Reporting Practices and Ethics

HCS 405

Reporting Practices and Ethics

Financial management is a fundamental part to successful healthcare financial planning.

Financial decisions are a necessary part of the day to day operations of any type or sized health care facility. These decisions are made in accordance with the facilities fiscal objectives and accounting practices. It is important that the individuals making these decisions follow proper reporting and ethical practices since these decisions affect the future of the entire facility. In order to make financial decisions it is important to understand generally accepted accounting principles, corporate compliance, ethics, fraud and abuse.

Generally accepted accounting principles are guidelines, objectives and conventions...