MHSM 3335.V01 FINANCIAL MANAGEMENT FOR HEALTHCARE TEST BANK MHSM

In summary, the chart of accounts: A. Is a map that the financial manager must and should understand B. Can be infinitely customized for an organization’s purpose C. Has generic example available for reference purposes D. A & B E. A& C F. B & C G. All of the above 2. Mountain View Nursing Facility uses a chart of accounts format that is made up of three sets of digits. The first set of digits represents the financial statement element, the second is for primary sub classification and the third is for a secondary sub classification. To which of these three sets of digits would “Petty cash for the front office” belong to? The: A. Financial statement element B. Primary sub classification C. Secondary sub classification D. None of the above 3. Of the four segments that make a healthcare financial system work, which segment gathers evidence that an event has occurred? A. The reporting system B. The accounting system