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Accounting Fundamentals for Health Care Management

by: Finkler, Steven A.; Ward, David M.

Accounting Fundamentals for Health Care Management

by: Finkler, Steven A.; Ward, David M.

ISBN 13:
9780763726751
ISBN 10:
0763726753
Edition: 1st
Format: Paperback
Copyright: 03/03/2006
Publisher: Jones & Bartlett
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Summary

Accounting Fundamentals for Health Care Management is the ideal text for an introductory course in financial management in both undergraduate and graduate programs. As most courses focus on basic accounting, this is the first book that focuses on basic accounting in health care management. This book is an essential for anyone who manages a department and a budget.

Preface

CHAPTER 1 Introduction to Health Care Accounting and Financial Management

(6)

Do I Really Need to Understand Accounting to Be Effective in My Health Care Organization?

(1)

What Is Financial Management?

(1)

What Are the Goals of Financial Management Within Health Care Organizations?

(4)

How Does Accounting Fit into Financial Management?

(1)

Key Concepts

(1)

Test Your Knowledge

(1)

CHAPTER 2 The Financial Environment of Health Care Organizations

(4)

How Do We Get Paid?

(1)

Why Do Different Patients Pay Different Amounts?

(1)

How Does All This Impact Financial Accounting?

(1)

Key Concepts

(1)

Test Your Knowledge

(2)

CHAPTER 3 Accounting Concepts

(10)

Basics

(1)

Assets

(1)

Liabilities

(1)

Owners' Equity/Net Assets

(1)

The Accounting Equation

(1)

Fund Accounting

(1)

Generally Accepted Accounting Principles

(4)

Key Concepts

(1)

Test Your Knowledge

(1)

CHAPTER 4 Introduction to the Key Financial Statements

(6)

The Balance Sheet—How Much Do We Have and What Do We Owe?

(2)

The Income or Operating Statement—How Much Did We Make?

(1)

The Statement of Cash Flows—Where Did All Our Cash Go?

(1)

Notes to Financial Statements—What Do the Financial Statements Really Mean?

(1)

Key Concepts

(1)

Test Your Knowledge

(2)

CHAPTER 5 Valuation of Assets and Equities

(8)

Asset Valuation—How Does That Old Building Show Up on the Balance Sheet?

(4)

Valuation of Liabilities—What Do We Really Owe?

(1)

Valuation of Net Assets and Owner's Equity—Is It Really Just What's Left Over?

(1)

Key Concepts

(1)

Test Your Knowledge

(2)

CHAPTER 6 Recording Financial Information

(12)

Double Entry and the Accounting Equation—The Golden Rule of Accounting

(1)

Debits and Credits: The Accountant's Secret

(2)

Recording the Financial Events

(6)

T-Accounts

(1)

Chart of Accounts

(1)

Key Concepts

(1)

Test Your Knowledge

(1)

CHAPTER 7 Reporting Financial Information: A Closer Look at the Financial Statements

(10)

Ledgers

(1)

Healthy Hospital's Financial Statements

(8)

Key Concepts

(1)

Test Your Knowledge

(1)

CHAPTER 8 The Role of the Outside Auditor

(8)

The Audit

(4)

Next Steps

(1)

Key Concepts

(1)

Test Your Knowledge

(2)

CHAPTER 9 Depreciation: Having Your Cake and Eating it Too!

(10)

Amortization

(1)

Asset Valuation for Depreciation

(3)

Straight-Line Versus Accelerated Depreciation

(1)

Comparison of the Depreciation Methods

(2)

Modified Accelerated Cost Recovery System

(2)

Depreciation and Deferred Taxes: Accounting Magic

(1)

Key Concepts

(1)

Test Your Knowledge

(1)

CHAPTER 10 Inventory Costing: The Accountant's World of Make-Believe

(8)

The Inventory Equation

(1)

Periodic Versus Perpetual Inventory Methods

(2)

The Problem of Inflation

(1)

Cost-Flow Assumptions

(3)

Key Concepts

(1)

Test Your Knowledge

(1)

CHAPTER 11 An Even Closer Look at Financial Statements

(14)

The Balance Sheet

(6)

Statement of Operations

(3)

Statement of Cash Flows

(3)

The Notes to the Financial Statements

(1)

Key Concepts

(1)

Test Your Knowledge

(1)

CHAPTER 12 Notes to the Financial Statements: The Inside Story

(6)

Significant Accounting Policies

(2)

Other Notes

(1)

Summary

100

(1)

Key Concepts

101

(1)

Test Your Knowledge

101

(2)

CHAPTER 13 Ratio Analysis: How Do We Compare to Other Health Care Organizations?

103

(18)

Benchmarks for Comparison

103

(2)

Common Size Ratios

105

(5)

Liquidity Ratios

110

(2)

Efficiency Ratios

112

(3)

Solvency Ratios

115

(1)

Profitability Ratios

116

(1)

Return On Investment (ROI) Ratios

117

(3)

Key Concepts

120

(1)

Test Your Knowledge

120

(1)

CHAPTER 14 Working Capital Management and Banking Relationships

121

(16)

Working Capital Management

121

(1)

Short-Term Resources

121

(8)

Managing the Revenue Cycle

129

(1)

Short-Term Obligations

130

(4)

Banking Relationships

134

(1)

Key Concepts

135

(1)

Test Your Knowledge

136

(1)

CHAPTER 15 Investment Analysis: What Should We Do Next?

137

(16)

Investment Opportunities

137

(1)

Data Generation

138

(1)

The Payback Method

138

(2)

Time Value of Money

140

(7)

The Net Present Value Method

147

(3)

Internal Rate of Return Method

150

(1)

Project Ranking

150

(1)

Summary

151

(1)

Key Concepts

151

(1)

Test Your Knowledge

152

(1)

CHAPTER 16 Capital Structure: Long-Term Debt and Equity Financing

153

(10)

Charitable Giving

153

(1)

Common Stock

154

(1)

Debt

154

(1)

Preferred Stock

155

(1)

Cost of Capital

155

(1)

Other Elements of Capital Structure

156

(2)

Dividends

158

(1)

Getting Capital

159

(2)

Key Concepts

161

(1)

Test Your Knowledge

161

(2)

CHAPTER 17 Case Study: Happy Hospital

163

(16)

Recovering from New Year's Eve: Is it Really the Start of Another Year?

163

(1)

What Should We Do with All That Money?

163

(6)

What a Busy Year! Tracking Financial Events

169

(1)

Time to Close the Books

170

(2)

Putting Together the End-of-Year Financial Statements

172

(1)

How Did We Do? Using Ratio Analysis

172

(7)

Index

179

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Accounting Fundamentals for Health Care Management

Accounting Fundamentals for Health Care Management

9780763726751

0763726753

Summary

Table of Contents

Supplemental Materials

Write a Review

Amazon no longer offers textbook rentals. We do!

Accounting Fundamentals for Health Care Management

Accounting Fundamentals for Health Care Management

9780763726751

0763726753

Summary

Table of Contents

Supplemental Materials

Write a Review

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