Accounting for Governmental & Nonprofit Entities
17th Edition
ISBN: 9780078025822
Author: Jacqueline L. Reck James E. Rooks Distinguished Professor, Suzanne Lowensohn, Earl R Wilson
Publisher: McGraw-Hill Education
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Question
Chapter 16, Problem 5Q
To determine
Provide some of the presentation difference between the operating statement of the not-for profit and business-type governmental health care entities.
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2. ACCOUNTING FOR HEALTH CARE PROVIDERS/HOSPITALS
• What Unique Issues do Health Care Providers Face?
• What are the Key Differences Between Private Not-For-Profit and
Government Health Care Providers?
• What Are the Basic Financial Statements?
• What are the Key Revenues and Expenses?
• How are the key revenues and expenses recognized?
A nonprofit hospitals revenues and expenses are reported on its statement of activities
TRUE or FALSE?
Please describe factors that influence the financial viability of a healthcare organization and discuss the major aspects of Medicare benefits? and how do legal and regulatory issues shape and define the good financial management of an HCO?
Chapter 16 Solutions
Accounting for Governmental & Nonprofit Entities
Ch. 16 - Prob. 1QCh. 16 - Prob. 2QCh. 16 - Prob. 3QCh. 16 - What is an example of a performance indicator and...Ch. 16 - Prob. 5QCh. 16 - Prob. 6QCh. 16 - What are assets limited as to use and how do they...Ch. 16 - Prob. 8QCh. 16 - Prob. 9QCh. 16 - Prob. 10Q
Ch. 16 - Prob. 11CCh. 16 - Prob. 15.1EPCh. 16 - Prob. 15.2EPCh. 16 - Which of the following is a true statement...Ch. 16 - Prob. 15.4EPCh. 16 - Prob. 15.5EPCh. 16 - Prob. 15.6EPCh. 16 - Prob. 15.7EPCh. 16 - Wellness Psychiatric Clinic received a large...Ch. 16 - Prob. 15.9EPCh. 16 - Prob. 15.10EPCh. 16 - Prob. 16EPCh. 16 - Prob. 17EPCh. 16 - Prob. 18EPCh. 16 - Prob. 19EPCh. 16 - Prob. 20EPCh. 16 - Prob. 21EPCh. 16 - Prob. 22EPCh. 16 - Prob. 23EP
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- What are the Key differences between Private Not-For-Profit and Government Health Care Providers?arrow_forwardWhat are the differences between the strategic initiatives and operating activities of a health care organization?arrow_forwardWhy is the statement of functional expenses required for voluntary health and welfare organizations?arrow_forward
- which of the following is operational income : other revenues, investment income , patient service revenue charitable contribution, premium revenuesarrow_forwardHow does charity care affect the patient service revenue reported by hospitals, and what measure of charity care are hospitals required to disclose in the notes to their financial statements?arrow_forwardDiscuss how characteristics of not-for-profit organizations differ from for-profit organizations.arrow_forward
- What note disclosures are specific to nonprofits or government entities, and why are they needed? In your opinion, what are some of the note disclosures that are challenging to write? Explain.arrow_forwardHow to prepare financial statements for a government agency and non-profit organization?arrow_forwardHow to assess the financial condition of public hospitals. What financial indicators to use?arrow_forward
- Please describe the importance of financial information in healthcare organizations and list the users of financial information? and what is the role of coding information in healthcare organizations in claim generation?arrow_forwardA Voluntary Health & Welfare NFP would include which of the following financial statements in its basic financial statements? Statement of financial position and statement of activities Statement of financial position, statement of activities, and statement of cash flows Statement of financial position, statement of activities, statement of cash flows, and statement of functional expenses Statement of financial position, statement of activities, and statement of functional expenses Choose onearrow_forwardIf a government hospital gets unrestricted donations that are not a part of a hospital's major ongoing operations, those donations are classified on the statement of revenues, expenses, and changes in net position as: An operating revenue. An operating gain. An other financing source. A nonoperating gain.arrow_forward
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