SlideShare a Scribd company logo
How Blockchain Enhance Accounting
Profession?
blockchainexpert.uk
INTRODUCTION
Needless to say, Blockchain is an accounting innovation that broadly looks into the exchange of money
related data and the ownership of assets. Blockchain maintains a ledger of every transaction taking place
in business be it the financial information or the asset transfer information.
Utilizing the technology blockchain, the accounts can assuredly attain the clearness over ownership of
assets and presence of commitments, thereby significantly improve the proficiency of every undertaking
happening in the business. The distributed ledger technology indeed keeps the potential to enhance the
accounting profession via bringing down the maintenance costs of ledgers, keeping the transaction
histories intact, also providing absolute certainty over ownership of assets.
The distributed ledger technology gives insight to accountants the available resources and obligations of
their company. In addition via infusing additional trends such as Artificial Intelligence in Blockchain, one
can prompt increasingly more value-based bookkeeping.
For instance, blockchain makes the presence of an indebted person certain, yet its recoverable worth
and financial worth are as yet easy to refute. What's more, a benefit's possession may be undeniable by
blockchain records, however, its condition, area, and genuine worth will, in any case, should be
guaranteed.
Via offering sureness over exchange history, blockchain could likewise increase the scope or extent of
accounting, bringing more regions into thought that are by and by regarded excessively troublesome or
inconsistent to quantify, for example, the estimation of the information that an organization holds.
Blockchain say adieu to reconciliation work. For instance, in due persistence in mergers and acquisitions,
dispersed agreement over key figures enables more opportunity to be spent on judgmental zones and
guidance, and a general quicker process.
Implications of blockchain for auditors
Even the external audits are blessed with blockchain technology. With every transaction neatly placed
under the blockchain network, performing confirmation of the organization’s financial status becomes
less important. This proposition would mean a significant change in the manner that audit reviews work.
The transactional level assertions in an audit is also made simpler via technology of blockchain with
combining right data analytics. This way auditor’s skills are better channelized towards considering
high-level questions. With blockchain in place, the auditors get more time to focus on high-level matters
that demand intensive knowledge of the business. Thus the technology of blockchain promises to shed
significant opportunities to the accounting processes.
Current Scenario of Blockchain in Accounting profession.
When it comes to Blockchain implementation across different industries, the distributed ledger
technology is still seen to be in its infancy stage. Even the Bitcoin, the early invention of blockchain, is
underdoing changes every now and then in its architecture.
Though blockchain has made its presence in almost every industry, the majority are in the pilot
study stage. No large numbers are beyond the proof of concept, leaving us uncertain on what can be the
future with blockchain.
Accounting profession is no different from this. Accounting is one kind of profession that demands
extreme preciseness and certainty. To fully back the profession with blockchain, there should be crafted
certain regulations and accounting standards. This is indeed a great challenge to the developer
community.
Implying logic and standard-setting in accounting profession, urges a development of robust,
fool-proof blockchain solution and service. To build the same, it is an investment of long time run and
energy.
Blockchain led changes in accounting profession
1. Unlike traditional, blockchain and smart contract will undertake asset transactions and transactional
assurances.
2. Blockchain will minimalize the need of reconciliation and dispute management in business, giving more
time to accountants for look after other majors.
3. Infusion of machine learning or Artificial Intelligence, blockchain is expected to optimize every
day-to-day accounting processes in the company.
4. Efficiency enhancement and value added accounting in businesses.
Click here to read more about : How Blockchain Enhance Accounting Profession?
Cybrosys Limited
Alpha House,
100 Borough High Street,
London, Greater London
SE1 1LB, United Kingdom
Thank You !
info@blockchainexpert.uk
Mail UsUK Phone
+44 7414439281

More Related Content

What's hot

Blockchain in banking sector
Blockchain in banking sectorBlockchain in banking sector
Blockchain in banking sector
Djax technologies
 
Overcoming the Barriers to Blockchain Adoption
Overcoming the Barriers to Blockchain AdoptionOvercoming the Barriers to Blockchain Adoption
Overcoming the Barriers to Blockchain Adoption
MongoDB
 
Real world
Real worldReal world
Real world
OliviaJune1
 
Blockchain Technology and Its Application in Libraries
Blockchain Technology and Its Application in LibrariesBlockchain Technology and Its Application in Libraries
Blockchain Technology and Its Application in Libraries
Nabi Hasan
 
Blockchain Technology
Blockchain TechnologyBlockchain Technology
Blockchain Technology
Mithileysh Sathiyanarayanan
 
Blockchain
BlockchainBlockchain
Blockchain
Liam Moore
 
Distributed Ledger Technology (DLT) beyond blockchain #BlockchainSubmit
Distributed Ledger Technology (DLT) beyond blockchain #BlockchainSubmitDistributed Ledger Technology (DLT) beyond blockchain #BlockchainSubmit
Distributed Ledger Technology (DLT) beyond blockchain #BlockchainSubmit
Pablo Junco
 
Blockchain Technology A game-changer in accounting ?
Blockchain Technology A game-changer in accounting ?Blockchain Technology A game-changer in accounting ?
Blockchain Technology A game-changer in accounting ?
Ian Beckett
 
Introduction to Blockchain Technology
Introduction to Blockchain TechnologyIntroduction to Blockchain Technology
Introduction to Blockchain Technology
snehal_152
 
Blockchain: The New Technology of Trust
Blockchain: The New Technology of TrustBlockchain: The New Technology of Trust
Blockchain: The New Technology of Trust
Macha Pujitha
 
Estate Exchange - Real-Estate Blockchain Slide (git)
Estate Exchange - Real-Estate Blockchain Slide (git)Estate Exchange - Real-Estate Blockchain Slide (git)
Estate Exchange - Real-Estate Blockchain Slide (git)
James Neo
 
Blockchain Essentials and Blockchain on Azure
Blockchain Essentials and Blockchain on AzureBlockchain Essentials and Blockchain on Azure
Blockchain Essentials and Blockchain on Azure
Nuri Cankaya
 
How does blockchain work
How does blockchain workHow does blockchain work
How does blockchain work
Shishir Aryal
 
Microsoft Accelerator event- Blockchain technology from disruptive concept to...
Microsoft Accelerator event- Blockchain technology from disruptive concept to...Microsoft Accelerator event- Blockchain technology from disruptive concept to...
Microsoft Accelerator event- Blockchain technology from disruptive concept to...
Hila Bar
 
Blockchain for Digital Transformation in Banking
Blockchain for Digital Transformation in Banking Blockchain for Digital Transformation in Banking
Blockchain for Digital Transformation in Banking
Floyd DCosta
 
Blockchain Technology in Banking
Blockchain Technology in Banking Blockchain Technology in Banking
Blockchain Technology in Banking
Eleni Karampini
 
Blockchain in banking
Blockchain in bankingBlockchain in banking
Blockchain in banking
zaarahary
 
Blockchain
BlockchainBlockchain
Doing Business of Blockchain in India
Doing Business of Blockchain in IndiaDoing Business of Blockchain in India
Doing Business of Blockchain in India
EquiCorp Associates
 
The Microsoft vision for Blockchain
The Microsoft vision for BlockchainThe Microsoft vision for Blockchain
The Microsoft vision for Blockchain
ASPEX_BE
 

What's hot (20)

Blockchain in banking sector
Blockchain in banking sectorBlockchain in banking sector
Blockchain in banking sector
 
Overcoming the Barriers to Blockchain Adoption
Overcoming the Barriers to Blockchain AdoptionOvercoming the Barriers to Blockchain Adoption
Overcoming the Barriers to Blockchain Adoption
 
Real world
Real worldReal world
Real world
 
Blockchain Technology and Its Application in Libraries
Blockchain Technology and Its Application in LibrariesBlockchain Technology and Its Application in Libraries
Blockchain Technology and Its Application in Libraries
 
Blockchain Technology
Blockchain TechnologyBlockchain Technology
Blockchain Technology
 
Blockchain
BlockchainBlockchain
Blockchain
 
Distributed Ledger Technology (DLT) beyond blockchain #BlockchainSubmit
Distributed Ledger Technology (DLT) beyond blockchain #BlockchainSubmitDistributed Ledger Technology (DLT) beyond blockchain #BlockchainSubmit
Distributed Ledger Technology (DLT) beyond blockchain #BlockchainSubmit
 
Blockchain Technology A game-changer in accounting ?
Blockchain Technology A game-changer in accounting ?Blockchain Technology A game-changer in accounting ?
Blockchain Technology A game-changer in accounting ?
 
Introduction to Blockchain Technology
Introduction to Blockchain TechnologyIntroduction to Blockchain Technology
Introduction to Blockchain Technology
 
Blockchain: The New Technology of Trust
Blockchain: The New Technology of TrustBlockchain: The New Technology of Trust
Blockchain: The New Technology of Trust
 
Estate Exchange - Real-Estate Blockchain Slide (git)
Estate Exchange - Real-Estate Blockchain Slide (git)Estate Exchange - Real-Estate Blockchain Slide (git)
Estate Exchange - Real-Estate Blockchain Slide (git)
 
Blockchain Essentials and Blockchain on Azure
Blockchain Essentials and Blockchain on AzureBlockchain Essentials and Blockchain on Azure
Blockchain Essentials and Blockchain on Azure
 
How does blockchain work
How does blockchain workHow does blockchain work
How does blockchain work
 
Microsoft Accelerator event- Blockchain technology from disruptive concept to...
Microsoft Accelerator event- Blockchain technology from disruptive concept to...Microsoft Accelerator event- Blockchain technology from disruptive concept to...
Microsoft Accelerator event- Blockchain technology from disruptive concept to...
 
Blockchain for Digital Transformation in Banking
Blockchain for Digital Transformation in Banking Blockchain for Digital Transformation in Banking
Blockchain for Digital Transformation in Banking
 
Blockchain Technology in Banking
Blockchain Technology in Banking Blockchain Technology in Banking
Blockchain Technology in Banking
 
Blockchain in banking
Blockchain in bankingBlockchain in banking
Blockchain in banking
 
Blockchain
BlockchainBlockchain
Blockchain
 
Doing Business of Blockchain in India
Doing Business of Blockchain in IndiaDoing Business of Blockchain in India
Doing Business of Blockchain in India
 
The Microsoft vision for Blockchain
The Microsoft vision for BlockchainThe Microsoft vision for Blockchain
The Microsoft vision for Blockchain
 

Similar to How blockchain enhance accounting profession?

Assessing blockchain opportunities | Blockchain Opportunities
Assessing blockchain opportunities | Blockchain OpportunitiesAssessing blockchain opportunities | Blockchain Opportunities
Assessing blockchain opportunities | Blockchain Opportunities
aakash malhotra
 
How Blockchain can bring Greater Value to Procure to Pay Processes
How Blockchain can bring Greater Value to Procure to Pay ProcessesHow Blockchain can bring Greater Value to Procure to Pay Processes
How Blockchain can bring Greater Value to Procure to Pay Processes
accenture
 
What is the Significance of Blockchain Development Solutions for Businesses.pdf
What is the Significance of Blockchain Development Solutions for Businesses.pdfWhat is the Significance of Blockchain Development Solutions for Businesses.pdf
What is the Significance of Blockchain Development Solutions for Businesses.pdf
primafelicitas
 
Blockchain Technology - A game-changer in accounting?
Blockchain Technology - A game-changer in accounting?Blockchain Technology - A game-changer in accounting?
Blockchain Technology - A game-changer in accounting?
Robert Bratusa Brant
 
Cryptocurrency and blockchain — what is the best way to buy bitcoin in canada
Cryptocurrency and blockchain — what is the best way to buy bitcoin in canadaCryptocurrency and blockchain — what is the best way to buy bitcoin in canada
Cryptocurrency and blockchain — what is the best way to buy bitcoin in canada
Bitcoin Wallet Canada
 
How will Blockchain Transform Banking, Financial Services, and FinTech in the...
How will Blockchain Transform Banking, Financial Services, and FinTech in the...How will Blockchain Transform Banking, Financial Services, and FinTech in the...
How will Blockchain Transform Banking, Financial Services, and FinTech in the...
Richestsoft
 
How Blockchain In Supply Chain Can Help Overcome.pdf
How Blockchain In Supply Chain Can Help Overcome.pdfHow Blockchain In Supply Chain Can Help Overcome.pdf
How Blockchain In Supply Chain Can Help Overcome.pdf
Mindfire LLC
 
How blockchain is solving regulatory compliance pain points
How blockchain is solving regulatory compliance pain pointsHow blockchain is solving regulatory compliance pain points
How blockchain is solving regulatory compliance pain points
Group50 Consulting
 
Enhance Your Career With An Online Degree In Blockchain For Business
Enhance Your Career With An Online Degree In Blockchain For BusinessEnhance Your Career With An Online Degree In Blockchain For Business
Enhance Your Career With An Online Degree In Blockchain For Business
Blockchain Council
 
Application of blockchain in manufacturing industry
Application of blockchain in manufacturing industryApplication of blockchain in manufacturing industry
Application of blockchain in manufacturing industry
Celine George
 
All about Blockchain Technology and it's applications in Finance function
All about Blockchain Technology and it's applications in Finance functionAll about Blockchain Technology and it's applications in Finance function
All about Blockchain Technology and it's applications in Finance function
vinodavg
 
Blockchain: Instead of Why, Ask Why Not?
Blockchain: Instead of Why, Ask Why Not?Blockchain: Instead of Why, Ask Why Not?
Blockchain: Instead of Why, Ask Why Not?
Cognizant
 
All about Blockchain Technology and it's applications in Finance function
All about Blockchain Technology and it's applications in Finance functionAll about Blockchain Technology and it's applications in Finance function
All about Blockchain Technology and it's applications in Finance function
vinodavg
 
Uses Of Blockchain Technology In Trade Finance.docx
Uses Of Blockchain Technology In Trade Finance.docxUses Of Blockchain Technology In Trade Finance.docx
Uses Of Blockchain Technology In Trade Finance.docx
SameerShaik43
 
Blockchain for B2B solutions
Blockchain for B2B solutionsBlockchain for B2B solutions
Blockchain for B2B solutions
Celine George
 
What's in Blockchain For Chartered Accountants
What's in Blockchain For Chartered AccountantsWhat's in Blockchain For Chartered Accountants
What's in Blockchain For Chartered Accountants
ABHISHEK JAIN
 
Blockchain Development Company In Mohali Wisewaytec.pptx
Blockchain Development Company In Mohali Wisewaytec.pptxBlockchain Development Company In Mohali Wisewaytec.pptx
Blockchain Development Company In Mohali Wisewaytec.pptx
Wiseway Tec
 
Blockchain in Audit
Blockchain in AuditBlockchain in Audit
Blockchain in Audit
Farjad Noor
 
What Are The Features Of Blockchain Technology.docx
What Are The Features Of Blockchain Technology.docxWhat Are The Features Of Blockchain Technology.docx
What Are The Features Of Blockchain Technology.docx
Mavie Crypto
 
What Are The Features Of Blockchain Technology..pdf
What Are The Features Of Blockchain Technology..pdfWhat Are The Features Of Blockchain Technology..pdf
What Are The Features Of Blockchain Technology..pdf
Mavie Crypto
 

Similar to How blockchain enhance accounting profession? (20)

Assessing blockchain opportunities | Blockchain Opportunities
Assessing blockchain opportunities | Blockchain OpportunitiesAssessing blockchain opportunities | Blockchain Opportunities
Assessing blockchain opportunities | Blockchain Opportunities
 
How Blockchain can bring Greater Value to Procure to Pay Processes
How Blockchain can bring Greater Value to Procure to Pay ProcessesHow Blockchain can bring Greater Value to Procure to Pay Processes
How Blockchain can bring Greater Value to Procure to Pay Processes
 
What is the Significance of Blockchain Development Solutions for Businesses.pdf
What is the Significance of Blockchain Development Solutions for Businesses.pdfWhat is the Significance of Blockchain Development Solutions for Businesses.pdf
What is the Significance of Blockchain Development Solutions for Businesses.pdf
 
Blockchain Technology - A game-changer in accounting?
Blockchain Technology - A game-changer in accounting?Blockchain Technology - A game-changer in accounting?
Blockchain Technology - A game-changer in accounting?
 
Cryptocurrency and blockchain — what is the best way to buy bitcoin in canada
Cryptocurrency and blockchain — what is the best way to buy bitcoin in canadaCryptocurrency and blockchain — what is the best way to buy bitcoin in canada
Cryptocurrency and blockchain — what is the best way to buy bitcoin in canada
 
How will Blockchain Transform Banking, Financial Services, and FinTech in the...
How will Blockchain Transform Banking, Financial Services, and FinTech in the...How will Blockchain Transform Banking, Financial Services, and FinTech in the...
How will Blockchain Transform Banking, Financial Services, and FinTech in the...
 
How Blockchain In Supply Chain Can Help Overcome.pdf
How Blockchain In Supply Chain Can Help Overcome.pdfHow Blockchain In Supply Chain Can Help Overcome.pdf
How Blockchain In Supply Chain Can Help Overcome.pdf
 
How blockchain is solving regulatory compliance pain points
How blockchain is solving regulatory compliance pain pointsHow blockchain is solving regulatory compliance pain points
How blockchain is solving regulatory compliance pain points
 
Enhance Your Career With An Online Degree In Blockchain For Business
Enhance Your Career With An Online Degree In Blockchain For BusinessEnhance Your Career With An Online Degree In Blockchain For Business
Enhance Your Career With An Online Degree In Blockchain For Business
 
Application of blockchain in manufacturing industry
Application of blockchain in manufacturing industryApplication of blockchain in manufacturing industry
Application of blockchain in manufacturing industry
 
All about Blockchain Technology and it's applications in Finance function
All about Blockchain Technology and it's applications in Finance functionAll about Blockchain Technology and it's applications in Finance function
All about Blockchain Technology and it's applications in Finance function
 
Blockchain: Instead of Why, Ask Why Not?
Blockchain: Instead of Why, Ask Why Not?Blockchain: Instead of Why, Ask Why Not?
Blockchain: Instead of Why, Ask Why Not?
 
All about Blockchain Technology and it's applications in Finance function
All about Blockchain Technology and it's applications in Finance functionAll about Blockchain Technology and it's applications in Finance function
All about Blockchain Technology and it's applications in Finance function
 
Uses Of Blockchain Technology In Trade Finance.docx
Uses Of Blockchain Technology In Trade Finance.docxUses Of Blockchain Technology In Trade Finance.docx
Uses Of Blockchain Technology In Trade Finance.docx
 
Blockchain for B2B solutions
Blockchain for B2B solutionsBlockchain for B2B solutions
Blockchain for B2B solutions
 
What's in Blockchain For Chartered Accountants
What's in Blockchain For Chartered AccountantsWhat's in Blockchain For Chartered Accountants
What's in Blockchain For Chartered Accountants
 
Blockchain Development Company In Mohali Wisewaytec.pptx
Blockchain Development Company In Mohali Wisewaytec.pptxBlockchain Development Company In Mohali Wisewaytec.pptx
Blockchain Development Company In Mohali Wisewaytec.pptx
 
Blockchain in Audit
Blockchain in AuditBlockchain in Audit
Blockchain in Audit
 
What Are The Features Of Blockchain Technology.docx
What Are The Features Of Blockchain Technology.docxWhat Are The Features Of Blockchain Technology.docx
What Are The Features Of Blockchain Technology.docx
 
What Are The Features Of Blockchain Technology..pdf
What Are The Features Of Blockchain Technology..pdfWhat Are The Features Of Blockchain Technology..pdf
What Are The Features Of Blockchain Technology..pdf
 

More from Celine George

How to Use Pre Init hook in Odoo 17 -Odoo 17 Slides
How to Use Pre Init hook in Odoo 17 -Odoo 17 SlidesHow to Use Pre Init hook in Odoo 17 -Odoo 17 Slides
How to Use Pre Init hook in Odoo 17 -Odoo 17 Slides
Celine George
 
Demonstration module in Odoo 17 - Odoo 17 Slides
Demonstration module in Odoo 17 - Odoo 17 SlidesDemonstration module in Odoo 17 - Odoo 17 Slides
Demonstration module in Odoo 17 - Odoo 17 Slides
Celine George
 
How to Activate & Create Sales Receipts in Odoo 17
How to Activate & Create Sales Receipts in Odoo 17How to Activate & Create Sales Receipts in Odoo 17
How to Activate & Create Sales Receipts in Odoo 17
Celine George
 
Odoo 17 Events - Attendees List Scanning
Odoo 17 Events - Attendees List ScanningOdoo 17 Events - Attendees List Scanning
Odoo 17 Events - Attendees List Scanning
Celine George
 
E-learning Odoo 17 New features - Odoo 17 Slides
E-learning Odoo 17  New features - Odoo 17 SlidesE-learning Odoo 17  New features - Odoo 17 Slides
E-learning Odoo 17 New features - Odoo 17 Slides
Celine George
 
Mail Server Configuration Using App passwords in Odoo 17
Mail Server Configuration Using App passwords in Odoo 17Mail Server Configuration Using App passwords in Odoo 17
Mail Server Configuration Using App passwords in Odoo 17
Celine George
 
View Inheritance in Odoo 17 - Odoo 17 Slides
View Inheritance in Odoo 17 - Odoo 17  SlidesView Inheritance in Odoo 17 - Odoo 17  Slides
View Inheritance in Odoo 17 - Odoo 17 Slides
Celine George
 
How to Manage Line Discount in Odoo 17 POS
How to Manage Line Discount in Odoo 17 POSHow to Manage Line Discount in Odoo 17 POS
How to Manage Line Discount in Odoo 17 POS
Celine George
 
How to Manage Access Rights & User Types in Odoo 17
How to Manage Access Rights & User Types in Odoo 17How to Manage Access Rights & User Types in Odoo 17
How to Manage Access Rights & User Types in Odoo 17
Celine George
 
How to Manage Shipping Connectors & Shipping Methods in Odoo 17
How to Manage Shipping Connectors & Shipping Methods in Odoo 17How to Manage Shipping Connectors & Shipping Methods in Odoo 17
How to Manage Shipping Connectors & Shipping Methods in Odoo 17
Celine George
 
How to Empty a One2Many Field in Odoo 17
How to Empty a One2Many Field in Odoo 17How to Empty a One2Many Field in Odoo 17
How to Empty a One2Many Field in Odoo 17
Celine George
 
New Features in Odoo 17 Sign - Odoo 17 Slides
New Features in Odoo 17 Sign - Odoo 17 SlidesNew Features in Odoo 17 Sign - Odoo 17 Slides
New Features in Odoo 17 Sign - Odoo 17 Slides
Celine George
 
How to Manage Early Receipt Printing in Odoo 17 POS
How to Manage Early Receipt Printing in Odoo 17 POSHow to Manage Early Receipt Printing in Odoo 17 POS
How to Manage Early Receipt Printing in Odoo 17 POS
Celine George
 
What is Rescue Session in Odoo 17 POS - Odoo 17 Slides
What is Rescue Session in Odoo 17 POS - Odoo 17 SlidesWhat is Rescue Session in Odoo 17 POS - Odoo 17 Slides
What is Rescue Session in Odoo 17 POS - Odoo 17 Slides
Celine George
 
How to Add a Filter in the Odoo 17 - Odoo 17 Slides
How to Add a Filter in the Odoo 17 - Odoo 17 SlidesHow to Add a Filter in the Odoo 17 - Odoo 17 Slides
How to Add a Filter in the Odoo 17 - Odoo 17 Slides
Celine George
 
How to Create & Publish a Blog in Odoo 17 Website
How to Create & Publish a Blog in Odoo 17 WebsiteHow to Create & Publish a Blog in Odoo 17 Website
How to Create & Publish a Blog in Odoo 17 Website
Celine George
 
How To Update One2many Field From OnChange of Field in Odoo 17
How To Update One2many Field From OnChange of Field in Odoo 17How To Update One2many Field From OnChange of Field in Odoo 17
How To Update One2many Field From OnChange of Field in Odoo 17
Celine George
 
How to Manage Large Scrollbar in Odoo 17 POS
How to Manage Large Scrollbar in Odoo 17 POSHow to Manage Large Scrollbar in Odoo 17 POS
How to Manage Large Scrollbar in Odoo 17 POS
Celine George
 
How to Create a New Article in Knowledge App in Odoo 17
How to Create a New Article in Knowledge App in Odoo 17How to Create a New Article in Knowledge App in Odoo 17
How to Create a New Article in Knowledge App in Odoo 17
Celine George
 
Odoo 17 Social Marketing - Lead Generation On Facebook
Odoo 17 Social Marketing - Lead Generation On FacebookOdoo 17 Social Marketing - Lead Generation On Facebook
Odoo 17 Social Marketing - Lead Generation On Facebook
Celine George
 

More from Celine George (20)

How to Use Pre Init hook in Odoo 17 -Odoo 17 Slides
How to Use Pre Init hook in Odoo 17 -Odoo 17 SlidesHow to Use Pre Init hook in Odoo 17 -Odoo 17 Slides
How to Use Pre Init hook in Odoo 17 -Odoo 17 Slides
 
Demonstration module in Odoo 17 - Odoo 17 Slides
Demonstration module in Odoo 17 - Odoo 17 SlidesDemonstration module in Odoo 17 - Odoo 17 Slides
Demonstration module in Odoo 17 - Odoo 17 Slides
 
How to Activate & Create Sales Receipts in Odoo 17
How to Activate & Create Sales Receipts in Odoo 17How to Activate & Create Sales Receipts in Odoo 17
How to Activate & Create Sales Receipts in Odoo 17
 
Odoo 17 Events - Attendees List Scanning
Odoo 17 Events - Attendees List ScanningOdoo 17 Events - Attendees List Scanning
Odoo 17 Events - Attendees List Scanning
 
E-learning Odoo 17 New features - Odoo 17 Slides
E-learning Odoo 17  New features - Odoo 17 SlidesE-learning Odoo 17  New features - Odoo 17 Slides
E-learning Odoo 17 New features - Odoo 17 Slides
 
Mail Server Configuration Using App passwords in Odoo 17
Mail Server Configuration Using App passwords in Odoo 17Mail Server Configuration Using App passwords in Odoo 17
Mail Server Configuration Using App passwords in Odoo 17
 
View Inheritance in Odoo 17 - Odoo 17 Slides
View Inheritance in Odoo 17 - Odoo 17  SlidesView Inheritance in Odoo 17 - Odoo 17  Slides
View Inheritance in Odoo 17 - Odoo 17 Slides
 
How to Manage Line Discount in Odoo 17 POS
How to Manage Line Discount in Odoo 17 POSHow to Manage Line Discount in Odoo 17 POS
How to Manage Line Discount in Odoo 17 POS
 
How to Manage Access Rights & User Types in Odoo 17
How to Manage Access Rights & User Types in Odoo 17How to Manage Access Rights & User Types in Odoo 17
How to Manage Access Rights & User Types in Odoo 17
 
How to Manage Shipping Connectors & Shipping Methods in Odoo 17
How to Manage Shipping Connectors & Shipping Methods in Odoo 17How to Manage Shipping Connectors & Shipping Methods in Odoo 17
How to Manage Shipping Connectors & Shipping Methods in Odoo 17
 
How to Empty a One2Many Field in Odoo 17
How to Empty a One2Many Field in Odoo 17How to Empty a One2Many Field in Odoo 17
How to Empty a One2Many Field in Odoo 17
 
New Features in Odoo 17 Sign - Odoo 17 Slides
New Features in Odoo 17 Sign - Odoo 17 SlidesNew Features in Odoo 17 Sign - Odoo 17 Slides
New Features in Odoo 17 Sign - Odoo 17 Slides
 
How to Manage Early Receipt Printing in Odoo 17 POS
How to Manage Early Receipt Printing in Odoo 17 POSHow to Manage Early Receipt Printing in Odoo 17 POS
How to Manage Early Receipt Printing in Odoo 17 POS
 
What is Rescue Session in Odoo 17 POS - Odoo 17 Slides
What is Rescue Session in Odoo 17 POS - Odoo 17 SlidesWhat is Rescue Session in Odoo 17 POS - Odoo 17 Slides
What is Rescue Session in Odoo 17 POS - Odoo 17 Slides
 
How to Add a Filter in the Odoo 17 - Odoo 17 Slides
How to Add a Filter in the Odoo 17 - Odoo 17 SlidesHow to Add a Filter in the Odoo 17 - Odoo 17 Slides
How to Add a Filter in the Odoo 17 - Odoo 17 Slides
 
How to Create & Publish a Blog in Odoo 17 Website
How to Create & Publish a Blog in Odoo 17 WebsiteHow to Create & Publish a Blog in Odoo 17 Website
How to Create & Publish a Blog in Odoo 17 Website
 
How To Update One2many Field From OnChange of Field in Odoo 17
How To Update One2many Field From OnChange of Field in Odoo 17How To Update One2many Field From OnChange of Field in Odoo 17
How To Update One2many Field From OnChange of Field in Odoo 17
 
How to Manage Large Scrollbar in Odoo 17 POS
How to Manage Large Scrollbar in Odoo 17 POSHow to Manage Large Scrollbar in Odoo 17 POS
How to Manage Large Scrollbar in Odoo 17 POS
 
How to Create a New Article in Knowledge App in Odoo 17
How to Create a New Article in Knowledge App in Odoo 17How to Create a New Article in Knowledge App in Odoo 17
How to Create a New Article in Knowledge App in Odoo 17
 
Odoo 17 Social Marketing - Lead Generation On Facebook
Odoo 17 Social Marketing - Lead Generation On FacebookOdoo 17 Social Marketing - Lead Generation On Facebook
Odoo 17 Social Marketing - Lead Generation On Facebook
 

Recently uploaded

How Social Media Hackers Help You to See Your Wife's Message.pdf
How Social Media Hackers Help You to See Your Wife's Message.pdfHow Social Media Hackers Help You to See Your Wife's Message.pdf
How Social Media Hackers Help You to See Your Wife's Message.pdf
HackersList
 
leewayhertz.com-AI agents for healthcare Applications benefits and implementa...
leewayhertz.com-AI agents for healthcare Applications benefits and implementa...leewayhertz.com-AI agents for healthcare Applications benefits and implementa...
leewayhertz.com-AI agents for healthcare Applications benefits and implementa...
alexjohnson7307
 
(CISOPlatform Summit & SACON 2024) Digital Personal Data Protection Act.pdf
(CISOPlatform Summit & SACON 2024) Digital Personal Data Protection Act.pdf(CISOPlatform Summit & SACON 2024) Digital Personal Data Protection Act.pdf
(CISOPlatform Summit & SACON 2024) Digital Personal Data Protection Act.pdf
Priyanka Aash
 
"Mastering Graphic Design: Essential Tips and Tricks for Beginners and Profes...
"Mastering Graphic Design: Essential Tips and Tricks for Beginners and Profes..."Mastering Graphic Design: Essential Tips and Tricks for Beginners and Profes...
"Mastering Graphic Design: Essential Tips and Tricks for Beginners and Profes...
Anant Gupta
 
BT & Neo4j: Knowledge Graphs for Critical Enterprise Systems.pptx.pdf
BT & Neo4j: Knowledge Graphs for Critical Enterprise Systems.pptx.pdfBT & Neo4j: Knowledge Graphs for Critical Enterprise Systems.pptx.pdf
BT & Neo4j: Knowledge Graphs for Critical Enterprise Systems.pptx.pdf
Neo4j
 
July Patch Tuesday
July Patch TuesdayJuly Patch Tuesday
July Patch Tuesday
Ivanti
 
Calgary MuleSoft Meetup APM and IDP .pptx
Calgary MuleSoft Meetup APM and IDP .pptxCalgary MuleSoft Meetup APM and IDP .pptx
Calgary MuleSoft Meetup APM and IDP .pptx
ishalveerrandhawa1
 
High Profile Girls Call ServiCe Hyderabad 0000000000 Tanisha Best High Class ...
High Profile Girls Call ServiCe Hyderabad 0000000000 Tanisha Best High Class ...High Profile Girls Call ServiCe Hyderabad 0000000000 Tanisha Best High Class ...
High Profile Girls Call ServiCe Hyderabad 0000000000 Tanisha Best High Class ...
aslasdfmkhan4750
 
Using LLM Agents with Llama 3, LangGraph and Milvus
Using LLM Agents with Llama 3, LangGraph and MilvusUsing LLM Agents with Llama 3, LangGraph and Milvus
Using LLM Agents with Llama 3, LangGraph and Milvus
Zilliz
 
Litestack talk at Brighton 2024 (Unleashing the power of SQLite for Ruby apps)
Litestack talk at Brighton 2024 (Unleashing the power of SQLite for Ruby apps)Litestack talk at Brighton 2024 (Unleashing the power of SQLite for Ruby apps)
Litestack talk at Brighton 2024 (Unleashing the power of SQLite for Ruby apps)
Muhammad Ali
 
IPLOOK Remote-Sensing Satellite Solution
IPLOOK Remote-Sensing Satellite SolutionIPLOOK Remote-Sensing Satellite Solution
IPLOOK Remote-Sensing Satellite Solution
IPLOOK Networks
 
Google I/O Extended Harare Merged Slides
Google I/O Extended Harare Merged SlidesGoogle I/O Extended Harare Merged Slides
Google I/O Extended Harare Merged Slides
Google Developer Group - Harare
 
Evolution of iPaaS - simplify IT workloads to provide a unified view of data...
Evolution of iPaaS - simplify IT workloads to provide a unified view of  data...Evolution of iPaaS - simplify IT workloads to provide a unified view of  data...
Evolution of iPaaS - simplify IT workloads to provide a unified view of data...
Torry Harris
 
Use Cases & Benefits of RPA in Manufacturing in 2024.pptx
Use Cases & Benefits of RPA in Manufacturing in 2024.pptxUse Cases & Benefits of RPA in Manufacturing in 2024.pptx
Use Cases & Benefits of RPA in Manufacturing in 2024.pptx
SynapseIndia
 
Salesforce AI & Einstein Copilot Workshop
Salesforce AI & Einstein Copilot WorkshopSalesforce AI & Einstein Copilot Workshop
Salesforce AI & Einstein Copilot Workshop
CEPTES Software Inc
 
High Profile Girls call Service Pune 000XX00000 Provide Best And Top Girl Ser...
High Profile Girls call Service Pune 000XX00000 Provide Best And Top Girl Ser...High Profile Girls call Service Pune 000XX00000 Provide Best And Top Girl Ser...
High Profile Girls call Service Pune 000XX00000 Provide Best And Top Girl Ser...
bhumivarma35300
 
EuroPython 2024 - Streamlining Testing in a Large Python Codebase
EuroPython 2024 - Streamlining Testing in a Large Python CodebaseEuroPython 2024 - Streamlining Testing in a Large Python Codebase
EuroPython 2024 - Streamlining Testing in a Large Python Codebase
Jimmy Lai
 
Scaling Connections in PostgreSQL Postgres Bangalore(PGBLR) Meetup-2 - Mydbops
Scaling Connections in PostgreSQL Postgres Bangalore(PGBLR) Meetup-2 - MydbopsScaling Connections in PostgreSQL Postgres Bangalore(PGBLR) Meetup-2 - Mydbops
Scaling Connections in PostgreSQL Postgres Bangalore(PGBLR) Meetup-2 - Mydbops
Mydbops
 
Girls Call Churchgate 9910780858 Provide Best And Top Girl Service And No1 in...
Girls Call Churchgate 9910780858 Provide Best And Top Girl Service And No1 in...Girls Call Churchgate 9910780858 Provide Best And Top Girl Service And No1 in...
Girls Call Churchgate 9910780858 Provide Best And Top Girl Service And No1 in...
maigasapphire
 
[Talk] Moving Beyond Spaghetti Infrastructure [AOTB] 2024-07-04.pdf
[Talk] Moving Beyond Spaghetti Infrastructure [AOTB] 2024-07-04.pdf[Talk] Moving Beyond Spaghetti Infrastructure [AOTB] 2024-07-04.pdf
[Talk] Moving Beyond Spaghetti Infrastructure [AOTB] 2024-07-04.pdf
Kief Morris
 

Recently uploaded (20)

How Social Media Hackers Help You to See Your Wife's Message.pdf
How Social Media Hackers Help You to See Your Wife's Message.pdfHow Social Media Hackers Help You to See Your Wife's Message.pdf
How Social Media Hackers Help You to See Your Wife's Message.pdf
 
leewayhertz.com-AI agents for healthcare Applications benefits and implementa...
leewayhertz.com-AI agents for healthcare Applications benefits and implementa...leewayhertz.com-AI agents for healthcare Applications benefits and implementa...
leewayhertz.com-AI agents for healthcare Applications benefits and implementa...
 
(CISOPlatform Summit & SACON 2024) Digital Personal Data Protection Act.pdf
(CISOPlatform Summit & SACON 2024) Digital Personal Data Protection Act.pdf(CISOPlatform Summit & SACON 2024) Digital Personal Data Protection Act.pdf
(CISOPlatform Summit & SACON 2024) Digital Personal Data Protection Act.pdf
 
"Mastering Graphic Design: Essential Tips and Tricks for Beginners and Profes...
"Mastering Graphic Design: Essential Tips and Tricks for Beginners and Profes..."Mastering Graphic Design: Essential Tips and Tricks for Beginners and Profes...
"Mastering Graphic Design: Essential Tips and Tricks for Beginners and Profes...
 
BT & Neo4j: Knowledge Graphs for Critical Enterprise Systems.pptx.pdf
BT & Neo4j: Knowledge Graphs for Critical Enterprise Systems.pptx.pdfBT & Neo4j: Knowledge Graphs for Critical Enterprise Systems.pptx.pdf
BT & Neo4j: Knowledge Graphs for Critical Enterprise Systems.pptx.pdf
 
July Patch Tuesday
July Patch TuesdayJuly Patch Tuesday
July Patch Tuesday
 
Calgary MuleSoft Meetup APM and IDP .pptx
Calgary MuleSoft Meetup APM and IDP .pptxCalgary MuleSoft Meetup APM and IDP .pptx
Calgary MuleSoft Meetup APM and IDP .pptx
 
High Profile Girls Call ServiCe Hyderabad 0000000000 Tanisha Best High Class ...
High Profile Girls Call ServiCe Hyderabad 0000000000 Tanisha Best High Class ...High Profile Girls Call ServiCe Hyderabad 0000000000 Tanisha Best High Class ...
High Profile Girls Call ServiCe Hyderabad 0000000000 Tanisha Best High Class ...
 
Using LLM Agents with Llama 3, LangGraph and Milvus
Using LLM Agents with Llama 3, LangGraph and MilvusUsing LLM Agents with Llama 3, LangGraph and Milvus
Using LLM Agents with Llama 3, LangGraph and Milvus
 
Litestack talk at Brighton 2024 (Unleashing the power of SQLite for Ruby apps)
Litestack talk at Brighton 2024 (Unleashing the power of SQLite for Ruby apps)Litestack talk at Brighton 2024 (Unleashing the power of SQLite for Ruby apps)
Litestack talk at Brighton 2024 (Unleashing the power of SQLite for Ruby apps)
 
IPLOOK Remote-Sensing Satellite Solution
IPLOOK Remote-Sensing Satellite SolutionIPLOOK Remote-Sensing Satellite Solution
IPLOOK Remote-Sensing Satellite Solution
 
Google I/O Extended Harare Merged Slides
Google I/O Extended Harare Merged SlidesGoogle I/O Extended Harare Merged Slides
Google I/O Extended Harare Merged Slides
 
Evolution of iPaaS - simplify IT workloads to provide a unified view of data...
Evolution of iPaaS - simplify IT workloads to provide a unified view of  data...Evolution of iPaaS - simplify IT workloads to provide a unified view of  data...
Evolution of iPaaS - simplify IT workloads to provide a unified view of data...
 
Use Cases & Benefits of RPA in Manufacturing in 2024.pptx
Use Cases & Benefits of RPA in Manufacturing in 2024.pptxUse Cases & Benefits of RPA in Manufacturing in 2024.pptx
Use Cases & Benefits of RPA in Manufacturing in 2024.pptx
 
Salesforce AI & Einstein Copilot Workshop
Salesforce AI & Einstein Copilot WorkshopSalesforce AI & Einstein Copilot Workshop
Salesforce AI & Einstein Copilot Workshop
 
High Profile Girls call Service Pune 000XX00000 Provide Best And Top Girl Ser...
High Profile Girls call Service Pune 000XX00000 Provide Best And Top Girl Ser...High Profile Girls call Service Pune 000XX00000 Provide Best And Top Girl Ser...
High Profile Girls call Service Pune 000XX00000 Provide Best And Top Girl Ser...
 
EuroPython 2024 - Streamlining Testing in a Large Python Codebase
EuroPython 2024 - Streamlining Testing in a Large Python CodebaseEuroPython 2024 - Streamlining Testing in a Large Python Codebase
EuroPython 2024 - Streamlining Testing in a Large Python Codebase
 
Scaling Connections in PostgreSQL Postgres Bangalore(PGBLR) Meetup-2 - Mydbops
Scaling Connections in PostgreSQL Postgres Bangalore(PGBLR) Meetup-2 - MydbopsScaling Connections in PostgreSQL Postgres Bangalore(PGBLR) Meetup-2 - Mydbops
Scaling Connections in PostgreSQL Postgres Bangalore(PGBLR) Meetup-2 - Mydbops
 
Girls Call Churchgate 9910780858 Provide Best And Top Girl Service And No1 in...
Girls Call Churchgate 9910780858 Provide Best And Top Girl Service And No1 in...Girls Call Churchgate 9910780858 Provide Best And Top Girl Service And No1 in...
Girls Call Churchgate 9910780858 Provide Best And Top Girl Service And No1 in...
 
[Talk] Moving Beyond Spaghetti Infrastructure [AOTB] 2024-07-04.pdf
[Talk] Moving Beyond Spaghetti Infrastructure [AOTB] 2024-07-04.pdf[Talk] Moving Beyond Spaghetti Infrastructure [AOTB] 2024-07-04.pdf
[Talk] Moving Beyond Spaghetti Infrastructure [AOTB] 2024-07-04.pdf
 

How blockchain enhance accounting profession?

  • 1. How Blockchain Enhance Accounting Profession? blockchainexpert.uk
  • 2. INTRODUCTION Needless to say, Blockchain is an accounting innovation that broadly looks into the exchange of money related data and the ownership of assets. Blockchain maintains a ledger of every transaction taking place in business be it the financial information or the asset transfer information. Utilizing the technology blockchain, the accounts can assuredly attain the clearness over ownership of assets and presence of commitments, thereby significantly improve the proficiency of every undertaking happening in the business. The distributed ledger technology indeed keeps the potential to enhance the accounting profession via bringing down the maintenance costs of ledgers, keeping the transaction histories intact, also providing absolute certainty over ownership of assets. The distributed ledger technology gives insight to accountants the available resources and obligations of their company. In addition via infusing additional trends such as Artificial Intelligence in Blockchain, one can prompt increasingly more value-based bookkeeping.
  • 3. For instance, blockchain makes the presence of an indebted person certain, yet its recoverable worth and financial worth are as yet easy to refute. What's more, a benefit's possession may be undeniable by blockchain records, however, its condition, area, and genuine worth will, in any case, should be guaranteed. Via offering sureness over exchange history, blockchain could likewise increase the scope or extent of accounting, bringing more regions into thought that are by and by regarded excessively troublesome or inconsistent to quantify, for example, the estimation of the information that an organization holds. Blockchain say adieu to reconciliation work. For instance, in due persistence in mergers and acquisitions, dispersed agreement over key figures enables more opportunity to be spent on judgmental zones and guidance, and a general quicker process. Implications of blockchain for auditors Even the external audits are blessed with blockchain technology. With every transaction neatly placed under the blockchain network, performing confirmation of the organization’s financial status becomes less important. This proposition would mean a significant change in the manner that audit reviews work.
  • 4. The transactional level assertions in an audit is also made simpler via technology of blockchain with combining right data analytics. This way auditor’s skills are better channelized towards considering high-level questions. With blockchain in place, the auditors get more time to focus on high-level matters that demand intensive knowledge of the business. Thus the technology of blockchain promises to shed significant opportunities to the accounting processes. Current Scenario of Blockchain in Accounting profession. When it comes to Blockchain implementation across different industries, the distributed ledger technology is still seen to be in its infancy stage. Even the Bitcoin, the early invention of blockchain, is underdoing changes every now and then in its architecture. Though blockchain has made its presence in almost every industry, the majority are in the pilot study stage. No large numbers are beyond the proof of concept, leaving us uncertain on what can be the future with blockchain.
  • 5. Accounting profession is no different from this. Accounting is one kind of profession that demands extreme preciseness and certainty. To fully back the profession with blockchain, there should be crafted certain regulations and accounting standards. This is indeed a great challenge to the developer community. Implying logic and standard-setting in accounting profession, urges a development of robust, fool-proof blockchain solution and service. To build the same, it is an investment of long time run and energy. Blockchain led changes in accounting profession 1. Unlike traditional, blockchain and smart contract will undertake asset transactions and transactional assurances. 2. Blockchain will minimalize the need of reconciliation and dispute management in business, giving more time to accountants for look after other majors. 3. Infusion of machine learning or Artificial Intelligence, blockchain is expected to optimize every day-to-day accounting processes in the company. 4. Efficiency enhancement and value added accounting in businesses.
  • 6. Click here to read more about : How Blockchain Enhance Accounting Profession?
  • 7. Cybrosys Limited Alpha House, 100 Borough High Street, London, Greater London SE1 1LB, United Kingdom Thank You ! info@blockchainexpert.uk Mail UsUK Phone +44 7414439281