The organization that I chose is the United Way of America. I chose this organization because there is one right here in my hometown. I have volunteered with them‚ I have taken some certification classes‚ and even help organize some projects with them. The United Way here is also known as Live United. This is such an awesome organization. The United Way of America has a vision‚ mission & goals. Their vision is that the world where families and individuals can achieve human potential through
Premium High school Health care Education
HSM 260 Checkpoint Scavenger Hunt Week 1 July 29‚ 2011 GAAP- (Generally Accepted Accounting Principles) - The rules that govern the way accountants generate financial reports. http://www.investopedia.com/terms/g/gaap.asp Basic accounting formula- The formula used in accounting that shows the total assets‚ liabilities‚ and the shareholders equity. Assets = Liabilities + Shareholder Equity. http://www.investopedia.com/terms/a/accounting-equation.asp Transaction‚ t-account- An analysis
Premium Generally Accepted Accounting Principles Financial statements Finance
Definition Scavenger Hunt HSM/260 1. GAAP: Generally Accepted Accounting Principles. A collection of rules and procedures and conventions that are put together and defined as accepted accounting practice. This all includes the broad guidelines and the detailed procedures. http://wordnetweb.princeton.edu/perl/webwn?s=gaap 2. Basic Accounting Formula: Assets= Liabilities + Shareholders’ Equity. Assets: tangible and intangible assets of a business (cash‚ accounts receivable‚ inventory‚ fixed
Premium Generally Accepted Accounting Principles Balance sheet Bookkeeping
Dora’s Balance Sheet Balance Sheets A general ledger is the foundation of a company ’s financial records‚ as they constitute the central summary of a company ’s financial system. Every transaction is recorded through the general ledger. These records remain as a permanent track of the history of all financial transactions since the opening day of the company (Exodus Wellness Center.). The purpose of any business is to increase the owner ’s equity through solid revenues. These revenues increase
Premium Balance sheet Generally Accepted Accounting Principles Income statement
Accrual Method Checkpoint October 2‚ 2011 HSM/260 In a nonprofit organization it is important to make sure we are utilizing the best accounting system for our organization. Organizations that are non-profit are expected to provide financial statements that are based upon the accrual method of accounting. The accrual method of accounting differs from cash basis accounting. In the accrual method‚ income is recognized when services are rendered (Kokemuller‚ 2013)
Premium Non-profit organization Voluntary association Generally Accepted Accounting Principles
Foundations Paper I chose to write about The United Way of America. The reason I chose this organization was because I have seen pretty much advertised in many human service place. Even as a kid‚ I can recall seeing at least the well-known logo that identifies the organization. Before researching and gathering the information needed to complete this paper‚ I knew that this organization was a well known nationally established entity. What I did not know was the extent of it service. I was
Premium United States Health
Accrual Method HSM/ 260 -Financial Management for Human Services Managers July 12‚ 2012 Accrual Method The accrual method records the transaction even before the organization has received the money for the services. The accrual method works the best for nonprofits organizations then profit organizations. For example‚ if the organization supplying a service records the cost of the services‚ and does not wait until they receive the money for the services rendered. The accrual method shows
Premium Pearson Education Generally Accepted Accounting Principles Finance
Capstone 9 Usha Dillard April 17‚ 2013 HSM/260 Wanda Rainey-Reed I think it is very important especially if you want to improve the services that are being provided to the clients‚ no organization wants to have a loss‚ and every organization wants to have growth‚ especially when it deals with health sector. So having a proper financial management for the human service organization would give it an edge over other organization in Quality of Service and Net growth per year. Which I think that
Premium Management Organization Health care
Assignment: Fee Setting Exercise 11.1 You are the executive director. Following the checklist in Figure 11.1‚ perform all the computations necessary to set a fee. What will your fee be? What is your break-even point? What is your go/no-go decision point? Fixed Costs 1. Conference room rental $175.00 $ 175.00 2. Audiovisual equipment Rental 75.00 3. 4 presenters @ $500 2‚000.00 4. Indirect costs @ 25% of $3‚675.00 $ 906.00 5. Profit margin @ 5% of $4
Premium
You Decide-Back to the Drawing Board Student Name HSM 543 February 16‚ 2014 As the CFO of Community Memorial Hospital‚ I have a major problem on my hands that could lead the hospital in a financial bid. Bill Jacobs‚ the Human Resource Director of Commercial Intertech (CI) which is the largest employer in the community‚ has signed a contract MegaPlan Health. MegaPlan is a known insurance company that gives hospitals a very hard time especially when it comes to discounts and fighting claims
Premium Insurance Health insurance Risk