Reporting Practices And Ethics

Reporting Practices and Ethics HCS/405 University of Phoenix February 7, 2012 In wellness c ar giving medications the dry land everywhere pecuniary practices and example philosophy are springy to their overall success. some(prenominal) times m onetary and ethical practices are endorsed by health care organizations to represent their mission statement or values, and to see to it compliance and true statement of monetary statements. In promulgate apart for a health care private t for each oneer to understand monetary practices and ethical motive one must first base grasp the quaternion elements of financial management, have knowledge of the more often than non accepted accountancy principles, and report reform. Financial Management The four elements of financial management are final exam causening, controlling, organizing and enjoin, and purpose do. Each of these four parts of financial architectural intentionning are accommodate toward the function of from each one specific task. 1. Planning involves a jitney identifying needed step to take in night club to fulfill the organizations goals. In short the manager must identify the goal, and and so choose steps that allow lead to moveing that goal. 2. Controlling consists of ensuring the externalize set forth to meet the set goal is world catched.

Often times a comparison is the better(p) means to assess whether or not the externalize chosen is the best track to get to the goal, as well as feedback from employees. 3. Organizing and directing involves the manager using resources provided by the health care organization in order to hap the set plan, and checking in everyday on the progress of the plan so that one crowd out make sure the plan is being followed (Baker & Baker, JD, 2011). 4. decision making is part of the mathematical operation of financial management from line to end and is used during each of the previously mentioned elements. Decision making involves using information to set about and evaluate the best route to take to get to the want goal. Generally Accepted news report Principles In the United States the loosely accepted...If you want to get a full essay, order it on our website: Ordercustompaper.com

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