Reporting Practices And Ethics

Reporting Practices and Ethics Kristan Leary HCS 405 June 20, 2011 Amy Roukie Reporting Practices and Ethics The financial illuminate periods and estimable standards are really important to produce winning health care presidential terms. In many businesses including the health care industry financial and ethical standards have been utilize to increase the value of the organization and the potency of the consumer. These standards have as well been established to protect the products and services that the organization provides and inspection and repairs to oblige the reputation of the company. This paper will discuss the immensity of collar the ethical and financial standards in the industry to suspend antic and illegal accusations. The paper will alike expound how the quartette elements of finance are implemented and the standards of conduct. The people on the job(p) in the health care industry make punk decisions on a daily basis. The rising cost of medical medical checkup services and the economy makes these decisions not only difficult for the patients in addition the physicians, society, and policymakers as well. Health care organizations have access to an passing helpful program that applies the code of ethics and best invest concepts. These are used for the analysis of company transactions, assets, losses, and other accounts.

Those accounts also include financial reports and statements. Four Elements of Financial Management concord to baker and Baker (2011) there are four elements of financial instruction: (1) planning, (2) controlling, (3) organizing and directing, ! and (4) decision making. The four divisions are based on the conclude of each task (Baker & Baker, 2011, p. 5). These elements have been established to help the choices of managers informed and effective. Breaking each element apart and face at them individually the first element is planning; this cadence helps a till to identify what steps and tasks need to be achieved for the organization, the manger may...If you want to get a full essay, post it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper