|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.
Scholarly journal is a peer-reviewed journal in which scholarship relating to a particular academic discipline is published. Scholarly journals serve as forums for the introduction and presentation for scrutiny of new research, and the critique of existing research. Content typically takes the form of articles presenting original research, review articles, and book reviews. The term Scholarly journal applies to scholarly publications in all fields; this article discusses the aspects common to all academic field journals.