Reference no: EM132351360

Critical Analysis

Learning Outcomes:

c. Explain the relationship between accounting theory, the accounting conceptual framework and accounting standards.

d. Work individually and in groups to identify and apply appropriate accounting standards to a range of authentic accounting scenarios.

Context:

This assignment develops research and critical thinking abilities. It is a critical analysis/review of an academic article.

Changes in technology are impacting accounting and how accountants perform their jobs.

This activity will provide students information on new trends in accounting field.

Instructions:

Download and critically analyse an academic article written by Jun Dai and Miklos. A. Vasarhelyi.

Article - Dai, J. & Vasarhelyi, M.A. (2017 Toward Blockchain-Based Accounting and Assurance. Journal of Information Systems Vol 31 No. 3, p5-21, Database: Ebscohost

You may use an essay format or any other acceptable academic format for critical review. Use APA referencing style guide. Use minimum 10 academic references.

Answer the following questions during your analysis.

1. Explain the three phases of blockchain technology? What is the potential use of blockchain technology in accounting?

2. In your own words explain your understanding of Triple Entry Accounting.

3. Do you agree or disagree with any arguments made by the author? Explain your point of view and provide evidence in support of your point of views from other academic resources.

4. Comment on any potential issues or problems with blockchain technology being used in accounting?

To answer all the above questions: Review the article provided and search for related academic journal articles. Use minimum 10 academic references.

Academic skills resources: Analysing the Brief, Essay Writing, and Critical Thinking