Proceedings of the Ninth Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2022)

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Demistifying of Triple-Entry Accounting (TEA): Integrating the Block

Authors
Mia Ika Rahmawati1, 2, *, Eko Ganis Sukoharsono1, Aulia Fuad Rahman1, Yeney Widya Prihatiningtias1
1Accounting Department, Economics and Business Faculty, Brawijaya University, Malang, Indonesia
2Accounting Department, Indonesia School of Economics (STIESIA) Surabaya, Surabaya, Indonesia
*Corresponding author. Email: miaikarahma@student.ub.ac.id Email: miaikarahmawati@stiesia.ac.id
Corresponding Author
Mia Ika Rahmawati
Available Online 26 June 2023.
DOI
10.2991/978-94-6463-158-6_3How to use a DOI?
Keywords
Triple-entry accounting; blockchain; smart contract
Abstract

Current accounting system has been used for more than six decades, yet emerging technology like blockchain is arising to improve a new accounting method: triple-entry accounting. This study aims to construct a potential framework of triple-entry accounting embedded with smart contract. The research method of this study is qualitative with a study case. The result of this study is a triple-entry accounting with a smart contract framework. The blockchain (smart contract) ecosystem, the business parties will only need to record an internal entry, and the opponent entry will be stored in a desentrilized ledger. Auditor will give permission access to the blockchain ledger to perform an audit. Triple-entry accounting with the smart contract will improve transparency and trust as well as decrease audit cost significantly.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the Ninth Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 June 2023
ISBN
978-94-6463-158-6
ISSN
2352-5428
DOI
10.2991/978-94-6463-158-6_3How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Mia Ika Rahmawati
AU  - Eko Ganis Sukoharsono
AU  - Aulia Fuad Rahman
AU  - Yeney Widya Prihatiningtias
PY  - 2023
DA  - 2023/06/26
TI  - Demistifying of Triple-Entry Accounting (TEA): Integrating the Block
BT  - Proceedings of the Ninth Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2022)
PB  - Atlantis Press
SP  - 23
EP  - 31
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-158-6_3
DO  - 10.2991/978-94-6463-158-6_3
ID  - Rahmawati2023
ER  -