Financial Concepts Hac 270
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
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