Scopus Indexed Business, Management and Accounting Journals List 2025

The other account affected is the company’s cash going down because they used the cash to purchase the car. There are special types of journal entries that may need to be made, depending on the complexity of the business. So, when it’s time to close, you create a new account called income summary and move the money there. We provide an updated collection of scholarly, peer-reviewed, and indexed journals that focus on accounting. In this post, we are providing a selection of top scopus-indexed accounting publications with high impact. List of Accounting Journals in South Africa – Looking for the latest research in Accounting?

Insurance Jobs

All of these journals are approved by scopus and are peer-reviewed scholarly journals. When you are writing a research paper or an academic thesis in the field of Accounting, it is essential to mention and cite the research paper from a high-ranked journal because it demonstrates your credibility and reliability. The category Accounting falls under the areas Business, Management and Accounting. Submit your paper to a high-impact score journal and create the impact of your next piece of research. Irrespective of whether you are writing an academic thesis or a research journal paper, always remember to refer and cite the papers from good quality and top journals, as it shows the credibility and reliability of your work. IFRS 17 officially came into effect on January 1, 2023, marking a fundamental shift in insurance accounting.

• Nominal ledger gives information on expenses, income, depreciation, insurance, etc.
• Swiss Re tops the list of the world’s 50 largest reinsurers as a result of its adoption of the IFRS-17 accounting standards, which also led to a shuffle among the top-tier reinsurers, according to AM Best.
• Your bookkeeping team imports bank statements, categorizes transactions, and prepares financial statements every month.
• When you are writing a research paper or an academic thesis in the field of Accounting, it is essential to mention and cite the research paper from a high-ranked journal because it demonstrates your credibility and reliability.

Review of Corporate Finance

In other words, accounting software has eliminated the need to first record routine transactions into a journal. However, even with computerized accounting systems it is necessary to have a general journal in which adjusting entries list of accounting journals and unique financial transactions are recorded. For example, if a business owner purchases $1,000 worth of inventorywith cash, the bookkeeper records two transactions in a journal entry. The cash account decreases by $1,000, and the inventory account, which is a current asset, increases by $1,000. To create an accounting journal, record the information about your financial transactions. The details of financial transactions can be derived from invoices, purchase orders, receipts, cash register tapes and other data sources.

Here, we provide an updated list of scholarly, peer-reviewed scopus indexed business, management and accounting journals. A journal is the company’s official book in which all transactions are recorded in chronological order. Although many companies use accounting software nowadays to book journal entries, journals were the predominant method of booking entries in the past. An adjusting journal entry is made at the end of an accounting period to take care of anything that was unresolved during that accounting period. An example is when a vendor ships goods to your business, but that vendor’s invoice wasn’t processed by the end of the accounting period. You would debit, or increase, your utility expense account by $200, and credit, or increase, your accounts payable account by $200.

Public Money and Management

Presenting here the list of top journals in the field of Accounting, which you can always refer to and cite while writing your thesis and research papers. You can also submit your research paper in these journals to show the standard and worthiness of your work. Subject category Accounting falls under area Business, Management and Accounting. In response, AM Best explained that last year’s top-50 reinsurers report introduced two separate rankings based on GPW for non-IFRS-17-reporting reinsurers and reinsurance revenue for IFRS-17-reporting companies. Some of these are open access journals, while others have a high impact factor.

Journal of the American Taxation Association

Swiss Re tops the list of the world’s 50 largest reinsurers as a result of its adoption of the IFRS-17 accounting standards, which also led to a shuffle among the top-tier reinsurers, according to AM Best. Some of them are open access journals, while others have a high impact factor. Additionally, many of these journals are indexed in various databases like PubMed, Scopus, Embase, DOAJ, Google Scholar, and Web of Science (WOS). By choosing journals with a strong reputation, you increase the visibility of your research and make a greater impact in the field of accounting. This list includes some of the top publications in the accounting field, especially those known for their high impact and wide readership. Also, most of the reviewers evaluate and judge the standard of your research paper and thesis based on the referenced academic sources.

Closing journal entries are made at the end of an accounting period to prepare for the next accounting period. They are entries that reset the income statement accounts of revenue and expenses to zero.In the expense journal, we record a debit for the amount that went towards interest separately from the amount that reduces the balance. When you make a payment on a loan, a portion goes towards the balance of the loan while the rest pays the interest expense. “Accounts payable” refers to an account within the general ledger representing a company’s obligation to pay off a short-term debt to its creditors or suppliers.

However, if you do decide to separate ledger classes by journals, it’s still a good idea to have one centralized journal that tracks at least the most basic data about all types of transactions. Depending on the type of account, it will increase or decrease when it is debited or credited. Accounting records include all documentation involved in the preparation of financial statements or records relevant to audits and financial reviews. Keeping an accounting journal can prevent your business from overspending in some areas or underspending in others. It can also prevent you from overdrawing funds, and it can help you spot any irregularities before they get out of hand.

Our comprehensive list of journals offers a curated selection of top-tier publications covering Accounting. Whether you’re a student, researcher, or professional, you’ll find valuable resources to stay informed and explore the cutting-edge developments in Accounting. Browse through our list and discover the journals that align with your interests and research needs.

Cash is increasing because the company is gaining cash from the bank, and bank loan payable is increasing because the company is increasing its liability to pay back the bank at a later date. For example, if a company bought a car, its assets would go up by the value of the car. However, there needs to be an additional account that changes (i.e., the equal and opposite reaction).

• The cash account decreases by $1,000, and the inventory account, which is a current asset, increases by $1,000.
• Some of them are top-ranking and highly scientific, with a high H-index and ranking.
• Swiss Re had previously reported under the GAAP standards, but by changing to IFRS 17, it moves from first among the non-IFRS-17-reporting reinsurers in 2023 to first among IFRS-17 reporters in 2024.
• The category Accounting falls under the areas Business, Management and Accounting.

This list includes the best national and international accounting academic journals. The use of these journal lists and what publications “count” varies widely by school. However, the journal lists can be a helpful guide for seeing broad perceptions of accounting and business journals. Companies often use the purchases journal to record all inventory and equipment purchases as well.

No manually inputting journal entries, thinking twice about categorizing a transaction, or scanning for missing information—someone else will do that all for you. On the other hand, the ledger, also known as the principal book, is a set of accounts in which the financial information in the journals is summarized and posted. Journaling is an essential part of objective record-keeping and allows for concise reviews and records-transfer later in the accounting process. Journals are often reviewed as part of a trade or audit process, along with the general ledger. Reconciling accounts and transferring information to other accounting records is done using the information recorded in a journal.