Module 3 – SLPTransfer Pricing and Responsibility CentersAssignment OverviewBlock Chain Blockchain enhances financial transactions by providing transparent, secure, and immutable records, reducing in Original Papers

Module 3 – SLPTransfer Pricing and Responsibility CentersAssignment OverviewBlock Chain 

Blockchain enhances financial transactions by providing transparent, secure, and immutable records, reducing intermediaries and fraud risk. In accounting, it automates auditing, reduces errors, and increases transparency with real-time, tamper-proof data. Blockchain also plays a critical role in preventing financial fraud by creating a decentralized ledger where any attempt to alter records is easily detectable, ensuring trust and security across financial systems. This transformative technology reshapes the integrity and efficiency of financial operations.

***SLP 3 Must be Completed Before Case 3***

Module 3 SLP Resources

Blockchain Technology and Modern Banking Systems (2024)Blockchain is in from the cold — and stablecoins are set to change the financial system forever (2024) Blockchain Facts: What Is It, How It Works, and How It Can Be Used (2024)Forget Bitcoin: Blockchain Is the Future (2024)The Impact of Blockchain Technology on the Accounting Industry (2024)The Impact of Blockchain on Financial Services (2024)

SLP AssignmentIntroduction to Blockchain in Financial Transactions

• Research and explain in simple terms how Blockchain technology works in financial transactions. Discuss how Blockchain ensures transparency and security in accounting without needing to dive into technical accounting concepts. (1 page) Research Required.

Simulation 

Create a simulation for SLP 3 using the free version of ChatGPT which you worked with in Module 1. How to cite ChatGPT 

• Query 1: Run a blockchain business simulation along the supply chain with payment information.Screenshot the query and paste it into a second Word document that must be uploaded with your assignment. A screenshot is different than copying and pasting. Your assignment will not be graded without the screenshots.

Analysis

Copy and paste the Overview Table from ChatGPT.

• Analyze the simulation table outcome from an accounting perspective based on the research completed in the first section. (1/2 page) Research required.
• You may ask ChatGPT what the “hash” cells mean.

Blockchain and its Impact on Accounting

• Examine how blockchain technology is disrupting traditional accounting systems. Research how blockchain is being applied in accounting and auditing processes (e.g., secure ledger systems, smart contracts). Discuss the potential benefits and challenges of using blockchain in financial reporting. (1 page) Research Required.

Simulation

Create a simulation for SLP 3 using the free version of ChatGPT. How to cite ChatGPT 

• Query 2: Create and run a simulation with blockchain being applied in accounting processes.Screenshot the query and paste it into a second Word document that must be uploaded with your assignment. A screenshot is different than copying and pasting. Your assignment will not be graded without the screenshots.

Analysis

Copy and paste the Overview Table from ChatGPT.

• Analyze the simulation table outcome from an accounting perspective based on the research completed in the section above. (1/2 page) Research required.

Blockchain and Its Role in Preventing Financial Fraud

• Explore how Blockchain helps reduce fraud in different industries, including finance and supply chain. Focus on non-accounting examples, such as preventing counterfeit goods or ensuring the integrity of donations to charities. (1 page) Research Required.

Simulation

Create a simulation for SLP 3 using the free version of ChatGPT. How to cite ChatGPT 

• Query 3: Create and run a simulation to show how blockchain prevents fraud. Show Legitimate Blockchain and Fraudulent Block Attempt. 

Screenshot the query and paste it into a second Word document that must be uploaded with your assignment. A screenshot is different than copying and pasting. Your assignment will not be graded without the screenshots.

Analysis

Copy and paste the Overview Tables from ChatGPT. 

• Analyze the simulation tables outcomes from an accounting perspective based on the research completed in the section above. (1/2 page) Research required.

NOTE: You are not permitted to ask ChatGPT to write the content. If the assignment is written by AI, a zero will be awarded and no resubmission will be accepted. 

Since you are engaging in research, be sure to cite each paragraph and add a reference list in APA format. NOTE: failure to use research with accompanying in-text citations to support content will result in a score of 60% for each grading criterion. This is a research-based, professional paper, not a personal one based on feelings. It must be written in the third person. This means words like “I,” “we,” and “you” are not appropriate. No quotations are permitted in this paper. The excessive use of quotes will directly impact performance since this indicates a lack of comprehension and shows that you may not have mastered the concepts.

Need help with the reference list format or citation format?

• Free Citation Generator (APA)
• “Full citation” is for the Reference list. In-text citation is used in the written paragraph.

Assignment Expectations

Use the ACC501 SLP 3 APA-formatted template to create your submission.

• The template is set up in APA 7: double-spacing, font, margins, headings, page breaks, APA help links.

Your submission will include:

• Trident University International’s cover page
• A paper with APA citations (2- to 3-sentence Overview, 4 ½-page body, 2- to 3-sentence conclusion) Page counts do not include content, data, tables, or graphs from ChatGPT.
• The reference list page in APA format
• A Word file containing screenshots from ChatGPT. The assignment will not be graded unless this is submitted.