Exam 21: Financial Management Key

A(n) ________, which is sometimes called an encounter form or superbill, is the original record of the doctor's services and the charge for those services.

The amount of money owed on a company asset is a(n) ________.

A(n) ________ check is a check issued on bank paper and signed by a bank representative; it is usually purchased by people who do not have checking accounts.

After receiving a check, immediately ________ it to prevent the check from being cashed if it is lost or stolen.

Once a month, when the practice receives the monthly checking account statement from the bank, the statement should be compared with the office's financial records to ensure that they are consistent and accurate. This process is called ________.

A standard personal or business check that the bank verifies and then sets aside the funds to guarantee payment is a ____ check.

When the office manager or physician decides that an account is uncollectable, you should ____.

Which of the following shows how much cash is available to cover expenses, to invest, or to take as profit?

Which of the following accounts payable is typically the largest in a medical office?

Which of the following is not an advantage of using a computerized bookkeeping system?

The process of communicating the income and expenses of a business and its financial health is known as ____.

Which of the following is important because it helps to control expenses?

Goods or properties that have a dollar value, such as the medical practice building, bank accounts, office equipment, and accounts receivable, are called ________.

Which of the following types of checks is preprinted and might be used by a physician to pay for out-of-town conference expenses?

Another term for a statement of income and expense is ________ statement.

Another term for a write-it-once system is ____ system.

Today, a practice's financial summary is generally prepared by ____.

An endorsement that specifies precisely how the check may be redeemed, such as only for deposit in the practice's bank account, is a ____.

A(n) ________ is a kind of certificate of guaranteed payment that can be purchased from banks and post offices and from some convenience stores.

A physician may periodically review which of the following to ensure that the books balance?