20 Jun Question Financial Concepts and Reports
Question
Financial Concepts and Reports
Consult Ch. 1 & 2 and the glossary of Health Care Finance as well as other outside sources as necessary to complete the assignment form below.
Part 1: For each term in Column A, select the correct definition from Column B on the right. Write the corresponding letter of the definition next to the term.
Column B – Definitions
A. Inflow of money to the organization
B. Responsible for service delivery
C. Generated during reporting period of an organization
D. Costs that relate to earning revenue
E. A map outlining the elements of an organization
F. Steps that must be taken to accomplish the organization’s objectives
G. Illustrates all transactions for a reporting period
H. Comparing reports from earlier periods
I. Responsible for data accumulation
J. Exempt from paying income taxes
K. Provides immediate operating information
Column
1. Quarterly reporting
2. Revenue
3. Clinical view
4. Nonprofit organization
5. Process view
6. Planning
7. Cont
Part II:For each real-world example on the right, select the correct term from the list on the left. Write the corresponding letter of the real-world example next to the term.
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