2. INTRODUCTION
ACCOUNTING
Accounting or accountancy is the amount, dispensation
and statement of monetary information about economic
entities.
AUDIT
conduct an official financial inspection of a company or
its accounts.
FINANCE MANAGEMENT
It deals with the way of managing the money and a proper
usage of financial sources to achieve a goal or claim
profits.
3. Objectives
Finance management
⢠To create awareness
⢠To stimulate to further learning
⢠To develop a vision
⢠To develop an ability to prepare and manage with clinical accuracy
⢠Right questions should be questioned to CA
⢠To develop a healthy practice with patients as beneficiaries
Financial
management
Financial
accounting
Speed
management
Supplier
management
Cash
management Resource
management
Revenue
management
4. Audit
i. Investigating the organization of internal finance department.
ii. Examining different sections regarding accounts, verifying
posting, balancing , costing etc.
iii. Substantiating the validity of transactions and genuineness.
iv. Distinction of capital and revenue nature of transactions are
verified.
v. Value of property and liabilities documents should be legally
shown.
vi. Verifying whether all the statutory requirements are fulfilled or
not.
vii. Results presented by income statement and financial position
presented by balance sheet need to be provided whether they are
operated in a fair way.
5. ACCOUNTING
⢠1. To uphold complete and methodical records of business
dealings.
⢠2. To determine profit or loss of the business
⢠3. To describe economical position of the business
⢠4. To make available of accounting information to the parties
paying attention towards about organization.
6. Conclusion
⢠So for a organization to work properly the
objectives of the Accounting, Audit and
Finance Management.
⢠A organization can achieve its goals by proper
examining of its internal accounts, legal
documents and a proper inspection on overall
working it.
7. Journal
⢠Austin Journal of Accounting, Audit
and Finance Management is a peer
reviewed open access journal which
publishes articles .
⢠Austin Journal of Accounting, Audit
and Finance Management provides a
new proposal for all researchers,
scientists, scholars, students to issue
their study, research and update the
newest research information
⢠We provide free accessing of our
journal without any restrictions,
subscription charges etc.