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You are here > Home > Reading Lists > Finance & Accounting > Accounting Fundamentals Accounting Fundamentals for Health Care Management Steven Finkler, PhD, CPA, David Ward, PhD Softcover: 350 pages   ISBN 0763726753 9780763726751 Jones & Bartlett February 2006 (click below for the best currently available price for this important resource) Accounting Fundamentals for Health Care Management focuses on basic accounting. All example and applications in this book are specific to the field of health care. Here it is! This book is the essential guide for anyone with a department and a budget. It includes web-based end-of-chapter questions and problems as well as a number of Excel templates that can help the reader use the various tools presented in the book. This useful resource also includes information on the valuation of assets and equities, recording and reporting financial information, depreciation, time value of money, inventory costing, working capital management, financial statement analysis, and more, all applied to health care organizations. It covers all relevant topics including: Introduction to Health Care Accounting and Financial Management: Do I really need to understand accounting to be effective as a manager in my health care organization? What is financial management? What are the goals of financial management within health care organizations? How does accounting fit into financial management? The Financial Environment of Health Care Organizations: How do we get paid? Why do different patients pay different amounts? How does all this impact financial accounting? Accounting Concepts: Basics, Assets, Liabilities, Owners’ Equity / Net Assets, The Accounting Equation, Fund Accounting, Generally Accepted Accounting Principles, Key Concepts, Test Your Knowledge Introduction to the Key Financial Statements: The Balance Sheet – How much do we have and what do we owe? The Income or Operations Statement – How much did we make? The Statement of Cash Flows – Where did all our cash go? Notes to Financial Statements – What do the financial statements really mean? Valuation of Assets and Equities: Asset Valuation – How does that old building show-up on the balance sheet? Valuation of Liabilities – What do we really owe? Valuation of Net Assets and Owner’s Equity – Is it really just what’s left over? Recording Financial Information: Double Entry and The Accounting Equation – The Golden Rule of Accounting; Debits and Credits: The Accountant’s Secret; Recording the Financial Events; T-Accounts; Chart of Accounts Reporting Financial Information: A Closer Look at the Financial Statements - Ledgers, Healthy Hospital’s Financial Statements The Role of the Outside Auditor: The Audit Depreciation: Having Your Cake and Eating it Too! Amortization, Asset Valuation for Depreciation, Straight-Line vs. Accelerated Depreciation, Comparison of the Depreciation Methods, Modified Accelerated Cost Recovery System (MARCS), Depreciation and Deferred Taxes: Accounting Magic Inventory Costing: The Accountant’s World of Make-Believe; The Inventory Equation; Periodic Vs. Perpetual Inventory Methods; The Problem of Inflation; Cost-Flow Assumptions; Comparison of the LIFO and FIFO Cost-Flow Assumptions An Even Closer Look at Financial Statements: The Balance Sheet, The Statement of Operations, The Statement of Cash Flows, The Notes to the Financial Statements Notes to Financial Statements: The Inside Story; Significant Accounting Policies; Other Notes; Summary Ratio Analysis: How Do We Compare to Other Health Care Organizations? Benchmarks for Comparison, Common Size Ratios, Liquidity ratios, Efficiency Ratios, Solvency Ratios, Profitability Ratios Working Capital Management and Banking relationships: Working Capital Management; Short-Term Resources; Managing the Revenue Cycle; Short-Term Obligations; Banking Relationships Investment Analysis: What Should We Do Next? Investment Opportunities, Data Generation, The Payback Method, The Time Value of Money, The Net Present Value (NPV) Method, The Internal Rate of Return (IRR) Method, Project Ranking Capital Structure – Long-Term Debt and Equity Financing: Charitable Giving, Common Stock, Debt, Preferred Stock, Cost of Capital, Other Elements of Capital Structure, Dividends, Getting Capital Case Study – Happy Hospital - Recovering from New Year’s Eve: Is it really the start of another year? What Should We Do With All That Money? What a Busy Year! Tracking Financial Events, Time To Close The Books, Putting Together the End of Year Financial Statements, How Did We Do? Using Ratio Analysis Steven Finkler, PhD, CPA, is Professor of Public and Health Administration, Accounting, and Financial Management at New York University's Robert F. Wagner Graduate School of Public Service. At NYU he is the Director of the Specialization in Public Finance and Financial Management. An award winning teacher, Dr. Finkler is currently engaged in a variety of research topics in the areas of health care economics and accounting. He is the 2002 recipient of the American Association of Critical-Care Nurses' Pioneering Spirit Award. He has also published over 200 articles in many journals including, Hospitals and Health Services Administration, Healthcare Financial Management, Health Care Management Review, The New England Journal of Medicine, Annals of Internal Medicine, Academic Medicine, Nursing Economics, Journal of Nursing Administration, and Health Services Research. 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