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

Authors: Yixia Niu; Shangjie Li

Addresses: Department of Financial Management, Hebi Automotive Engineering Professional College, Hebi 458030, China ' Department of Financial Management, Hebi Automotive Engineering Professional College, Hebi 458030, China

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.

DOI: 10.1504/IJASS.2025.146753

International Journal of Applied Systemic Studies, 2025 Vol.12 No.2, pp.186 - 202

Received: 30 Jun 2024
Accepted: 19 Mar 2025
Published online: 16 Jun 2025 *

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