Question 1

For a not-for-profit hospital,which of the following financial statements is NOT required?

Accepted Answer

A) Statement of financial position. 
B) Statement of activities. 
C) Statement of cash flows. 
D) Statement of functional expenses. 
A) Statement of financial position. 
B) Statement of activities. 
C) Statement of cash flows. 
D) Statement of functional expenses.

Question 2

Sponsors of not-for-profit health care organizations generally include:

Accepted Answer

A) Universities 
B) Community Organizations 
C) Religious Organizations 
D) Any of the above 
A) Universities 
B) Community Organizations 
C) Religious Organizations 
D) Any of the above

Question 3

The statement of activities must indicate net assets released from restriction and any transfers between funds.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following would normally be considered ongoing or central transactions for a not-for-profit hospital?

Accepted Answer

A) Recovery room fees for surgical patients 
B) Room and board fees from patients 
C) Both of the above 
D) Neither of the above 
A) Recovery room fees for surgical patients 
B) Room and board fees from patients 
C) Both of the above 
D) Neither of the above

For a not-for-profit hospital,which of the following financial statements is NOT required?

Sponsors of not-for-profit health care organizations generally include:

The statement of activities must indicate net assets released from restriction and any transfers between funds.

Which of the following would normally be considered ongoing or central transactions for a not-for-profit hospital?

The Government and Not-For-Profit Environment

Fund Accounting

Issues of Budgeting and Control

Recognizing Revenues in Governmental Funds

Recognizing Expenditures in Governmental Funds

Accounting for Capital Projects and Debt Service

Capital Assets and Investments in Marketable Securities

Long-Term Obligations

Business-Type Activities

Fiduciary Funds and Permanent Funds

Issues of Reporting, Disclosure, and Financial Analysis

Not-For-Profit Organizations

Colleges and Universities

Managing for Results

Auditing Governments and Not-For-Profit Organizations

Federal Government Accounting

Filters

Exam 14: Health Care Providers

For a not-for-profit hospital,which of the following financial statements is NOT required?

Sponsors of not-for-profit health care organizations generally include:

The statement of activities must indicate net assets released from restriction and any transfers between funds.

Which of the following would normally be considered ongoing or central transactions for a not-for-profit hospital?

The Government and Not-For-Profit Environment

Fund Accounting

Issues of Budgeting and Control

Recognizing Revenues in Governmental Funds

Recognizing Expenditures in Governmental Funds

Accounting for Capital Projects and Debt Service

Capital Assets and Investments in Marketable Securities

Long-Term Obligations

Business-Type Activities

Fiduciary Funds and Permanent Funds

Issues of Reporting, Disclosure, and Financial Analysis

Not-For-Profit Organizations

Colleges and Universities

Managing for Results

Auditing Governments and Not-For-Profit Organizations

Federal Government Accounting

Filters