Published Paper Details:

ABSTRACT: The accounting scenario is changing due to expeditious growth in Information and technology sector and dynamic environment of corporate world. Fast advancement in IT sector and covid pandemic create many problems in accounting sphere. Despite of this accounting have some other issues like multiple methods for single problem and accounting standard board also provide opportunity to business houses for using different different methods for single problem and they can use different methods for recording similar problem. The recent accounting software and trends help the accountants in handling accounting issues. The new accounting trends like forensic accounting, cloud base accounting, block chain accounting, creative accounting, environmental accounting, value added accounting, brand accounting and other accounting trends are perfectly meet the requirement of current scenario of accounting world. This paper is based on study of contemporary accounting trends and summarizing recent challenges in accounting world. The main aim of this study is to elaborate the current and upcoming drift in the word of accounting and also examine the main features of different - different accounting types and with the help of this study we find out the suitable accounting method for recent challenges which help in accounting work. The recent accounting software and methods enhance the efficiency of accountant and increase effectiveness in decision making and interpretation of accounting results which are useful for all stakeholders.