Reporting Practices and Ethics Paper

Reporting Practices and Ethics Paper By: Harmony Labanowski HCS/405 Instructor Jay Christensen April 18, 2011 intravenous feeding Elements of Financial Accounting Planning is when the financial animal trainer identifies the steps that moldiness be taken to accomplish the musical arrangements objectives. The blueprint is to identify objectives and then to identify the steps required for accomplishing these objectives. unconditional is when the financial manager makes sure that each atomic number 18a of the organization is following the plans that have been established. The purpose of controlling is to ensure that plans ar being followed. Organizing is when the financial manager decides how to workout the resources of the organization to just about effectively carry out the plans that have been established. Directing is when the manager works on a day-to-day basis to exert the results of the organizing running efficiently. The purpose is to ensure effective resource use and provide daily supervision. Decision do is when the financial till makes choices among available alternatives. Decision making actually occurs parallel to planning, organizing, and controlling. each typecasts of decision making rely on information, and the primary tasks ar analysis and evaluation.

The purpose is to make informed choices (Baker and Baker, 2001). Summary of generally accepted accounting principles and general financial ethical standards well-nigh healthcare organizations operate on the accrual accounting basis. With this type of accounting; revenue is recorded when it is earned-not when payment is received; and expenses are recorded when they are incurred-not when they are paid. Ethical decision making is required when the healthcare executive must balance the postulate and interests of the individual, the organization and society. Those involved in the decision making emergence must consider ethical principles such as justice, autonomy, generosity and fairness, as well as professional ethical standards and codes.... If you essential to get a full essay, order it on our website: Orderessay

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