|Syllabus | |College of Natural Sciences | |HCA/270 Version 3 | |Financial Matters for Health Care Professionals | Copyright © 2011‚ 2009‚ 2007 by University of Phoenix. All rights reserved. Course Description This course is designed as an introduction to the terminology‚ processes‚ functions
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Associate Level Material Ratio Analysis Form Use the table on the next page to complete the Week Eight assignment. In this assignment‚ you will review the textbook to find the definitions for each ratio. Use the financial statements for Drs. Smith and Brown‚ located on the student website‚ to perform the calculations and complete the form. Review the following example on how to perform the inventory turnover calculation‚ which shows you how to complete the table. * Two different
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Present and Future Value HCA 270 Calculate the future value of the following: * $5‚000 compounded annually at 6% for 5 years $6‚691.13 * $5‚000 compounded semiannually at 6% for 5 years $6719.58 * $5‚000 compounded quarterly at 6% for 5 years $6734.28 * $5‚000 compounded annually at 6% for 6 years $7092.60 Answer the following: The conclusion that can be drawn about the frequency of compounding interest is that the more frequency the better. The conclusion
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Appendix C - HCA/270 Health Care Finance | PART III - Grouping Expenses by Cost Center | Background: Cost centers are used in an organization to group expenses. For example‚ the patient registration department would be a cost center. All costs associated with operating the patient registration department would be grouped into this cost center. Items such as paper‚ copier rental‚ education and training for new employees‚ and computers used by the registration employees would be allocated to this
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Axia College Material Appendix D Costs and Cost Control Part I—Costs: Briefly define the following terms‚ and provide examples where appropriate. Term | Definition and example | Direct costs | An expense that can be traced to a specific cost center or object. An example of this would be labor costs or costs for materials. | Indirect costs | An expense that is incurred in joint usage and is hard to track to one specific cost center. An example of this would be cost for advertising
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Axia College Material Appendix D Costs and Cost Control Part I—Costs: Briefly define the following terms‚ and provide examples where appropriate. Term | Definition and example | Direct costs | These are costs that incurred directly as a result of providing a specific good or service. (Example) A patient is in the hospital and all of the services are included in the cost. | Indirect costs | These are those that cannot be tied directly to the patient as they stay in the hospital. (Example)
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Axia Material Cost Classifications Consult Ch. 6 & 7 of Health Care Finance and other sources to complete the form. This worksheet requires you to match the definitions and examples of types of cost‚ and the types of centers where costs occur. 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 A | |F |Indirect costs
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Liquidity Ratio Current ratio depicts how the company’s ability to payback its current liabilities and current assets. In 2011 the ratio is at its highest of 3.32 since the company put in capital. During this year they tested the waters on whether they could pay off short term debt. It went on a decreasing rate from 2012 to 2014 but had a slight increased on 2015. During 2012 to 2014 the company is struggling to pay back its liabilities and assets while financial health was at risk because
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11 ANALYTICAL PROCEDURES—RATIO ANALYSIS FORM The auditor can use this form to document the performance and evaluation of ratio analysis in connection with analytical procedures performed in an audit. The form is only a guide and is not a substitute for professional judgment. The form may be modified by adding or omitting certain ratio analysis. CLIENT NAME: DATE OF FINANCIAL STATEMENTS: LIQUIDITY RATIOS 20__ 20__ 19__ 19__ 1. Current ratio = Current Assets Current
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11 ANALYTICAL PROCEDURES—RATIO ANALYSIS FORM The auditor can use this form to document the performance and evaluation of ratio analysis in connection with analytical procedures performed in an audit. The form is only a guide and is not a substitute for professional judgment. The form may be modified by adding or omitting certain ratio analysis. AUDITING COURSE PROJECT GROUP B: CLIENT NAME: | Pinnacle Manufacturing Company | DATE OF FINANCIAL STATEMENTS: | July 15
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