¶ … young, one may keep a diary, recording events, thoughts, and feelings. The diary creates a record that can be used to look back on a past time, and provide details that document events that can be used to aid recall. This is especially useful were details may not be remembered, and one will want to create a reminder of the events and/or feelings, and may help us understand more about ourselves. In some cases a diary may also be used to demonstrate where one was on a particular day or time, and can also be used to plan ahead, managing time. Record keeping in business has a number of similarities. From an accounting perspective the records that are kept will record the financial transactions. They are recorded not only because it would be impossible for all the transactions to be remembered and recalled in full, but to create a formal record that will document the transactions and provide evidence if and when it is needed (Drexler et al., 2014). The records will also provide the data needed to look back and undertake a review. In childhood the diary may be used to reread and stimulate memories, in financial and management accounting the data may be used to undertake...

This makes the process important to the aspect of controlling and planning in the management functions (Drexler et al., 2014).
While there are similarities there are also differences; it is an option activity to keep a diary as a child, but businesses are obliged to keep certain financial records, and while a diary is private, certain financial records may be inspected by relevant authorities, and for public limited companies some accounts, such as the 10k, are available to public. Likewise, the records in a diary are likely to contain subjective data such as thoughts and feelings, financial and management accounting records will be objective data regarding actual transactions (Drexler et al., 2014).

The term 'glass ceiling' was adopted as a way of describing the barriers women faced in gaining top management jobs; they could see the jobs which were theoretically in reach, but were unable to get past the invisible ceiling as a result of gender inequality (Barreto et a., 2009). The phrase was first used in 1984, at…