write a 5–10 page research paper detailing the topic. Submit the completed paper through this link. Make sure you are adhering to the guidelines included above.

RESEARCH blockchain, including what it is, how it works, and its impact (current and future) on the accounting profession. The following is a list of some good resources to start with:

Deloitte Development. (2017). Blockchain technology and its potential impact on the audit and assurance profession. https://www2.deloitte.com/bd/en/pages/audit/articles/gx-impact-of-blockchain-in-accounting.html
Kunselman, K. (2021, January 29). The future of blockchain in accountancy. Forbes. https://www.forbes.com/sites/forbesfinancecouncil/2021/01/29/the-future-of-blockchain-in-accountancy/?sh=4eb668191fd4
Singer, M. & Kusz, G. (2021, April 19). Blockchain technology: Shaping the future of the accountancy profession. International Federation of Accountants. https://www.ifac.org/knowledge-gateway/preparing-future-ready-professionals/discussion/blockchain-technology-shaping-future-accountancy-profession
Vasquez, G. (2021, August). An introduction to blockchain. CPA Journal. https://www.cpajournal.com/2021/08/18/an-introduction-to-blockchain/
Institute of Chartered Accountants in England and Wales [ICAEW]. (2018). Blockchain and the future of accountancy. https://www.icaew.com/-/media/corporate/files/technical/technology/thought-leadership/blockchain-and-the-future-of-accountancy.ashx

WRITE a well-developed paper that thoroughly discusses blockchain and accounting. You may use the following prompts to begin your research and writing. You are not required to cover all of these prompts; they are just ideas to help you get started.

Feel free to be creative and write about what interests you most about the topic, so long as you remain on the topic of blockchain in accounting.
What is blockchain?

Where and when did blockchain originate? And for what purpose?

How does blockchain work?

What is the future of blockchain technology?

What is the impact of blockchain on the accounting function?

What are the auditing considerations associated with blockchain?

How does blockchain facilitate the financial reporting of cryptoassets?

What rules or regulations govern blockchain?

What impact does blockchain have on the security of financial information?

How secure is blockchain compared to other accounting systems?

What is decentralized security, and is it foolproof?

Is blockchain immune to hacking?

How prevalent is blockchain in accounting?

This is not a required or exhaustive list.

he Research Paper due dates are included in the Course Schedule under the Syllabus and Schedule on the main navigation menu.
The requirement of these assignments is to research the topic identified and submit a Microsoft Word file that includes responses to the associated prompts. Submit the completed assignment (in Microsoft Word) through the designated submission areas. The rubric used in grading the Research Paper is attached.
Being able to conduct independent research is a necessary skill in accounting. This research paper is designed to give you practice in locating, understanding, and explaining accounting information in a way that authentically extends the course content and purpose.
Write a well-developed paper of at least five pages, but no more than ten pages. Write the paper as if the reader does not have access to the prompts or instructions of the assignment. The research paper should add value on its own. Consider the following guidelines:
Use Microsoft Word.
At least 5 pages but no more than 10 pages of content (not including a reference page, title page, appendices, or other pages you choose to include).
APA, 7th edition, is required for the research papers.
Double-spaced, according to APA.
Consider using appropriate headings in the paper that will provide the reader with an easy way to find distinct topics in the paper (see APA guidelines).
Use an APA-appropriate font and size.
Cite your sources and include a reference page, formatted according to APA. You should have a minimum of ten (10) sources (your textbook and the sources provided in the assignment can be included in your sources).