ACHE FINANCE FROM IN-PERSON REVIEW COURSE TEST QUESTIONS WITH ALL CORRECT DETAILED ANSWERS GRADED A+
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ACHE FINANCE FROM IN-PERSON
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ACHE FINANCE FROM IN-PERSON
ACHE FINANCE FROM IN-PERSON REVIEW COURSE TEST QUESTIONS WITH ALL CORRECT DETAILED ANSWERS GRADED A+
The accounting concept that relates to uncertainty dictating understating volumes and revenues and overstating expense is
A). Conservatism
B). Materiality
C). Full disclosure
D). Go...
ACHE FINANCE FROM IN-PERSON
REVIEW COURSE TEST QUESTIONS
WITH ALL CORRECT DETAILED
ANSWERS GRADED A+
The accounting concept that relates to uncertainty dictating understating volumes and
revenues and overstating expense is
A). Conservatism
B). Materiality
C). Full disclosure
D). Going concern - Answer-A). Conservatism
An accounting method that recognizes revenue when they are earned and recognizes
expenses when they are incurred is called
The part of Medicare that attempts to integrate the delivery of care is
A). Part A
B). Part B
C). Part C
D). Part D - Answer-C). Part C
The purpose of the statement of operations, or income statement is to
A). Present the financial position of the organization at a specific point in time
, B). Present the reasons net assets changed from one period to another
C). Present cash receipts and where they came from and cash disbursements and
where they went during an accounting period
D). Present the operating results of the organization over a period of time - Answer-D).
Present the operating results of the organization over a period of time
According to the 2010 AICPA Audit Guide for Health Care Organizations, the statement
of operations, or income statement, presents charity care in the following manner:
A). As a note to the financial statements based on cost
B). As an expense based on rates
C). As an expense based on costs
D). As a deduction from revenue - Answer-A). As a note to the financial statements
based on cost
Accumulated depreciation is reported on the
A). Statement of operations
B). Balance Sheet
C). Statement of changes in net assets
D). Statement of cash flows - Answer-B). Balance Sheet
Ratios that measure an organization's long-term liquidity are called
A). Liquidity ratios
B). Profitability ratios
C). Capital structure ratios
D). Efficiency ratios - Answer-C). Capital structure ratios
In not-for-profit hospitals, performance indicators are analogous to what in a for-profit
hospital
A). Unrestricted net assets
B). Revenues over expenses
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