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.
Open access to the scientific literature means the removal of barriers (including price barriers) from accessing scholarly work. There are two parallel roads towards open access: Open Access articles and self-archiving. Open Access articles are immediately, freely available on their Web site, a model mostly funded by charges paid by the author (usually through a research grant). The alternative for a researcher is self-archiving (i.e., to publish in a traditional journal, where only subscribers have immediate access, but to make the article available on their personal and/or institutional Web sites (including so-called repositories or archives)), which is a practice allowed by many scholarly journals.
Open Access raises practical and policy questions for scholars, publishers, funders, and policymakers alike, including what the return on investment is when paying an article processing fee to publish in an Open Access articles, or whether investments into institutional repositories should be made and whether self-archiving should be made mandatory, as contemplated by some funders.
Last date updated on April, 2024