Accountability is the obligation of an individual,

firm, or institution account for its
activities, accept responsibility for them and to
disclose the results in a transparent manner.
Accounting is a systematic process of
identifying, recording, measuring, classifying,
verifying, summarizing, interpreting and
communicating financial information
Asset is something valuable that an
enterprise owns, benefits from, or has
use of, in generating income. In
accounting, an asset is something an
entity has acquired or purchased, and
which has money value (its cost, book
value, market value, or residual value
Budget is the estimate of costs, revenues, and
resources over a specified period, reflecting a
management's reading of future financial conditions.
One of the most important administrative tools, a
budget serves also as a plan of action for achieving
quantified objectives, standard for measuring
performance, and device for coping with anticipated
adverse situations.
Business operations consists of handling money and
recording day to – day transactions, computations,
buying of materials and supplies, and checking of
Equity is the right to an asset or property,
held by a creditor or a business owner.
Evaluation deals with measuring business
operations variable based on identified
criteria.
Liability are the accounts and wages payable,
accrued rent and taxes, trade debt, and short
and long-term loans. Owners' equity also
is termed a liability because it is an
obligation of the firm to its owners.
Procurement is a complete process of obtaining
goods and services from preparation and processing
of a requisition to receipt and approval of the invoice
for payment.
Finance deals with matters related to money and the
markets.
Monitoring is supervising activities in progress to
ensure they are on-course and on-schedule in
meeting the objectives performance targets.