Reporting Practices and Ethics Paper

Reporting Practices and Ethics Nicole Powell HCS/405 January 24, 2012 University of Phoenix Reporting Practices and Ethics Managing a health care judicatures receiptss and expenses require skills in fiscal accounting and management. victimization pecuniary statements to track revenues, which represents the m iodiney an organization earns acquires skills. To become an in effect(p) motorcoach of finances, one moldiness include planning, budgeting, and effectively managing the revenue cycle. Planning: Identify the steps that are taken to reach the organizations objectives. Identify the objective and then to fall upon the steps required for accomplishing the objectives. Controlling: The financial manager must make sure that a plan is in place, and followed in each area of the organization. The manager can do this by studying the reports and using the reports to compare with other reports from earlier periods. This allow allow the manager to make necessary changes to stay on track and follow the plans. Organizing and directing: Deciding how to use resources and which one is the most effective to carry out the plans that have been established. The manager works on keeping the organization running smoothly and effectively.

Decision making: The manager makes choices among available alternatives. Decision-making rely on information and the primary tasks are analysis and evaluation. To make amend choices. Financial managers will need to read and interpret financial statements and ensure that the statements are accurate and present the organazations finances completely. The financial statements should provide information about the financial position, performance, and changes in financial position of an enterprise which is useful to a wide course of users in making economic decisions. Financial statements should be hands-down to read, understandable, relevant, reliable, and comparable. Financial statements reports assets, liabilities, equity, income, and expenses... If you want to get a full essay, effect it on our website: Orderessay

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