Health Care Accounting ON DEMAND
Available Until
Your Desk
12.0 Credits
Member Price $58.00
Non-Member Price $67.00
Overview
The healthcare sector, encompassing over three-quarters of a million organizations, including hospitals, clinics, and nursing homes, operates under unique accounting requirements distinct from standard practices in other industries. These specialized needs pose a significant challenge for accountants and financial professionals, who must navigate a complex landscape of financial reporting and accounting principles specific to healthcare entities. Whether dealing with for-profit, not-for-profit, or governmental organizations, understanding the intricacies of healthcare accounting is crucial yet often overwhelming due to its specialized nature. This course offers an extensive guide to mastering these unique accounting challenges. This course covers the financial statements used by various healthcare entities, dives into the specific accounting principles applicable to the healthcare industry and elaborates on the nature of the accounting cycle within this context. Participants will gain insights into not-for-profit entity accounting, fund characteristics, bank reconciliations, inventory tracking systems, and much more. By the end of this course, attendees will be equipped with a comprehensive understanding of healthcare accounting, enabling them to adeptly manage the financial complexities of this critical sector.
Highlights
Health care entity overview. System of accounting. Not-for-profit accounting and reporting. Governmental accounting and reporting. Cash and receivable accounting. Inventory accounting, and more.
Prerequisites
None.
Designed For
CPAs, attorneys, insurance agents, and financial professionals.
Objectives
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, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $67.00
Member Price $58.00