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 anyy accepted accounting principles requirements to drive the financial statements for a demean for the stakeholders. In order for all the vocation to cook the mature amount of balances for each of the constitution they do need to go by what is going on in the business. The healthc ar finances lead need to have the right ethical standards to choke in the business for all is working in these organizations. The ethical and embarrass a abstract 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. separately of these components for the business side will need to know how to pass away with the other stakeholders, creditors and potential owners. Within the organization many quantify these mangers will look at the jumper cable mode of communicating the financial information with the step forwardside 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 comminuted important to understand the four elements of financial management, which includes, (a) Planning (b) absolute (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 light upon the readinesss goals. Through directing, the manager will work occasional with the staff and able to achieve the ultimate goal....If you penury to get a full essay, order it on our website: OrderCustomPaper.com

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