Accounts receivable ar - Study guides, Class notes & Summaries

AAHAM CRCS-P Study Questions with Correct Answers CRCS - Correct Answer ️️ -Certified Revenue Cycle Specialist AAHAM - Correct Answer ️️ -The American Association of Healthcare Administrative Management 1-Day Rule - Correct Answer ️️ -a requirement that all diagnostic or outpatient services furnished in connection with the principle admitting diagnosis within one day prior to the hospital admission are bundled with the inpatient services for Medicare billing. 3-Day Rule - Corr...

1. The system of recording, reporting, and summarizing past financial infor- mation and transactions. ANS Accounting 2. An activity ratio found by credit sales divided by accounts receivable. ANS Ac- counts Receivable Turnover (AR Turnover) 3. A category of ratios that measure how well a company uses its assets to generate sales or cash, showing the firm's operational efficiency and prof- itability. ANS Activity Ratios 4. Another name for the discretionary financing needed or external fin...

Accounting - Answer The system of recording, reporting, and summarizing past financial information and transactions. Accounts Receivable Turnover (AR Turnover) - Answer An activity ratio found by credit sales divided by accounts receivable. Activity Ratios - Answer A category of ratios that measure how well a company uses its assets to generate sales or cash, showing the firm's operational efficiency and profitability. Additional Funds Needed (AFN) - Answer Another name for...

Wall Street Prep Accounting-Exam with complete solutions Liquidity Ratios measures of a firm's short-term ability to meet its current obligations Profitability Ratios measures of a firm's profitability relative to its assets (operating efficiency) and to its revenue (operating profitability) Activity Ratios Measure of efficiency of a firm's assets Solvency Ratios Measure of a firm's ability to pay its obligations Inventory Turnover COGS / avg inventory Receivab...

qAAR - Answer-After-hours activity report ABN - Answer-Advance Beneficiary Notice ACC - Answer-Ambulatory care center Access - Answer-Ability to receive hospital; physician or other medical services without regard to an individual's ability to pay Accounts receivable (A/R) - Answer-Money owed to an organization for goods or services furnished Accounts receivable (A/R) collection period - Answer-Number of days in the accounting period divided by accounts receivable turnover. This r...

Chapter 11 Question and answers rated A+ 2023/2024 As discussed in the text, the functions of the billing/accounts receivable/cash receipts process: - correct answer incomes collections of receivables According to the concept of segregation of duties, which of the following managers should report to the controller rather than to the treasurer? - correct answer accounts receivable department manager In an organization in which the order entry/sales (OE/S) and billing/accounts receivable/c...

Accounting - The system of recording, reporting, and summarizing past financial information and transactions. Accounts Receivable Turnover (AR Turnover) - An activity ratio found by credit sales divided by accounts receivable. Activity Ratios - A category of ratios that measure how well a company uses its assets to generate sales or cash, showing the firm's operational efficiency and profitability. Additional Funds Needed (AFN) - Another name for the discretionary financing needed or exte...

2024 CRCR Definitions | Complete Answers 100% Correct 1. Access Answer: Ability to Receive Hospital, Physician or other Medical Services without Regard to an Individual's Ability to Pay 2. Accounts Receivable (A/R) Answer: Money owed to an Organization for Goods or Services Furnished 3. Accounts Receivable (A/R) Collection Period Answer: Number of Daysin the Accounting Period divided by the accounts receivable turnover.This ratio tells you the average time it takes to collect amount...

Chapter 11As discussed in the text, the functions of the billing/accounts receivable/cash receipts process: - correct answer incomes collections of receivables According to the concept of segregation of duties, which of the following managers should report to the controller rather than to the treasurer? - correct answer accounts receivable department manager In an organization in which the order entry/sales (OE/S) and billing/accounts receivable/cash receipts (B/AR/CR) processes are sepa...

C214 Financial Management Final Exam Questions With Answers Accounting - ANSWER- The business function responsible for creating the historical financial statements. Accounts Payable - ANSWER- A current liability that represents any money the firm owes suppliers and other firms. Typically the firm does not pay interest on accounts payable. Accounts Receivable (AR) - ANSWER- A type of current asset which represents any money owed to the firm for services rendered. Accounts Receivable (...