Financial managment Study guides, Study notes & Summaries

Why is cost accounting so important in health care? correct answer: Though costs have such a minor role in deermining prices, cost accounting is very important in a healthcare organization. Because reimbursment is predetermined, managment must focus primarily on finding ways tomanage cosgts, so cost accougtning is critical. Cost information is uselful to a variety of key decisionmakers in a healthcare organization. Different concepts of cost are required for different purposes. Thefore it is im...

This is a summary of the content given in the Banking and Finance part of the course Financial Management. It's based on the PowerPoints and class notes. I passed this exam first try.

Replacement Cost Method - ANSWERSdetermining what it would cost to start the company from scratch today. Hard to estimate intangible assets. Used least, under estimates as it ignores growth. Comparable Multiples Method - ANSWERScomparing similar firms to determine valuation. Uses PE (price/earnings) ratio Earnings yield - ANSWERSearnings/price; more accurate when earnings are close to zero Discounting Cash Flow (DCF) method - ANSWERSdetermines value of any asset using Free Cash Flow; th...

Five Catagories of Real Estate Properties - correct answer -(1) Residential, (2) Commercial, (3) Industrial, (4) Farm & Land/ Agriculture (5) Special Purpose Apartment Locator - correct answer -A real estate license holder who locates dwelling units for prospective tenants Tenant - correct answer -one who possesses (rents) real property for a period of time, usually under a lease. The property or estate is normally owned by the landlord. Broker - correct answer -Someone who assists in b...

CCM EXAM WITH COMPLETE SOLUTIONS 100% 2023/2024 Community ALternatives Agenicies, outside an institutional setting, which porovide care, support, and/or services to people with disabilities. developmental disability any mental or physical disability that has na onset before age 22 and may continue indefinately. mental retardation, CP, autism, epilepsy, sensory impairment, TBI, MDystrophy, polio may be considered developmentally disabled. care managment a health care delivery proces...

RHIT Exam Definition set Interdisciplinary patient care plan - correct answer The special form or view that plays the central role in planning and providing care at nursing, psychiatric, and rehabilitation facilities case-mix index (entire facility) - correct answer [SUM(Relative Weight * # of Pt w/ that MS-DRG)] / Total # of Pt Nationally uniform conversion factor - correct answer A numerical factor (dollar amount) used to multiply or divide a quantity when converting from one system of ...

BA105 Exam Questions with All Correct Answers revenue - Answer-incoming money Expenses - Answer-the costs of operating a business profit - Answer-The financial gain made in a transaction Calculating Gross Profit - Answer-net sales - cost of goods sold Calculating Net Income - Answer-Revenues - Expenses Good vs. Service economy - Answer-economies shift over time from goods to services, we are more of a service world Marketing - Answer-works to identify and satisfy customers' ...

NR599 Final Exam 100% Study Guide Questions With Complete Solutions 2024 Ethical Decision Making - ANSWER when making choices about issues based on the standards of right vs wrong Ethical Decision Making - ANSWER It requires a systematic framework for addressing the complex and often controversial moral question Bioethical Standards - ANSWER Autonomy, freedom, veracity, privacy, beneficence, and fidelity are maximally appropriate to the health care setting. fidelity - ANSWER faithful...

human resource management questions and answers 2023 human resource management utilization of individuals to achieve organizational objectives concern of all managers at every level face a multitdue of challanges Staffing process of ensuring the organization always has: required number of employees employees with approiate skills employess in the right jobs at the right time constant job anaylsis, human resource planning, recruitment, and selection job analysis systamitic ...

Healthcare Finance - CORRECT ANSWER-is the practice of finance, including both accounting and financial management, within health services (provider) organizations Accounting - CORRECT ANSWER-concerns the measurement, in financial (dollar) terms, of events that reflect the resources, operations, and financing of an organization Financial managment - CORRECT ANSWER-provides the theory, concepts, and tools necessary to help managers make better financial decisions Business characteristics ...