Accounting records

According to Needles, B. E., Powers, M., & Crosson, S. V. (2017). Accounting records refer to
the financial documents and information that a business keeps in order to track its financial
transactions and performance. These records typically include things like balance sheets, income
statements, and cash flow statements, and are used to provide information to stakeholders such as
investors, lenders, and tax authorities.

Author:

Year Written: 2017

Reference: Needles, B. E., Powers, M., & Crosson, S. V. (2017). Financial accounting. Cengage
Learning.

SMEs:

According to Blackburn, R. A. (2015). SMEs stands for Small and Medium-sized Enterprises.
These are businesses that have a smaller number of employees and a lower level of revenue than
larger corporations. SMEs are often seen as important engines of economic growth and
innovation, particularly in developing countries.

Author:

Year Written: 2015

Reference: Blackburn, R. A. (2015). Researching small and medium-sized enterprises: Some

epistemological and ontological challenges. International Journal of Management Reviews,
17(2), 163-182.

Performance: Performance refers to the degree to which a business or individual has achieved its
goals or objectives. In a business context, performance can be measured in terms of financial
metrics such as revenue and profit, as well as non-financial metrics such as customer satisfaction
and employee engagement.
Author: Armstrong, M.

Year Written: 2006

Reference: Armstrong, M. (2006). A handbook of human resource management practice. Kogan

Page Publishers.

Impact: Impact refers to the broader effects that a business or organization has on its
stakeholders and society as a whole. This can include economic impacts such as job creation and
tax revenue, as well as social and environmental impacts such as sustainability and corporate
social responsibility.

Author: Madsen, P. M., & Desai, V. M.

Year Written: 2010

Reference: Madsen, P. M., & Desai, V. M. (2010). Fostering corporate social responsibility
through public-private partnerships. Journal of Business Ethics, 95(1), 77-92.

I hope that helps! Let me know if you have any other questions.