|Accounting is an important part of any individual, business or organization's economic foundation. Accounting is defined at its best in defining financial condition and performance, in terms of operation, profitability and sustainability. It provides an easy way to the interested party to understand the business operation just by looking at the accounting reports. Without accounting, there is no easier way to understand the transactions, financial results of operation and condition of an individual, business or organization.
A journal is a periodical publication intended to further progress of science, usually by reporting new research. Most journals are highly specialized, although some of the oldest journals publish articles, reviews, editorials, short communications, letters, and scientific papers across a wide range of scientific fields. Journals contain articles that peer reviewed, in an attempt to ensure that articles meet the journal's standards of quality, and scientific validity. Each such journal article becomes part of the permanent scientific record.