BLOCKCHAIN TECHNOLOGY CONCEPTION AMONG ACCOUNTING PROFESSIONALS

Blockchain is a computer network-based dispersed and decentralized ledger system that keeps track of transactions. It is sometimes used synonymously with cryptocurrencies like Bitcoin. This technology, which offers advantages like transparency, immutability, efficiency, and security, has enormous potential to change many facets of accounting. For the accounting sector, blockchain's capability to offer a single, consensus-based source of facts for financial data is essential. With blockchain, real-time accuracy and transparency are ensured as all authorized participants can access a synchronized version of the ledger. This research aims to study the understanding and perception of the accounting profession regarding blockchain technology. The data of 100 respondents was collected, and the researcher performed factor analysis and regression testing were performed. The finding revealed that accounting professionals have a reasonable understanding of blockchain technology and help to enable real-time information updating to lessen the time and resources needed for reconciliations and audits. KEYWORD: Accounting Professionals, Adoption Capacity, Blockchain Technology, Perception change, Understanding.