Generally Accepted Accounting Principles (GAAP) in Health Organizations Cherilynne Dator HCS|571 March 16‚ 2013 Tamica Lewis Generally Accepted Accounting Principles (GAAP) in Health Organizations The increasing pressure of the cost in providing health care services to the public and the inflation in the health sector that has resulted in inflated costs of providing medical and clinical health care has prompted health providers and nurse managers
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want to assess the financial position of the company before making decisions concerning that company. In recent years there has been an increased level of convergence in terms of international accounting. Despite this‚ there are differences in the way accounts prepared dependent upon the country which they take place. For example looking at two companies in the same manufacturing industry; Dell and Hartcourt Companies‚ Inc. the accounts are prepared under different regimes. Dell is a US computer distributer
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of business. As such‚ accountants collect and communicate economic information about business enterprises or other entities to a wide variety of persons. To be useful‚ financial statements must be clearly understandable and comparable so that users may compare the performance of one business with the performance of the same business for a prior period or with the performance of another similar business. Therefore‚ all general purpose financial statements should be prepared in accordance with the same
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GAAP (USA) To achieve basic objectives and implement fundamental qualities GAAP has four basic assumptions‚ four basic principles‚ and four basic constraints. Assumptions • Accounting Entity: assumes that the business is separate from its owners or other businesses. Revenue and expense should be kept separate from personal expenses. • Going Concern: assumes that the business will be in operation indefinitely. This validates the methods of asset capitalization‚ depreciation‚ and amortization
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prosecuting international crimes Jurisdiction is one the legal terms that must be used with extreme caution. Most generally jurisdiction is understood as the power of the State to regulate affairs pursuant to its laws.1 Controversial issues may arise when offence assumes international aspect which can cause conflict between jurisdictions of the countries. In each of the preceding bases of jurisdiction there must be a material link between the state asserting jurisdiction and the crime. That is what distinguishes
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What is the prudence concept in accounting? Under the prudence concept‚ you should not overestimate the amount of revenues that you record‚ nor underestimate the expenses. You should also be conservative in recording the amount of assets‚ and not underestimate liabilities. Another way of looking at prudence is to only record a revenue transaction or an asset when it is certain‚ and to record an expense transaction or liability when it is probable. Another aspect of the prudence concept is that you
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GAAP v. non-GAAP: Impacts on Financial Statements A non-GAAP financial measure is a numerical measure of past or future financial performance‚ financial position or cash flows that includes amounts that are excluded from the most directly comparable GAAP measure or excludes amounts that are included in the most directly comparable GAAP measure. Some common examples of non-GAAP earnings measures are cash earnings‚ operating earnings‚ EBITDA and FFO. The non-GAAP numbers impact revenue numbers without
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Jurisdiction is when a court of law or a municipal figure has the right the right and authority to work in a specific territory. Jurisdiction over issues communicate with an authority that is written in the United States’ Constitution or laws to consider with particular cases. (Hall‚ 2015). The same rule applies when there is a clash in both state and federal decrees and when the national administration takes over a location thereby barring the states. This type of issue does not happen a lot as
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I. STATEMENT OF JURISDICTION The district court and this Court have subject matter jurisdiction over this case pursuant to 28 U.S.C. Section 1331 (federal question) and Section 1338(a) (trademarks). This Court has jurisdiction over this appeal pursuant to 28 U.S.C. Section 1291(a)(1) in that this is an appeal from a permanent injunction entered after the district court granted a motion for partial summary judgment. See LaVine v. Blaine School Dist.‚ 257 F.3d. 981 (9th Cir. 2001). The
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‘JUDICIAL ACTIVISM UNDER THE INDIAN CONSTITUTION’ Address by Hon’ble Mr. K.G. Balakrishnan‚ Chief Justice of India (Trinity College Dublin‚ Ireland – October 14‚ 2009) Ladies and Gentlemen: I am indeed very grateful for the opportunity to speak about the evolution of judicial activism in the Indian legal system. Before I touch on the subject‚ I must of course emphasise the fact that during the framing of the Indian Constitution in the 1940’s‚ the engrafting of Directive Principles of State
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