Managment accounting - Study guides, Revision notes & Summaries

PHRCA PRACTICE EXAM QUESTIONS AND ANSWERS LATEST UPDATED 2024/2025 100% CORRECT. PERT Chart (Program Evaluation and Review Technique) - AnswerWhich of the following BEST shows a project's critical path? Identifying threats and opportunities - AnswerWhich of the following is an integral part of strategy development? SHRM - AnswerLargest HR-related professional organization in the world? Formerly known as American Society for Personnel Administration Supply Chain - AnswerNot commonly perform...

MHA 706 Module 1 (LSUS MHA 706) with Complete SolutionsMHA 706 Module 1 (LSUS MHA 706) with Complete SolutionsMHA 706 Module 1 (LSUS MHA 706) with Complete SolutionsMHA 706 Module 1 (LSUS MHA 706) with Complete SolutionsHealthcare 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, operatio...

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 ...

What are the two general kinds of accounting? What are the uses of them? Financial: --> outside users to determine financial health and firm profitability Managerial: --> inside users to examine internal processes/products to evaluate managment/current operations What is accounting? The process of recording, summarizing, and analyzing financial transactions. Who uses the different kinds of accounting and for what decisions? Financial: 1. Investors/Analyst 2. Creditors 3. Suppliers 4. Sh...

WGU C214 Financial Managment Topic 2 Accounting is backward-looking and risk free Finance is forward-looking and involes massive uncertainty Income Statement - show results of operation over time; - revenues - expenses = net income - Think of the income statement as a video camera tracking performance for a period. - usually regarded as the most difficult to analyze and interpret. Balance Sheet - a "snap shot" of a firm's assests & financing at a paticular point in time - view...

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 ...

WGU C214 Financial Managment Topic 2 Accounting is backward-looking and risk free Finance is forward-looking and involes massive uncertainty Income Statement - show results of operation over time; - revenues - expenses = net income - Think of the income statement as a video camera tracking performance for a period. - usually regarded as the most difficult to analyze and interpret. Balance Sheet - a "snap shot" of a firm's assests & financing at a paticular point in time - view...

Why is cost accounting so important in health care? correct answer: 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 im...

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 ...

Why is cost accounting so important in health care? - Answer- 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 imporant ...