Healthcare Accounting

Price: $111.00

CPE Credits: 12.0

Category:

Course Number: AAHEALSB

healthcare accounting

Description: This course discusses the accounting and financial reporting issues related to hospitals, medical group practices, nursing homes, and other health care entities. The course covers the basic system of accounting, financial reporting, and many practical topics for the accountant, including revenue recognition, payroll accounting, fixed asset accounting, debt liabilities, and more. Table of Contents Delivery Method: Online QAS Self Study. Level: Overview. Prerequisites: None Advanced Preparation: None

Author: Steven Bragg, CPA Publication: October 2017 Format: PDF Pages:  262 Passing Grade: 70% Exam Policies: Exam may be retaken. Course must be completed within one year of purchase. CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Understand why health care is one of the most examined industries in the country.
  • Cite the financial statements used by each of the different types of health care entities.
  • Note the accounting principles that apply to health care entities.
  • Describe the nature of the accounting cycle.
  • Note why the out-of-balance concept harms a system of accounting.
  • Recognize the source of the trial balance.
  • Discuss how the extended trial balance is used.
  • Recognize the characteristics of the accrual basis of accounting.
  • Identify the formula underlying the balance sheet.
  • Note the criteria that define a not-for-profit entity.
  • Describe the proper accounting for all variations on a pledge.
  • Recognize the nature of a performance indicator.
  • Recognize the nature of net assets for a not-for-profit entity.
  • Recognize the key characteristics of a fund.
  • Identify the key components of net position in a financial statement.
  • Describe the uses to which a bank reconciliation can be put.
  • Cite the elements of a bank statement.
  • Recognize the various reconciliation problems that may be encountered when preparing a bank reconciliation.
  • Identify the characteristics of the different methods used to account for bad debts.
  • Describe the characteristics of the different inventory tracking systems.
  • Note the advantages and disadvantages of the different inventory costing methods.
  • Describe the calculation for the gross profit method.
  • Describe the proper accounting for an investment.
  • Recognize the costs to be capitalized for a fixed asset.
  • Describe the derivation of a fixed asset’s useful life.
  • Identify the nature of the mid-month convention.
  • Note the calculation used to develop an accelerated depreciation method.
  • Note the accounting for an idle fixed asset.
  • Describe the accounting for an asset retirement obligation.
  • Define accretion expense.
  • Note the calculation method used to derive the interest rate inherent in an early payment discount.
  • Describe the accounting for advance fees.
  • Cite the different types of standard payment methods required of residents by continuing care retirement communities.
  • Describe the accounting for the extinguishment of debt.
  • Describe the different types of bonds and the features that can be incorporated into the terms of a bond.
  • Recognize the circumstances under which the tax-exempt status of a bond can be lost.
  • Note the factors involved in the determination of revenue.
  • Identify the circumstances under which the expected value method can be used.
  • Recognize the accounting for naming rights.
  • Recognize the calculation methods used to determine wages.
  • Describe how unemployment tax rates are developed for a new employer, and thereafter.
  • Describe the uses to which the Form W-4 can be put.
  • Note how the wage bracket method is used to determine tax withholdings.
  • Recognize the different methods that are available for setting payroll tax deposits.
  • Note the characteristics of a split-interest agreement.
  • Describe which features of a relationship between entities trigger a consolidation of their financial statements.
  • Understand the accounting for advertising expenditures.
  • Note the proper accounting for a trust fund that is being used to settle malpractice claims.

 

Description: This course discusses the accounting and financial reporting issues related to hospitals, medical group practices, nursing homes, and other health care entities. The course covers the basic system of accounting, financial reporting, and many practical topics for the accountant, including revenue recognition, payroll accounting, fixed asset accounting, debt liabilities, and more. Table of Contents Delivery Method: Online QAS Self Study. Level: Overview. Prerequisites: None Advanced Preparation: None

Author: Steven Bragg, CPA Publication: October 2017 Format: PDF Pages:  262 Passing Grade: 70% Exam Policies: Exam may be retaken. Course must be completed within one year of purchase. CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Understand why health care is one of the most examined industries in the country.
  • Cite the financial statements used by each of the different types of health care entities.
  • Note the accounting principles that apply to health care entities.
  • Describe the nature of the accounting cycle.
  • Note why the out-of-balance concept harms a system of accounting.
  • Recognize the source of the trial balance.
  • Discuss how the extended trial balance is used.
  • Recognize the characteristics of the accrual basis of accounting.
  • Identify the formula underlying the balance sheet.
  • Note the criteria that define a not-for-profit entity.
  • Describe the proper accounting for all variations on a pledge.
  • Recognize the nature of a performance indicator.
  • Recognize the nature of net assets for a not-for-profit entity.
  • Recognize the key characteristics of a fund.
  • Identify the key components of net position in a financial statement.
  • Describe the uses to which a bank reconciliation can be put.
  • Cite the elements of a bank statement.
  • Recognize the various reconciliation problems that may be encountered when preparing a bank reconciliation.
  • Identify the characteristics of the different methods used to account for bad debts.
  • Describe the characteristics of the different inventory tracking systems.
  • Note the advantages and disadvantages of the different inventory costing methods.
  • Describe the calculation for the gross profit method.
  • Describe the proper accounting for an investment.
  • Recognize the costs to be capitalized for a fixed asset.
  • Describe the derivation of a fixed asset’s useful life.
  • Identify the nature of the mid-month convention.
  • Note the calculation used to develop an accelerated depreciation method.
  • Note the accounting for an idle fixed asset.
  • Describe the accounting for an asset retirement obligation.
  • Define accretion expense.
  • Note the calculation method used to derive the interest rate inherent in an early payment discount.
  • Describe the accounting for advance fees.
  • Cite the different types of standard payment methods required of residents by continuing care retirement communities.
  • Describe the accounting for the extinguishment of debt.
  • Describe the different types of bonds and the features that can be incorporated into the terms of a bond.
  • Recognize the circumstances under which the tax-exempt status of a bond can be lost.
  • Note the factors involved in the determination of revenue.
  • Identify the circumstances under which the expected value method can be used.
  • Recognize the accounting for naming rights.
  • Recognize the calculation methods used to determine wages.
  • Describe how unemployment tax rates are developed for a new employer, and thereafter.
  • Describe the uses to which the Form W-4 can be put.
  • Note how the wage bracket method is used to determine tax withholdings.
  • Recognize the different methods that are available for setting payroll tax deposits.
  • Note the characteristics of a split-interest agreement.
  • Describe which features of a relationship between entities trigger a consolidation of their financial statements.
  • Understand the accounting for advertising expenditures.
  • Note the proper accounting for a trust fund that is being used to settle malpractice claims.

 

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