Ache finance - Study guides, Class notes & Summaries

ACHE FINANCE TEST QUESTIONS WITH REVISED AND UPDATED ANSWERS What is fund accounting - Answer-Fund accounting is a record-keeping method to manage categories of net assets to ensure compliance with the restrictions on those funds. Allows NFP/govt agencies have separate entities for specified activities such as operating/general/specific purpose/plant replacement/endowment. each fund self balances such that assets equal liability added to net fund balance Does operating revenue on a statemen...

ACHE FACHE BOG Finance Exam | Questions and Answers Graded A+ ACHE FACHE BOG Finance Exam | Questions and Answers Graded A+ ACHE FACHE BOG Finance Exam | Questions and Answers Graded A+

ACHE WEEK 3 AND 4 FINANCE TEST QUESTIONS WITH CORRECT DETAILED ANSWERS Accounting methods - Answer-Cash accounting Accrual accounting Advantages of cash accounting - Answer-... Advantages of accrual accounting - Answer-... 4 financial statements - Answer-... Statements of operation - Answer-... What is the purpose of the statement of operation - Answer-Present the operating results over a period of time Diff between gross and net patient service revenue - Answer-... D...

ACHE – FINANCE ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) ALREADY GRADED A+ (NEWEST VERSION) Current Procedural Terminology - Answer-A set of medical codes used to report medical, surgical and diagnostic procedures and services. Current Liabilities - Answer-Economic obligations, or debts, that are due within one year. Current Assets - Answer-Resources that an organization expects to consume within one year. Continuous Budgets - Answer-Budge...

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 A). Cash accounting B). Accrua...

ACHE FACHE HC FINANCE (2023 – 2024) WITH LATEST COMPLETE SOLUTION Definition and Rule of Inurement - CORRECT ANSWER-- Diversion of funds to persons in governance or mgt as a result of their position of trust - Directors, officers, trustees are prohibited from engaging in business that allows them to derive financial advantage from their governing board role (conflict of interest) What is a best practice (as far as how soon in days) in receiving payments from date of invoice? - CORRECT...

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