Reporting Practices and Ethics

HCS 405

Reporting Practices and Ethics

Ethical standards and reporting practices are incorporated into the financial reporting and management of health care. Reporting financial data fairly and factually is quintessential to this. Responsible financial planning can prevent capital loss through investments, employees, and customers. Financial reporting offers assistance in calculating: amounts, cash flow, timing, and other data essential to organizational resources.

The Four Elements of Financial Management

Within financial management there are four fundamental elements to consider: planning, organizing, controlling, and decision-making. Planning includes a step-by-step process that influences decisions in revenue and organizational goals....