Accounting for Healthcare Assignment

Accounting for Healthcare Assignment

The discussion board is

Don't use plagiarized sources. Get Your Custom Essay on
Accounting for Healthcare Assignment
Just from $13/Page
Order Essay
  1. (Recording Financial Information- Chapter 7) The outside reading article entitled, “Redesigning Chart of Accounts Can Serve Broader Objectives” by Fred H. Mitchell and Cheryl Mitchell, briefly discuss the modifications that you would recommend to your organizations Chart of Accounts based on changes resulting from the Affordable Care Act that would affect your current operations.
  2. (Reporting Financial Information- Chapter 8) The statement of cash flows complements the accrual-based income statement by allowing users to assess a company’s performance on a cash basis. It also goes beyond presenting data relating to operating performance and looks at other activities that affect a company’s cash position. Please comment (hint: check out the three categories of cash flow on the Statement of Cash Flows)

I have to Reply to at least two of your classmates (appx. 100 words).

My first classmate Discussion.

  1. Recording Financial Information- Chapter 7) The outside reading article entitled, “Redesigning Chart of Accounts Can Serve Broader Objectives” by Fred H. Mitchell and Cheryl Mitchell, briefly discuss the modifications that you would recommend to your organizations Chart of Accounts based on changes resulting from the Affordable Care Act that would affect your current operations.

The most important thing here is the consistency and transparency and clarity of the financial statement. The healthcare providers together with the accounting department need payment clarity, visibility into and the ability to navigate the many obstacles to payment better. Today’s patients are savvy health care consumers, and demand transparency into what they will owe – up front. When patients receive timely, accurate information in advance, they are more likely to pay. Updating the accounting system on time is essential. Always, following the accounting standard will help in eliminating confusion. That is Asset = Liability + Net Asset. The general journal entry and the T- account will also make it clear for all transactions.

  1. (Reporting Financial Information- Chapter 8) The statement of cash flows complements the accrual-based income statement by allowing users to assess a company’s performance on a cash basis. It also goes beyond presenting data relating to operating performance and looks at other activities that affect a company’s cash position. Please comment (hint: check out the three categories of cash flow on the Statement of Cash Flows) Accounting for Healthcare Assignment

The cash flow statement is one of the primary financial statements used in the business operation, including small business. So creating a cash flow statement illustrates the amount of cash the business generated during the reporting period. There are three primary sections in the cash flow statement. 1. Operating activities. This section of cash flow illustrates the cash the business received and used during normal operative activities. Operating activities include accounts payable, account receivable, prepaid insurance and unearned revenues. 2. Investment Activates. This section shows investment activities. All the company’s investments listed under this category. Any purchase or sale of property, equipment, and assets qualify under this section. 3. Financial Activities. This section lists the information for the company’s financial activities. This includes the purchase of bonds/stocks and dividend payments. Accounting for Healthcare Assignment

 

My second classmate Discussion.

1. The modifications that I would recommend to my organization’s Chart of Accounts based on changes resulting from the Affordable Care Act that would affect your current operations would be cost reduction to our clients. As a worldwide pharmaceutical corporation, Pfizer manufactures specific ingredients and sell them to other pharmaceuticals whether it is for generics or patents, but depending on how much Pfizer wants to make and how much the ingredients cost to manufacture it is another market to analyze. With the ACA coming into play, to make health care “affordable” measures need to be taken in by every single aspect of the health care industry, especially when it comes to drug costs and what people will be paying for those drugs and what will or will not be covered under Medicare/Medicaid.

2. A cash basis is a simple and efficient way to see how the company is doing financially, but most importantly it is in comparison to what is then being put out when expenses arise to keep the company afloat. Depending on how flexible a company is, budgeting will then be relying on the inflow statements, due to cash being instantly presented in in the balance rather than later. All in all net income is what matters, the revenue and expenses is more of a daily number to follow and see how it balances, but the end of the month of what is left is the tell all. Another consideration is what a normal asset the company sees on a monthly basis should be automatically accounted for when cash is being counted, unless those investments tend to generate the cash.

Accounting for Healthcare Assignment

What Will You Get?

We provide professional writing services to help you score straight A’s by submitting custom written assignments that mirror your guidelines.

Premium Quality

Get result-oriented writing and never worry about grades anymore. We follow the highest quality standards to make sure that you get perfect assignments.

Experienced Writers

Our writers have experience in dealing with papers of every educational level. You can surely rely on the expertise of our qualified professionals.

On-Time Delivery

Your deadline is our threshold for success and we take it very seriously. We make sure you receive your papers before your predefined time.

24/7 Customer Support

Someone from our customer support team is always here to respond to your questions. So, hit us up if you have got any ambiguity or concern.

Complete Confidentiality

Sit back and relax while we help you out with writing your papers. We have an ultimate policy for keeping your personal and order-related details a secret.

Authentic Sources

We assure you that your document will be thoroughly checked for plagiarism and grammatical errors as we use highly authentic and licit sources.

Moneyback Guarantee

Still reluctant about placing an order? Our 100% Moneyback Guarantee backs you up on rare occasions where you aren’t satisfied with the writing.

Order Tracking

You don’t have to wait for an update for hours; you can track the progress of your order any time you want. We share the status after each step.

image

Areas of Expertise

Although you can leverage our expertise for any writing task, we have a knack for creating flawless papers for the following document types.

Areas of Expertise

Although you can leverage our expertise for any writing task, we have a knack for creating flawless papers for the following document types.

image

Trusted Partner of 9650+ Students for Writing

From brainstorming your paper's outline to perfecting its grammar, we perform every step carefully to make your paper worthy of A grade.

Preferred Writer

Hire your preferred writer anytime. Simply specify if you want your preferred expert to write your paper and we’ll make that happen.

Grammar Check Report

Get an elaborate and authentic grammar check report with your work to have the grammar goodness sealed in your document.

One Page Summary

You can purchase this feature if you want our writers to sum up your paper in the form of a concise and well-articulated summary.

Plagiarism Report

You don’t have to worry about plagiarism anymore. Get a plagiarism report to certify the uniqueness of your work.

Free Features $66FREE

  • Most Qualified Writer $10FREE
  • Plagiarism Scan Report $10FREE
  • Unlimited Revisions $08FREE
  • Paper Formatting $05FREE
  • Cover Page $05FREE
  • Referencing & Bibliography $10FREE
  • Dedicated User Area $08FREE
  • 24/7 Order Tracking $05FREE
  • Periodic Email Alerts $05FREE
image

Our Services

Join us for the best experience while seeking writing assistance in your college life. A good grade is all you need to boost up your academic excellence and we are all about it.

  • On-time Delivery
  • 24/7 Order Tracking
  • Access to Authentic Sources
Academic Writing

We create perfect papers according to the guidelines.

Professional Editing

We seamlessly edit out errors from your papers.

Thorough Proofreading

We thoroughly read your final draft to identify errors.

image

Delegate Your Challenging Writing Tasks to Experienced Professionals

Work with ultimate peace of mind because we ensure that your academic work is our responsibility and your grades are a top concern for us!

Check Out Our Sample Work

Dedication. Quality. Commitment. Punctuality

It May Not Be Much, but It’s Honest Work!

Here is what we have achieved so far. These numbers are evidence that we go the extra mile to make your college journey successful.

0+

Happy Clients

0+

Words Written This Week

0+

Ongoing Orders

0%

Customer Satisfaction Rate
image

Process as Fine as Brewed Coffee

We have the most intuitive and minimalistic process so that you can easily place an order. Just follow a few steps to unlock success.

See How We Helped 9000+ Students Achieve Success

image

We Analyze Your Problem and Offer Customized Writing

We understand your guidelines first before delivering any writing service. You can discuss your writing needs and we will have them evaluated by our dedicated team.

  • Clear elicitation of your requirements.
  • Customized writing as per your needs.

We Mirror Your Guidelines to Deliver Quality Services

We write your papers in a standardized way. We complete your work in such a way that it turns out to be a perfect description of your guidelines.

  • Proactive analysis of your writing.
  • Active communication to understand requirements.
image
image

We Handle Your Writing Tasks to Ensure Excellent Grades

We promise you excellent grades and academic excellence that you always longed for. Our writers stay in touch with you via email.

  • Thorough research and analysis for every order.
  • Deliverance of reliable writing service to improve your grades.
Place an Order Start Chat Now
image

Open chat
WhatsApp chat +1 563-600-3041
Dr.Nursing Papers
We will write your work from scratch and ensure it's plagiarism-free, you just submit the completed work.