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Austin Journal of Accounting, Audit and Finance Management

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Austin Journal of Accounting, Audit and Finance Management is a peer reviewed open access journal in publishes manuscripts from all the areas of accounting, accountancy, finance, auditing.

Austin Journal of Accounting, Audit and Finance Management Original Articles, Review, Discussion, Editorials, Letter, type of manuscripts from all the areas of the accounting, accountancy, finance, auditing.

Published in: Business
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Austin Journal of Accounting, Audit and Finance Management

  1. 1. Accounting, Audit and Finance Management
  2. 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. 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. 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. 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. 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. 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.

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