Health Care Accounting ON DEMAND
Available Until
Your Desk
12.0 Credits
Member Price $336.00
Non-Member Price $386.00
Overview
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. Investments. Fixed asset accounting. Asset retirement and environmental remediation obligation. Current liabilities. Debt liabilities. Revenue recognition. Payroll accounting. Split-interest agreements. Affiliated organizations. Special accounting topics.
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. 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, 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 $386.00
Member Price $336.00