A very common question is whether or not there is any difference between accounting and bookkeeping. Our explanation will start with bookkeeping because it is a subset of the larger topic of accounting. Bookkeeping Bookkeeping is the recording of basic accounting transactions such as: Invoicing customers. Recording invoices from suppliers. Recording cash receipts from customers.… Read More

Accounting research is research on the effects of economic events on the progress on accounting. It also includes the effects of the reported information on economic events. It encompasses a broad range of research areas which include financial accounting, management accounting, auditing and taxation. Overview of accounting research. Accounting research is carried out by academic… Read More

What is social accounting? Social accounting is the process of communicating the social and environmental effects due to the business’ economic actions to the society and to people who find a huge interest in the business. It is mostly used in the aspect of business or corporate social responsibility. Any organization, including NGOs, charities or… Read More