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Discuss the value of and differences between Academic (peer-reviewed, discipline-based journals) and Professional (accounting standards, professional...

Discuss the value of and differences between Academic (peer-reviewed, discipline-based journals) and Professional (accounting standards, professional organizations, websites, etc.) research.

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Answer #1

Academic: Peer reviewed, discipline based journals values are:

These type of reviews are performed by experts in the same field as the process of subjecting an author's scholarly work and ideas to scrutiny before getting published in discipline based journal, conference proceedings or as a book.

The values of professionals accounting standard and professional organizations are they guide the financial framework of a enterprise so as to build investors confidence in the markets and enterprise. They also mandate disciplinary actions against them for the welfare of the society as whole. They protect the investors from fraudulent practices.

The difference between them is their structure and scope of work. The guidelines of professionals are mandatory and act like Bible for the enterprise whereas Peer review is auxillary not mandatory for some of them.

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