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Week 1 DQ 1
What are some of the
common roles and functions
of financial managers?
Describe the basic differences
between a comptroller and a
treasurer. How important do
you think an internal auditor is
to an organization? Explain
your answer.
Individual
Financial Concepts and
Reports
Complete the Axia Material:
Financial Concepts and
Reports worksheet by
matching the financial
concepts, reports, and realworld examples.
Individual
Balance Sheets and Income
Statements
Understanding balance
sheets and income
statements can be difficult
and the terms associated with
each are commonly confused.
To help you become more
familiar with concepts
associated with each and
more successful in finance,
study and test your
Individual
Contractual Allowances,
Grouping Revenue and
Expenses
Resource: Axia Material:
Contractual Allowances,
Grouping Revenue, and
Grouping Expenses
Complete Part I by computing
contractual allowances.
Week 3 DQ 1:
Provide an example of a
direct cost and indirect cost
from your workplace or an
organization with which you
are familiar. What is the
difference? Explain your
answer. List references if you
use a source other than the
text.
Individual
Costs Classification
Review the classification of
costs presented in Ch. 6 of
Health Care Finance.
Complete the Axia Material:
Costs Classification
worksheet.
Post your assignment as an
attachment.
Individual
Annualizing Staffing
Review Exhibit 9-2 in Ch. 9 of
Health Care Finance,
regarding annualizing
calculations and positions.
Complete the Axia Material:
Annualizing Staffing
worksheet by determining the
physician practice staffing
needs
Individual
Managing Staff
Accounting practices and
principles are at the heart of a
managers role. To
understand the needs of
operating a department, it is
necessary to understand the
importance of accounting in
identifying operational needs.
Week 5 DQ 1
Each department is
responsible for inventory
control. At your workplace or
an organization with which
you are familiar, what type of
inventory method is utilized,
last-in, first-out or first-in, firstout?
Individual
Comparative Data
Resource: Axia Material:
Comparative Data
Complete the table by
answering the following
questions:
What criterion must be met
for true comparability?
What elements of
consistency should be
considered?
Individual
Time Value of Money
Complete Part I of the Axia
Material: Time Value of
Money worksheet by defining
the time value of money.
Include a real-world example
that illustrates the concept.
Answer the questions:
Why is time such an
important factor in financial
matters?
Week 7 DQ 1
What do you think is the major
purpose of financial
statements? Why? Explain
what type of information can
be derived from each
statement. List references if
you use a source other than
the text.
Week 7 DQ 2
Individual
Final Project Resources
Submit the sources you are
using in your final project in
APA format.
Individual
Ratio Analysis
Resources: Ch. 11 of Health
Care Finance, Doctors Smith
and Brown Statement of Net
Income and Balance Sheet
Use the Axia Material: Ratio
Analysis Form to complete the
following:
Define each of the following
ratios:
o Current ratio
Capstone Discussion
Question
Respond to the capstone
discussion question.
Provide an example of a
health care capital
expenditure. Why is the
capital expenditure budgeting
process important? What
concepts should be
considered when evaluating a
capital expenditure? What do
you feel is the most important
Final Project
Implementing EMR
Information technology has
enhanced operational
activities throughout the
health care industry. Much
has been discussed in
financial analysis, price, and
acquisition discrepancies. The
decision to acquire and
implement technology, and
justify the cost has perplexed
physicians
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