Design and perform audit tests of cost accounting.
AUDIT OF COST ACCOUNTING Design and perform audit tests of cost accounting.
Tag: Cost Accounting
What is the difference between Cost Accounting and Throughput Accounting? Why is Throughput Accounting better?
What is the difference between Cost Accounting and Throughput Accounting? Why is Throughput Accounting better? Read “Epiphanized” on pages 271-280. Write an ORIGINAL post of 2-3 paragraphs.
Discuss how healthcare providers and patients can benefit when cost is correlated with quality of the healthcare services provided. Post an original discussion of a few paragraphs and support your statements with research.
Health Insurance, Managed Care and Reimbursement Methodologies Cost accounting is one of the most challenging areas in accounting to understand. “A cost accounting system is a system for recording, analyzing and allocating cost to the individual services provided to patients (e.g., medications, procedures, tests, room and board) (Becker’s Hospital Review, 2014). The healthcare industry has […]
Explain how utilization rates are related to volumes and revenue generation. Support your answer with scholarly resources.
Cost Accounting After completing this week’s readings, including The Growing Importance of Cost Accounting for Hospitals, describe the ways in which healthcare financial managers use financial resources and cost classifications to allocate indirect costs to direct costs when determining patient charges. Explain how utilization rates are related to volumes and revenue generation. Support your answer […]
Consult with a local physician’s group.Review the mini case study on page 177 of the textbook (“Cost Accounting”) then create a journal assignment in which you provide one or more recommendations for ways the physician owners can improve profitability without raising rates.
Prompt: Congratulations! Because you are distinguishing yourself as a skilled healthcare manager, your boss has asked you to consult with a local physician’s group. Review the mini case study on page 177 of the textbook (“Cost Accounting”) then create a journal assignment in which you provide one or more recommendations for ways the physician owners […]