In this paper we volition discuss the four elements of financial management, chiefly accepted accounting principles and general financial ethical standards, and we will stretch a few examples of situations where people practiced ethical financial reporting in accordance with the standards set forrad for financial reporting. Within the health care industry and for the most part the affair world, there are four widely recognise elements of financial management. The first of which is plann ing. Planning is the process in which a the! atre director identifies what actions need to be taken to light upon the goals of the organization, which include identifying what the organizations objectives are and how to best meet those objectives with the most reach to the organization. The second element is controlling. Controlling is the actions taken by the director to ensure that each department within their organization is following...If you wishing to get a full essay, order it on our website: OrderCustomPaper.com
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