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REPORTING PRACTICES AND ETHICS PAPER

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REPORTING PRACTICES AND ETHICS PAPER
Reporting practices and ethics paper
VOLINA CALDWELL
HCS/ 405 9/9/13 University of phoenix Darlene Tomlinson

Abstract
Introduction
Ethical standards in financial reporting are essential. Tools are set in place to ensure that this takes place. Administrative agencies have been established to strive and create a more standardize and ethical standard within a financial practice.

Reporting practices and ethics paper

The United States Securities and Exchange Commission, Financial accounting, Standard board. The Securities and Exchange Commission was established in 1934. This guarantee that the market would be protected. The elements of financial management are planning, controlling, organizing, directing and decision making rolls that the financial manager takes in order to ensure the success of the business. Planning objectives are laid out by the health care organization and they are identified. During this process it clears a path for all to follow. Controlling is part of where the financial manager must manage the resource organization. The process of this is organizing and directing when looking at the four elements of financial management. Decision making occurs during this process. During this process something has to be continually executed along with other elements of the financial management. The four elements of financial management are very important and it serves a purpose. There are also elements that need to be considered vital skills are necessary to keep a healthcare organizations running smoothly. Accepting accounting principles and general financial ethical standards. This process measures cost and performance
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