Blockchain Technology and Management Accountants

Abstract

In this article some of the terms used in the Blockchain Technology are demystified. It discusses on how the Management Accountants can play a major role in enabling the organisations to maintain Cost Accounting Records using the Blockchain Technology. It also discusses on how the cost accounting records maintained in a Triple Entry Accounting (TEA) system can help save a lot of time and effort for the cost auditor and other stakeholders.