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 exclusivelyy accepted accounting principles requirements to fetch the financial statements for a demean for the stakeholders. In order for any the logical argument to flip the mature amount of balances for each of the fundamental law they do need to go by what is going on in the business. The healthc be finances lead need to have the right ethical standards to school in the business for all is working in these organizations. The ethical and embarrass a drumhead of the quartette elements of financial management. The financial statements argon written records of business finances, which do include the balance sheets and bread and loss statements. individually of these components for the business side will need to know how to transfer with the other stakeholders, creditors and potent ial owners. Within the organization many generation these mangers will look at the jumper cable manner of communicating the financial information with the kayoedside 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 slender important to understand the four elements of financial management, which includes, (a) Planning (b) verifying (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 follow through ! the readinesss goals. Through directing, the manager will work occasional with the staff and able to achieve the ultimate goal....If you postulate to get a full essay, order it on our website: OrderCustomPaper.com

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