Financial Concepts Hac 270

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Associate Level Material

Financial Concepts and Reports

Consult Ch. 1 & 2 and the glossary of Health Care Finance as well as other outside sources as necessary to complete the assignment form below.

Part 1: For each term in Column A, select the correct definition from Column B on the right. Write the corresponding letter of the definition next to the term. |Column B – Definitions | | | |Inflow of money to the organization | |Responsible for service delivery | |Generated during reporting period of an organization | |Costs that relate to earning revenue | |A map outlining the elements of an organization | |Steps that must be taken to accomplish the organization’s objectives | |Illustrates all transactions for a reporting period | |Comparing reports from earlier periods | |Responsible for data accumulation | |Exempt from paying income taxes | |Provides immediate operating information |

|Column A |
|C |Quarterly reporting |
|A |Revenue |
|B |Clinical view |
|J |Nonprofit organization |
|I |Process view...
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