Fache board of governors Study guides, Revision notes & Summaries

FACHE Board of Governors Exam study guide 2023 - FINANCE ...

For the routine service cost center, an increase in the number of patient days over the budgeted number of patient days will result in: 1. A higher average cost per patient day. 2. A lower average cost per patient day. 3. An increase in the budgeted fixed costs for the routine service cost center. 4.No change in the average cost per patient day. - ANSWER-2. Which of the following balance sheet items would differ between a for-profit and a not-for-profit healthcare organization? 1.Ret...

ACHE FACHE Board of Governors Exam Human Resources Questions and Answers (2023 / 2024) (Verified Answers)

ACHE FACHE Board of Governors Exam Quality and Performance Questions and Answers (2023 / 2024) (Verified Answers)

What is the purpose of financial accounting? - provide retrospective financial statements for shareholders GAAP - generally acceptable accounting principles FASB - Financial Accounting Standards Board Assumptions and Principles - Separate Entitiy Going Concern Historical Cost Convention (Accounting costs, not mkt Val) Accrual Accounting (matching rev and exp) Balance Sheet - provides point in time picture of financial position of an organization assets in order of...

FACHE Board of Governor’s Weeks 1-12 Combined 304 Questions and Answers Latest Update 2023/2024 Graded A++. Healthcare organizations had established standards to maintain data security and protect the privacy and confidentiality of patients' records information. Which one of the following answers does not describe its data security elements: a) Protect against system failures b) Protect against external catastrophic events c) Facilitate access to computer files to authorized personnel ...

FACHE Board of Governor’s Practice Exam Questions With Answers Latest Update 2023/2024 Graded A+. According to the ACHE's Code of Ethics, one way that healthcare executives can avoid or minimize the negative implications of conflict of interest is to: a. Develop a public relations plan to address potential conflict-of-interest scenarios. b. Not participate in the specific decision where conflict may exist. c. Ensure members submit annual lists of major activities and holdings for inspecti...

FACHE WK 1 Governance & Organizational Structure 2023 – 2024 Updated Solution The voting rights of "Ex Officio" members is determined by: a) The CEO b) The Board Chair c) The By-laws d) The Governance Committee - CORRECT ANS - C Which of the following is not a reason for sanctions to be brought against members of a governing board? a) Unreasonable compensation b) Revenue based compensation c) Participation in bargain sales d) Assumption of management verses governance role -...

FACHE Exam Questions 100% Verified Correct A+ RATED Sarbanes Oxley - CORRECT ANS - US federal law that set new or expanded requirements for all US public company boards, management and public accounting firms. Cover responsibilities of a public corporation's board of directors, adds criminal penalties and required SEC to create regulations FMLA - CORRECT ANS - 1993: law requiring covered employers to provide employees with job-protected and unpaid leave for qualified medical family rea...