Exploring the impact of accounting principles on cost management with moderation of risk and blockchain technology

Yixia Niu and Shangjie Li

International Journal of Applied Systemic Studies, 2025, vol. 12, issue 2, 186-202

Abstract: Accounting principles contribute a critical role in cost management because they offer guidelines in terms of guiding cost accountability, analysis, and control. Risk management deals with managing risks that may occur financially while blockchain provides unaltered records in real-time; therefore, it helps eliminating risks of making wrong decisions. In this study, the first aim is to examine the correction between accounting principles, (e.g., accrual, consistency, conservatism, going concern, matching, historical cost, and revenue recognition principle) on cost management (CM). Secondly, moderating forces were observed, (e.g., financial risk and blockchain technology) between the connection of accounting principles and CM. The study found that by emphasising accounting principles, organisations may improve cost management whereby considering risk and blockchain technology additional can strengthen the relationships between accounting principles and CM.

Keywords: accounting principles; cost management; risk management; blockchain technology; structure equation modelling. (search for similar items in EconPapers)
Date: 2025
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