An Overview on Recent Trends in Accounting: Financial Accounting, Cost and Management Accounting.

The purpose of the article is to determine the most recent trends developed in the Financial Cost & Management accounting. The accounting world is ever changing due to the rapid advancements in Information Technology. Accounting Information System which integrates the data of all the departments of the company which helps decision makers to take accurate, timely decisions based on the data it collects and stores. Today in this digital era corporate environment is tremendously dynamic.

The majority of the business transactions are happening through digital mode. Big Data, Data Analytics & Forecasting Tools, Mobile Technologies, Automated Accounting Processes, Cloud computing platforms Block Chain, and Forensic Accountancy, all of which are geared to meet a wide range of business requirements. This research article is describing the most recent and upcoming trends such as Green Accounting, Human Resource Accounting, Inflation Accounting, Carbon Accounting, Forensic Accounting in the field of Financial accounting and Activity based costing (ABC) Grenzplankostenrechnung (GPK) Lean accounting (accounting for lean enterprise) Resource consumption accounting (RCA) Throughput accounting Transfer pricing in the field of cost & Management accounting.