acchc561 | Graduate

Accounting In A Health Care Environment

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This course presents the concepts of financial accounting, which is important to understanding the financial environment of the health care industry. Students interpret financial statements, prepare analyses of financial data necessary to make decisions, describe the different third-party payment methods, experiment with cost finding and price setting, and conduct breakeven analyses. The course provides students with experience in capital and operating budgets, as well as financial forecasts.

This graduate-level course is 6 weeks To enroll, speak with an Enrollment Representative.

Course details:

Credits: 3
Continuing education units: XX
Professional development units: XX
Duration: 6 weeks

topic title goes here

    Cost Behavior

    • Evaluate how cost behavior affects selection of cost drivers and health care’s management decisions.
    • Analyze the cost-volume-profit relationships to predict effects of changes in sales or costs, including the break-even sales volume.
    • Explain how cost accounting systems are used in the health care industry to determine the cost of a product, service, customer, or other cost objective.
    • Compare and contrast the different methods of measuring cost functions in the health care industry.

    Decision Making in the Health Care Environment

    • Evaluate the role of ethics in accounting decision making.
    • Explain the role of budgets and performance reports of management in the health care industry.
    • Evaluate relevant accounting information for business decision making in the health care industry.

    Budgets

    • Examine the budgeting process for capital, operational and facility funding.
    • Explain the benchmarking process and how it is used to make decisions in the healthcare industry.
    • Analyze budget performance, corrective actions, and evaluate the impact on healthcare.

    Cost Allocation

    • Analyze the impact of overhead and how cost centers are determined.
    • Compare and contrast uses of fixed and variable costing.
    • Explain the methods of cost allocation.

    Performance Management

    • Evaluate how managers use control systems to achieve organizational goals.
    • Evaluate the healthcare revenue cycle and how it impacts performance management.
    • Compute return on investment, residual income, and economic value added.

    Financial Statements

    • Determine the relationships between the elements of the financial statements.
    • Apply the concepts, techniques, and conventions of basic financial accounting to a health care organization.
    • Identify how measurement conventions in the health care industry affect financial reporting.
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    Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.