Reporting Practices and Ethics Meredith Kruse HCS 405 November 9, 20015 Joseph Shin Reporting Practices and Ethics Healthcare organizations are business entities like any other and the finances require detailed management to ensure that the business operates effectively and efficiently. There are specific elements required to measure the financial success of these companies. When exploring the accepted accounting principles, it is crucial that all involved parties understand the business
Words: 971 - Pages: 4
Reporting Practices and Ethics Monika Kaloyanova HCS/405 August 31st 2015 Professor Joe Gazdik Introduction There are a lot of important parts in health care organizations but what sticks out the most is financial management. Financial management needs to be taken seriously and everything has to be done accurately because there are consequences if errors occur and the organization cannot function properly. It also helps to see the profit and loss that the organization is having and to see
Words: 859 - Pages: 4
Reporting Practices and Ethics Latarshia Jackson HCS 405 February 19, 2012 Conway Brew Reporting Practices and Ethics The misrepresentation of financial reports for any organization can bring about dire consequences. A financial accounting system provides insight into the company expectations and Many organizations depend on account management that works closely with organization management performance. Having effective management of accounting information, allows an organization to be able
Words: 1152 - Pages: 5
Reporting Practices and Ethics Yolanda Jones HCS/405 March 10, 2014 Darlene Tomlinson Page Break Reporting Practices and Ethics The healthcare industry is a rapidly growing segment of the U.S. economy, amounting to over $2.1 trillion annually. Healthcare focuses on diagnosis, treatment, and prevention among other things. Health care makes up one sixth of the U.S. GDP it is the largest source of the nation's public expenditures. With large amounts of revenue going in
Words: 1309 - Pages: 6
Reporting practices and ethics Rachel Salermo HCS/405 September 3, 2012 Michael Shin Reporting practices and ethics Financial reporting practices are necessary in any successful business. They are used to keep track of a business finances, and to make sure the business is following legal and ethical standards. There are four elements to financial management; they are planning, controlling, organizing/directing, and decision making. Each of these plays a vital role in correctly reporting finances
Words: 956 - Pages: 4
Reporting Practices and Ethics Paper HCS/405 March 7, 2016 Reporting Practices and Ethics Paper Generally accepted accounting principles (GAAP) represent the general rules, standards, and practices that are used in accounting. GAAP are required for businesses when reporting financial records. When preparing financial statements, a company’s accountant is mandated to use these principles before they issue these statements to investors and other entities outside of the business. The objective
Words: 737 - Pages: 3
Reporting Practices and Ethics Paper Margaret Rovaris HCS/405 July 27, 2015 Terri Andrews Reporting Practices and Ethics Paper All businesses have their certain reporting practices and ethics standards within their company. It is mandatory for them to have standards on how they will conduct their business in order to be successful. It is the same for the healthcare organizations. The healthcare finance manager should be very knowledgeable of the general financial ethical standards so
Words: 821 - Pages: 4
Reporting Practices and Ethics Paper Holly Polk HCS/405 Sandra DiPietro April 9,2012 Reporting Practices and Ethics Financial management helps health care organization's to assist in balancing the inflows and outflows that are part of the business. There are about four recognized elements of financial management which are planning, controlling, organizing and directing, and decision making. Planning help the financial manager identify the steps that must be taken to complete objectives
Words: 757 - Pages: 4
Reporting Practices and Ethics Paper Ruby Anderson HCS/405 12/15/14 Jennifer Noren Reporting Practices and Ethics Paper Financial reporting practices and ethical Standards in health care Generally accepted accounting principles are shaped by economic and political forces. It follows increased world-wide integration of both markets and politics. Since most market and political forces are driven by reductions in communication and information processing costs makes them remain local for foreseeable
Words: 872 - Pages: 4
Reporting Practices and Ethics Paper HCS 405 Reporting Practices and Ethics Paper According to the American Medical Association’s Code of Medical Ethics, “a physician shall support access to medical care for all people” (Zonana, 2001, p.1). This principle becomes an ethical dilemma, however; in our currently divided system in which those without insurance are not provided the same access to health care as those with insurance. Health care providers are continually obligate to balance
Words: 855 - Pages: 4
