Lsus mha 706 - Study guides, Class notes & Summaries

MHA 706 Module 2 (LSUS MHA 706) Financial Accounting - CORRECT ANSWER-involves identifying, recording and communicating the operational results and status of organization. (i.e. income statement, statement of changes in equity, balance sheet, and statement of cash flows) Do not for profit organizations have to prepare financial statements? - CORRECT ANSWER-Yes- they also have stakeholders and managers that have an interest in financial reporting Should the preparation and presentation of...

LSUS MHA 706 FINAL - LORD questions & answers

MHA 706 Module 2 (LSUS MHA 706) – Q’s And A’s

Cost Driver is the... basis cost pool will be allocated Cost Pool is the... overhead amount to be allocated Overhead Departments are... often called cost centers Indirect Costs Costs of shared resources used by the entire organization Patient Service Departments are... often called revenue centers Direct Costs are... costs unique and exclusive to a department "Dollars in the Cost Pool" / "Total Volume of Cost Driver" = Allocation Rate Effective cost drivers should have what cha...

LSUS MHA 706 FINAL – LORD | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS Cost Driver is the... basis cost pool will be allocated Cost Pool is the... overhead amount to be allocated Overhead Departments are... often called cost centers Indirect CostsCosts of shared resources used by the entire organization Patient Service Departments are... often called revenue centers Direct Costs are... costs unique and exclusive to a depar

The major provisions of the Patient Protection & Affordable Care Act of 2010 were? -Banning of preexisting condition coverage limitations -Free preventative care -Medicaid expansion Which of the following statement(s) about the finance department a t large healthcare organizations is/are correct? -The CFO typically reports directly to the chief executive officer (CEO) -The CFO is usually assisted by a comptroller and treasurer -The department is headed by the chief financial officer (CF...

LSUS MHA 706 MidtermThe major provisions of the Patient Protection & Affordable Care Act of 2010 were? -Banning of preexisting condition coverage limitations -Free preventative care -Medicaid expansion Which of the following statement(s) about the finance department a t large healthcare organizations is/are correct? -The CFO typically reports directly to the chief executive officer (CEO) -The CFO is usually assisted by a comptroller and treasurer -The department is headed by the chief...

MHA 706 Module 2 (LSUS MHA 706)

MHA 706 Module 2 (LSUS MHA 706)

LSUS MHA 706 Midterm Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS The major provisions of the Patient Protection & Affordable Care Act of 2010 were? -Banning of preexisting condition coverage limitations -Free preventative care -Medicaid expansion Which of the following statement(s) about the finance department a t large healthcare organizations is/are correct? -The CFO typically reports directly to the chief executive officer (CEO) -The CFO is usually a...