HSM 543 Week 1 Quiz (Winter 2019)/ 20 POINTS | GRADED A+

Week 1: Quiz  Due May 12 at 11:59pm  Points 20  Questions 4  Available May 4 at 11:59pm - May 12 at 11:59pm 8 days  Time Limit 40 Minutes Instructions Here is some information on your quiz.  This quiz is worth 20 points and consists of four multiple choice questions, each worth 5 points.  This quiz will cover COs A and B.  The time allowed for this quiz is 40 minutes. Question 1 5 / 5 pts (CO A) Accounting is generally divided into two categories: financial and managerial. Which of the choices best describes managerial accounting?  Provides accurate accounting information, primarily historic in nature, to external users Correct!  Provides accounting information, generally current, to internal users, including managers  Provides accounting information for external and regulatory users  Provides information for Medicare and Medicaid reports only Provides information for all third-party payers See Nowicki, page 5. Managerial accounting reports usually show dollar amounts and units of measurement, such as inpatient days or number of procedures, to facilitate analysis of performance and efficiencies in scheduling