Accounting Fundamentals for Health Care Management 3rd edition by Steven Finkler,David Ward,Thad Calabrese 9781284124934 1284124932

Chapter 1 Introduction to Health Care Accounting and Financial Management

Do I Really Need to Understand Accounting to Be an Effective Health Care Manager?

What Is Financial Management?

What Are the Goals of Financial Management Within Health Care Organizations?

How Does Accounting Fit into Financial Management?

Key Concepts

Test Your Knowledge

Chapter 2 Introduction to Electronic Spreadsheets

What Are Spreadsheets?

Electronic Spreadsheets

The Basics

Different Ways to Accomplish the Same Task

Formatting an Electronic Spreadsheet

Updating the Spreadsheet

More Time Savings

Key Concepts

Additional Resources

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Chapter 3 Financial Environment of Health Care Organizations

How Do Health Care Organizations Get Paid?

Why Do Different Patients Pay Different Amounts?

Health Care Reform

How Does All This Impact Financial Accounting?

Key Concepts

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Chapter 4 Accounting Concepts

Basics

Assets

Liabilities

Owners’ Equity/Net Assets

The Accounting Equation

Fund Accounting

Generally Accepted Accounting Principles

International Financial Reporting

Key Concepts

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Chapter 5 Introduction to the Key Financial Statements

The Balance Sheet—How Much Do We Have and What Do We Owe?

The Operating or Income Statement—How Much Did We Make?

Statement of Cash Flows—Where Did All Our Cash Go?

Why Have Both an Operating and Cash Flow Statement?

Notes to the Financial Statements—What Do the Financial Statements Really Mean?

Key Concepts

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Chapter 6 Valuation of Assets and Equities

Asset Valuation—How Does That Old Building Show Up on the Balance Sheet?

Valuation of Liabilities—What Do We Really Owe?

Valuation of Net Assets and Owner’s Equity—Is It Really Just What Is Leftover?

Key Concepts

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Chapter 7 Recording Financial Information

Double Entry and the Accounting Equation—The Golden Rule of Accounting

Debits and Credits—The Accountant’s Secret

Recording Financial Events

Healthy Hospital 2019 Financial Events

T-Accounts

Chart of Accounts

Key Concepts

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Chapter 8 Reporting Financial Information—A Closer Look at the Financial Statements

Ledgers

Healthy Hospital’s Financial Statements

Key Concepts

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Chapter 9 The Role of the Outside Auditor

The Audit

Audit Failures

Next Steps

Key Concepts

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Chapter 10 Depreciation—Having Your Cake and Eating It Too!

Amortization

Asset Valuation for Depreciation

Straight Line vs. Accelerated Depreciation

Comparison of the Depreciation Methods

Modified Accelerated Cost Recovery System

Depreciation and Deferred Taxes—Accounting Magic

Key Concepts

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Chapter 11 Inventory Costing—The Accountant’s World of Make-Believe

The Inventory Equation

Periodic vs. Perpetual Inventory Methods

The Problem of Inflation

Cost-Flow Assumptions

Key Concepts

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Chapter 12 An Even Closer Look at Financial Statements

The Balance Sheet

Statement of Operations

Statement of Cash Flows

Notes to the Financial Statements

Key Concepts

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Chapter 13 Notes to the Financial Statements—The Inside Story

Significant Accounting Policies

Other Notes

Summary

Key Concepts

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Chapter 14 Ratio Analysis—How Do We Compare to Other Health Care Organizations?

Benchmarks for Comparison

Common Size Ratios

Liquidity Ratios

Efficiency Ratios

Solvency Ratios

Profitability Ratios

Return on Investment Ratios

Key Concepts

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Chapter 15 Investment Analysis—What Should We Do Next?

Investment Opportunities

Data Generation

The Payback Method

Time Value of Money

The Net Present Value Method

Internal Rate of Return Method

Project Ranking

Summary

Key Concepts

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Chapter 16 Working Capital Management and Banking Relationships

Working Capital Management

Short-Term Resources

Managing the Revenue Cycle

Short-Term Obligations

Banking Relationships

Key Concepts

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Chapter 17 Capital Structure—Long-Term Debt and Equity Financing

Charitable Giving

Common Stock

Debt

Preferred Stock

Cost of Capital

Other Elements of Capital Structure

Dividends

Obtaining Capital

Key Concepts

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Chapter 18 Case Study—Happy Hospital

Recovering from New Year’s Eve—Is It Really the Start of Another Year?

What Should We Do with All That Money?

What a Busy Year—Tracking Financial Events

Putting Together the End-of-Year Financial Statements

How Did We Do? Using Ratio Analysis

Test Your Knowledge