Accounting Fundamentals for Health Care Management

Empowering healthcare managers with essential financial accounting skills, the text demystifies FASB standards and industry jargon through actionable insights. Enhanced Excel walkthroughs, practice exercises, and instructor resources build a hands-on foundation for analyzing financial data in health care. Ideal for an introductory course in financial accounting for health care, this essential text provides current and future healthcare managers with a solid foundation in the financial accounting and analysis skills needed within health care organizations. With Accounting Fundamentals for Health Care Management, students will learn how to assess financial information, ask the appropriate questions, and understand the jargon-laden answers. Key Features: Updated throughout to reflect the new Financial Accounting Standards Board (FASB) accounting standards, including implicit and explicit price concessions. Additional end-of-chapter questions and practice problems give student opportunities to apply chapter concepts. Microsoft® Excel instruction has been enhanced with additional Excel screen shots and explanation. Helpful instructor resources include an instructor manual with solutions for all the questions and problems. PowerPoint presentation slides for each chapter and a test bank of questions organized chapter. Enriched Navigate eBook (available stand alone or with the printed text) includes the digital text enhanced with flashcards, chapter review slides, an interactive glossary, and chapter quiz questions for self-study.

At a time when health care organizations face unprecedented financial challenges, understanding financial accounting is important for all health care professionals, especially those who manage a department and a budget. Designed for both students and professionals, Accounting Fundamentals for Health Care Management, Second Edition clearly explains accounting principles and applies them to the health care environment.Critical topics such as recording and reporting financial information, depreciation, and financial statement analysis are all thoroughly coveredThe Second Edition offers:•New co-author, Thad Calabrese•New chapter (Chapter 2) provides an Excel tutorial. •New discussion of the impact of Health Care Reform in Chapter 3•Updated throughout with information on IFRS•Coverage of 'cash basis' vs. 'accrual basis'•New discussion of 'fair value'•Simplified discussion of MACRS•New discussion of Sarbanes-Oxley Act•Many general updates