LSUS MHA 706 MIDTERM EXAM
STUDY GUIDE 2024 |
FINANCIAL MANAGEMENT
MIDTERM | QUESTIONS
AND CORRECT ANSWERS | LATEST
VERSION | ALREADY GRADED A+
ANSWERS FROM PAGE 27.
,LSUS MHA 706 MIDTERM EXAM STUDY
GUIDE 2024 | FINANCIAL MANAGEMENT
MIDTERM | QUESTIONS AND CORRECT
ANSWERS | LATEST VERSION |
ALREADY GRADED A+
healthcare finance -------------------------------the accounting and financial management
principles and practices used within health services organizations to ensure the
financial well-being of the enterprise
healthcare sector -------------------------------consists of a diverse collection of
industries
that involve the healthcare of the population
provider -------------------------------an organization that provides healthcare services
,business -------------------------------maintains financial viability by selling goods or
services
pure charity -------------------------------relies solely on contributions
finance -------------------------------consists of both accounting and financial
management
functions
primary role of finance -------------------------------to plan for, acquire, and use resources
to
maximize the efficiency and value of the enterprise
accounting -------------------------------concerns the recording of economic events
that
reflect the operations, resources, and financing of an organization
financial management -------------------------------provides the theory, concepts, and
tools
necessary to help managers make better financial
decisions
planning and budgeting -------------------------------involves evaluating the
financial
effectiveness of current operations and planning for the future
financial reporting -------------------------------recording and reporting to outsiders
the
results of operations and current financial status
, capital budgeting -------------------------------the process of analyzing and choosing
new
fixed
assets
financing decisions -------------------------------all organizations must raise capital to
buy
the assets necessary to support operations
working capital management -------------------------------a managerial accounting
strategy
focusing on maintaining efficient levels of both components of working capital, current
assets and current liabilities, in respect to each other
contract management -------------------------------the process of managing contract
creation, execution and analysis to maximize operational and financial performance at
an organization, all while reducing financial risk
financial risk management -------------------------------the practice of economic value in a
firm by using financial instruments to manage exposure to risk, particularly credit risk
and market risk
four C's -------------------------------costs, cash, capital, and control
cost -------------------------------a resource use associated with providing or supporting
a
specific
service
STUDY GUIDE 2024 |
FINANCIAL MANAGEMENT
MIDTERM | QUESTIONS
AND CORRECT ANSWERS | LATEST
VERSION | ALREADY GRADED A+
ANSWERS FROM PAGE 27.
,LSUS MHA 706 MIDTERM EXAM STUDY
GUIDE 2024 | FINANCIAL MANAGEMENT
MIDTERM | QUESTIONS AND CORRECT
ANSWERS | LATEST VERSION |
ALREADY GRADED A+
healthcare finance -------------------------------the accounting and financial management
principles and practices used within health services organizations to ensure the
financial well-being of the enterprise
healthcare sector -------------------------------consists of a diverse collection of
industries
that involve the healthcare of the population
provider -------------------------------an organization that provides healthcare services
,business -------------------------------maintains financial viability by selling goods or
services
pure charity -------------------------------relies solely on contributions
finance -------------------------------consists of both accounting and financial
management
functions
primary role of finance -------------------------------to plan for, acquire, and use resources
to
maximize the efficiency and value of the enterprise
accounting -------------------------------concerns the recording of economic events
that
reflect the operations, resources, and financing of an organization
financial management -------------------------------provides the theory, concepts, and
tools
necessary to help managers make better financial
decisions
planning and budgeting -------------------------------involves evaluating the
financial
effectiveness of current operations and planning for the future
financial reporting -------------------------------recording and reporting to outsiders
the
results of operations and current financial status
, capital budgeting -------------------------------the process of analyzing and choosing
new
fixed
assets
financing decisions -------------------------------all organizations must raise capital to
buy
the assets necessary to support operations
working capital management -------------------------------a managerial accounting
strategy
focusing on maintaining efficient levels of both components of working capital, current
assets and current liabilities, in respect to each other
contract management -------------------------------the process of managing contract
creation, execution and analysis to maximize operational and financial performance at
an organization, all while reducing financial risk
financial risk management -------------------------------the practice of economic value in a
firm by using financial instruments to manage exposure to risk, particularly credit risk
and market risk
four C's -------------------------------costs, cash, capital, and control
cost -------------------------------a resource use associated with providing or supporting
a
specific
service
