Discussion Questions • Why is it important that financial accounting systems report performance fairly and factually? One of the biggest reasons it is important that financial accounting systems reports performance fairly and factually is to avoid legal actions in regards to accounting fraud. Recent downfalls of organizations due to financial misrepresentations and financial fraud have caused a huge downfall in our society. It is important for management accounting
Premium Non-profit organization
Financial Statements Review Health Care Financial Accounting-HCS/405 May 4‚ 2015 Facilitator Introduction It is essential in any business‚ not just health care to understand how finances directly affect the growth‚ success and longevity of the business and all its parts. To truly understand how finance affects business it is important to gain knowledge and understanding of how the business generate revenue ‚the cash flow of money that comes into the business‚ how bills are paid and money leaves
Premium Finance Economics Health care
Practices and Ethics Paper Tiffany Swartz HCS/405 Todd Brown November 19‚ 2012 Introduction Financial management in the area of healthcare has been an ever changing area. There are generally accepted principles and ethical codes that must be followed when dealing with finances‚ and healthcare facilities must be successful in this aspect for the facility to operate smoothly. This paper will discuss the four elements of financial management‚ some generally accepted principles
Premium Management Business ethics Ethics
Week 2Health Care Terms Worksheet HCS/212 Version 3 Copyright © 2013 by University of Phoenix. All rights reserved. 1 Week 2Health Care Terms Worksheet HCS/212 Version 3 University of Phoenix Material Week 2 Health Care Terms Worksheet Understanding health care terms is a prerequisite for both academic and professional success. This assignment is intended to ensure you understand some of the basic terms used in this course. Complete the worksheet according to the following guidelines:
Premium Medical terms
Eight Basic Ratios Used in Health Care Carrie "Shellie" Cobbs Health Care Financial Accounting HCS 405 Robert Hammer November 10‚ 2013 Eight Basic Ratios Used in Health Care Solvency Ratios 5. Debt Service Coverage Ratio (DSCR) is figured Unrestricted Net Assets + Interest + Depreciation / Maximum Annual Debt Service DSCR 2009 (Unaudited) 627 + 3708 + 36‚036 = 40‚371 40‚371 / 14‚609 = 2.76 DSCR 2008 (Unaudited) 15‚846 + 3597 + 24‚955 = 44‚398 44‚398 / 4‚195 = 10.5 DSCR 2009 (Audited) 36‚036 + 3‚708
Premium Generally Accepted Accounting Principles Asset Net income
Week 2 discussion questions What are the largest expense categories incurred by health care service organizations? In opinion‚ one of the biggest expenses for medical facilities is unpaid services. Costs occurred from patients that are unpaid privately or not fully reimbursed from insurance companies would be one of the biggest expenses incurred in health care services. Another expense that is high on the list of expenses for health care services would be equipment and personnel
Premium Health care Health insurance Medicine
and Ethics Kara Moore HCS/405 August 1‚ 2011 Barbara Archer Reporting Practices and Ethics Financial reporting practices and ethics have manifested an ocean of literature. This has mainly come from organization theorists that address accounting practices. These theorists and professionals have given fresh accountability measures. Their ideals give this industry the tools needed to survive‚ grow and prosper. The way an organization prepares and reports its financial information and handles
Premium Financial statements Annual report Balance sheet
and Ethics Michele R. Morris HCS/405 December 18‚ 2010 Todd A. Brown Reporting Practices and Ethics Financial practices and ethical finance are important in the health care industry. Both are important to produce a successful health care organization. Here we will discuss the four elements of financial management‚ generally accepted accounting practices‚ and general financial ethics standards. Financial Management There are four elements of financial management (Baker &Baker‚ 2011)
Premium Business ethics Ethics Morality
University of Phoenix Material Week Four Health Care Financial Terms Worksheet Understanding health care financial terms is a prerequisite for both academic and professional success. This assignment is intended to ensure you understand some of the basic terms used in this course. Complete the worksheet below according to the following guidelines: In the space provided‚ write each term’s definition as used in health care management. You must define the term in your own words. In the space
Premium Health care Barack Obama Time
University of Phoenix Material Week 5 Health Care Terms Worksheet Submitted by: Kendra Farmer Term Definition Use the term in a sentence as it applies to the health care industry. Consumer A consumer is someone who buys a service or good for their own satisfaction. I am considered a consumer when I decided to purchase a Dell computer for nursing school. Medicare Medicare is a federal health program for individuals 65 or older‚ those with no age limit who have disabilities and those with End-Stage
Premium Medicine Health care Health insurance