|Accounting Principles are general concepts and rules that govern the field of accounting. There are a number of basic accounting principles such as Accrual principle, Conservatism principle, Consistency principle, etc., that have developed over time through common usage, and which form the basis upon which modern accounting is based.
Peer review refers to the work done during the screening of submitted manuscripts and funding applications. This process encourages authors to meet the accepted standards of their discipline and reduces the dissemination of irrelevant findings, unwarranted claims, unacceptable interpretations, and personal views. Publications that have not undergone peer review are likely to be regarded with suspicion by academic scholars and professionals.