Managment accounting - Study guides, Revision notes & Summaries

Assume the financial risk one's self. Self Insure A condition where the chance, likelihood, probability or potential loss exists. Risk A form changing the provisions of a policy. Endorsement An accepting of an insurance contract takes place when the insurance company agrees to issue insurance. Acceptance Specifies that the insured may not transfer rights of ownership or interest in an insurance policy to another party without the insurer's written consent. Assi...

MHA 706 Module 1 Exam Questions And Answers 100% Correct Healthcare Finance is the practice of finance, including both accounting and financial management, within health services (provider) organizations Accounting concerns the measurement, in financial (dollar) terms, of events that reflect the resources, operations, and financing of an organization Financial managment provides the theory, concepts, and tools necessary to help managers make better financial decisions Business charac...

Healthcare Finance - Answer: is the practice of finance, including both accounting and financial management, within health services (provider) organizations Accounting - Answer: concerns the measurement, in financial (dollar) terms, of events that reflect the resources, operations, and financing of an organization Financial managment - Answer: provides the theory, concepts, and tools necessary to help managers make better financial decisions Business characteristics - Answer: -obtai...

Healthcare Finance Correct Answer is the practice of finance, including both accounting and financial management, within health services (provider) organizations Accounting Correct Answer concerns the measurement, in financial (dollar) terms, of events that reflect the resources, operations, and financing of an organization Financial managment Correct Answer provides the theory, concepts, and tools necessary to help managers make better financial decisions Business characteristics Corre...

System correct answers a collection of parts that link to achieve a common purpose production correct answers the process where a business takes raw materials and processes them or converts them into a finished product for its goods or services Productivity correct answers the rate at which goods are produced or services performed Systems Thinking correct answers a way of monitoring the entire system by viewing multiple inputs being processed or transformed to produce outputs while cont...

The CO is a person with the authority to enter into, administer, and/or terminate contracts and make related determinations and findings. True What part of teh FAR prescribes policies and procedures for assigning and perofrming contract administration and contract audit services? 42 The CO may delegate additional functions to the CAO beyond those listed in FAR 42.302 False In a postaward meeting, the CO will conduct a preliminary meeting of government personnel and will designa...

BA105 Exam Questions with All Correct Answers revenue - Answer-incoming money Expenses - Answer-the costs of operating a business profit - Answer-The financial gain made in a transaction Calculating Gross Profit - Answer-net sales - cost of goods sold Calculating Net Income - Answer-Revenues - Expenses Good vs. Service economy - Answer-economies shift over time from goods to services, we are more of a service world Marketing - Answer-works to identify and satisfy customers' ...

CFCI Study Guide 2024 with Complete Solutions Fraud - Answer- "Any illegal acts characterized by deceit, concealment, or violation of trust. These acts are not dependent upon the perpetrated by individuals and organizations to obtain money, property, or services; to avoid payment or loss of services; or to secure personal or business ad-vantage." Main types of fraud - Answer- Internal Fraud and External Fraud Internal Fraud - Answer- Activities that may be criminal, committed within an ...

Why is cost accounting so important in health care? correct answers Though costs have such a minor role in deermining prices, cost accounting is very important in a healthcare organization. Because reimbursment is predetermined, managment must focus primarily on finding ways tomanage cosgts, so cost accougtning is critical. Cost information is uselful to a variety of key decisionmakers in a healthcare organization. Different concepts of cost are required for different purposes. Thefore it is imp...

CFCI Study Guide – Updated Questions And Answers Rated A+ 2024. Fraud - correct answer. "Any illegal acts characterized by deceit, concealment, or violation of trust. These acts are not dependent upon the perpetrated by individuals and organizations to obtain money, property, or services; to avoid payment or loss of services; or to secure personal or business ad-vantage." Main types of fraud - correct answer. Internal Fraud and External Fraud Internal Fraud - corr...