¶ … Accounting, Cultural Diversity and Healthcare Administration: Law, Ethics and Policy
The difference between the cash basis and accrual basis of accounting
The cash basis of accounting is applied when revenues in an income statement are reported in the period cash from the customers is received, and when all the expenses in an income statement are paid for (Warren, Reeve and Duchac, 2014). For example, a payment for a service is recorded in the income statement once the fee from the client is received. Under this basis, the variance that arises from the expenses and revenues is the resultant net profit or loss at that particular period. This method is popular with small businesses that have few debtors and creditors.
The accrual basis of accounting reports revenue on the income statement in the period they are earned. The expenses are also reported once they occur. This method applies the matching principle, where expenses and revenues are reported in the same financial period they occur (Warren, Reeve and Duchac, 2014). For example, a service is recorded in the income statement once it is rendered to the customer. Compared to the cash basis of accounting, net income or loss in this method is calculated after revenues and expenses are matched.
My choice would be to run a multinational corporation, which makes the accrual basis of accounting the most suitable. Large organizations have numerous receivables and payables, and this method will portray...
Healthcare Administration: Healthcare Law, Cultural Diversity, And Principles of Accounting Cities, Suburbs, And Rural Areas Rural areas are geographic areas located away from suburbs and cities, often characterized by a small population and abundant natural resources. Currently, in the U.S., rural residents make up 16% of the entire population - as compared to 17% in 1910. This implies that poor job opportunities and lack of skills that are evident in these areas
Healthcare Administration The family is the earliest source of an individual's moral beliefs and principles (Dunn & Woodard, 2003). Essentially, children are not born with a set of moral principles -- they acquire a sense of what is wrong/right by observing how others react to their behavior. As a child, for instance, I was forbidden, right from my formative years, from taking something that belonged to someone else without their consent.
Healthcare Administration In a perfectly competitive market, the following will occur in response to different changes in the market. A decrease in the wage of clinic-based nurses will cause a reduction in the cost for nurses. This will result in a decline in the price of physician services, because the price decrease is going to be passed onto the consumer. The output of physician services will not change as the cost declines,
Healthcare Administration and Leadership Health care in the United States has progressed and improved to the point at which providers in all health care settings have defined and developed at least 4 major areas of importance for effective health care. Knowledgeable health care leaders have identified Quality and Safety; Community Health; Health Care Access and Coverage; and Leadership and Governance as key areas that must be constantly addressed and improved to
Healthcare Administration THE SIX STAKEHOLDERS GROUPS FOR RIVERVIEW REGIONAL MEDICAL The six stakeholder groups for the Riverview Regional Medical Center are as follows: clerical staff, medical laboratory technicians, nurses, housekeeping staff, patients, and physicians. The hospital is comprised of 700 people who all play as stakeholders for the hospital. TARGETS MARKET OF EXISTING PROGRAMS AND THE GAPS IN RRMC MARKETING STRATEGY An addition added to the RRMC is the Heartburn Treatment Center. A nurse
Administrative boards routinely reevaluate general institutional compliance with federal and state legislative statutes and also with stated hospital policies. Ethics guidelines regarding procedures, treating minors, and admission to clinical research trials are only some of the legislative guidelines necessary when making healthcare decisions. Chains of command, appropriate disciplinary and appeals procedures, and health and safety guidelines for patients and employees are some examples of legislative functions a board may
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now