There is no dearth of books in the field of accountancy but as the subject is changing fast, there was a vacuum for a book which puts equal weight on conceptual framework as well as on recent development. A difficult undertaking is to isolate the exact makeup of accounting research. The methods, goals and focus of accounting research tends to shift over time. Historically, a large part of defining a work as an accounting research considered the degree by which the work cited large numbers of other works in accounting research, which becomes circular, so modern accounting tends to define an accounting research assessment as an important line of inquiry that directly defines a given accounting problem. The primary assessment methods that a reviewer of accounting research uses are empirical, qualitative and quantitative. Empirical assessments evaluate based on first-hand observation or experience. However, reviewers will typically combine this assessment method with either qualitative or quantitative methods of assessment. The difference between the two assessments lies in the evaluation of quality versus quantity. Qualitative methods of research assessment, then, look at the quality of the research rather than simply the amount produced. Academic accounting research "addresses all aspects of the accounting profession" using the scientific method, while research by practicing accountants focuses on solving problems for a client or group of clients. Academic accounting research can make significant contribution to accounting practice, although changes in accounting education and the accounting academia in recent decades have led to a divide between academia and practice in accounting. So, this book is an effort to bring both together. Main theme of book is development in accounting education, research and profession.