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Triple-Entry Accounting and System Integration

Author

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  • Pythagoras Petratos

    (School of Business and Law, Coventry University, Coventry CV1 5FB, UK)

Abstract

Triple Entry Accounting (TEA) provides an opportunity for fundamental change in accounting. TEA is a foundational development of Blockchain technology, which is considered a pillar of the Fourth Industrial Revolution. Nevertheless, in order to augment its impact, TEA should be integrated with other systems. This paper aims to examine the relationship of TEA with system integration (SI) and how it can affect integration. This study reviews the SI literature in the context of accounting, examines how the literature on TEA has evolved over the years, and finally contributes to the analysis of how TEA is related to integration. A key theme is the connection of accounting controls and system integration. The methodology of the four design principles of control in system integration is adopted. Transparency is the main perspective of these principles. It was found that TEA promotes transparency, reduces the risk of fraud, and facilitates system integration.

Suggested Citation

  • Pythagoras Petratos, 2024. "Triple-Entry Accounting and System Integration," JRFM, MDPI, vol. 17(2), pages 1-15, January.
    • Handle: RePEc:gam:jjrfmx:v:17:y:2024:i:2:p:45-:d:1326653
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    References listed on IDEAS

    as
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    3. Rajaguru, Rajesh & Matanda, Margaret Jekanyika & Verma, Prikshat, 2023. "Information system integration, forecast information quality and market responsiveness: Role of socio-technical congruence," Technological Forecasting and Social Change, Elsevier, vol. 186(PA).
    4. Granlund, Markus, 2011. "Extending AIS research to management accounting and control issues: A research note," International Journal of Accounting Information Systems, Elsevier, vol. 12(1), pages 3-19.
    5. Lisa Jack & Julia Mundy, 2013. "Routine and change: the role of management accounting and control," Journal of Accounting & Organizational Change, Emerald Group Publishing Limited, vol. 9(2), pages 112-118, May.
    6. Azad M. Madni & Michael Sievers, 2014. "Systems Integration: Key Perspectives, Experiences, and Challenges," Systems Engineering, John Wiley & Sons, vol. 17(1), pages 37-51, March.
    7. Cynthia Weiyi Cai, 2021. "Triple‐entry accounting with blockchain: How far have we come?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(1), pages 71-93, March.
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