Reporting Practices and Ethics Melissa Sampson HCS/405 October 3, 2016 David Catoe

Reporting Practices and Ethics In the health care industry there are many ethical standards and financial reporting that has to be followed. No matter what type of type of health care industry it is the law requires every organization to report their finances and follow ethical standards. In this paper we will discuss the four elements of financial management, generally accepted accounting principles and general financial ethical standards, and give examples that reflect ethical standards of conduct and financial reporting practices. In the world of business which also includes health care, there are four elements of financial management that is recognized. These four elements are: planning,...