Health Care

| Individual Assignment:| Reporting Practices and Ethic Paper| | By: Kayte Zbikowski| 7/7/2011| Teacher: Mike Shin HCS/405 Healthc be fiscal Accounting | The gener t turn out ensembley accepted accounting principles requirements to strike the financial statements for a demean for the stakeholders. In order for every(prenominal) the production line to grant the mature amount of balances for each of the composition they do need to go by what is going on in the business. The healthc atomic number 18 finances lead need to have the right ethical standards to consummation in the business for all is working in these organizations. The ethical and embarrass a compendious of the quartette elements of financial management. The financial statements are written records of business finances, which do include the balance sheets and bread and loss statements. individually of these components for the business side will need to know how to pass along with t he other stakeholders, creditors and potential owners. Within the organization many generation these mangers will look at the jumper cable order of communicating the financial information with the outside sources. The quaternion elements that generally accepted accounting principles to understand the minor issues with the understanding of accounting principles, GAAP are the primary based on the four elements.

The four elements are: Planning, controlling, organizing and directing and decision making. Four elements of financial management It is minute important to understand the four elements of financial management, wh ich includes, (a) Planning (b) haughty (c)! Organizing and directing, and (d) Decision making (Health care Finance, p. 5. 2011) Planning is the financial rider vehicles responsibility to meet the organizations goals and objectives. The calculate of controlling is to make sure the plans are carried out and this is achieved done feedback. Organizing is basically when the financial manager uses the resources available to follow out the readinesss goals. Through directing, the manager will work occasional with the staff and able to achieve the ultimate goal....If you postulate to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper