Reporting Practices And Ethics

Reporting Practices and Ethics HCS/405 University of Phoenix February 7, 2012 In health c ar organic laws the world everywhere pecuniary practices and moral school of thought are vital to their overall success. some(prenominal) times pecuniary and respectable practices are endorsed by health sustenance organizations to support their billing statement or values, and to see to it compliance and accuracy of financial statements. In tell apart for a health care private instructor to understand financial practices and ethics ane must first grasp the four elements of financial management, flip knowledge of the largely accepted accountancy principles, and accounting reform. fiscal Management The four elements of financial management are final examination causening, controlling, organizing and directional, and purpose fashioning. Each of these four parts of financial architectural forgening are geared toward the function of from each unrivalled speci fic task. 1. Planning involves a manager identifying needed travel to take in order to fulfill the organizations goals. In short the manager must identify the goal, and indeed choose steps that will lead to moveing that goal. 2. Controlling consists of ensuring the plan set forth to attain the set goal is world catched.

Often times a comparison is the take up counsel to assess whether or not the plan chosen is the best passageway to get to the goal, as well as feedback from employees. 3. Organizing and directing involves the manager using resources provided by the health care orga nization in order to follow the set plan, an! d checking in perfunctory on the progress of the plan so that one nooky make sure the plan is being followed (Baker & Baker, JD, 2011). 4. purpose making is part of the process of financial management from origination to end and is used during each of the previously mentioned elements. Decision making involves using information to try and evaluate the best route to take to get to the desired goal. Generally Accepted accountancy Principles In the United States the generally accepted...If you want to get a full essay, order it on our website: BestEssayCheap.com

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