Question 1

The GASB and the FASB provide the same criteria for recognizing and reporting services donated to a health care entity.

Accepted Answer

A) True 
 B)False

Question 2

The GASB requires business-type health care organizations to prepare which of the following financial statements?

Accepted Answer

A)  Statement of revenues, expenses, and changes in net position; statement of net position; and statement of cash flows. 
B)  Statement of operations; statement of net assets; and a statement of cash flows. 
C)  Statement of revenues, expenses, and changes in net position; and statement of net position. 
D)  Statement of activities; statement of net position; statement of changes in net position; and statement of cash flows. 
A)  Statement of revenues, expenses, and changes in net position; statement of net position; and statement of cash flows. 
B)  Statement of operations; statement of net assets; and a statement of cash flows. 
C)  Statement of revenues, expenses, and changes in net position; and statement of net position. 
D)  Statement of activities; statement of net position; statement of changes in net position; and statement of cash flows.

Question 3

Financial and operational analysis of health care entities is useful to which of the following decision makers?

Accepted Answer

A)  Managers directly accountable for performance. 
B)  Analysts determining the credit worthiness of the organization's debt. 
C)  Third parties determining the appropriate payment based on costs. 
D)  All of these decision makers find financial and operational analysis of health care entities useful. 
A)  Managers directly accountable for performance. 
B)  Analysts determining the credit worthiness of the organization's debt. 
C)  Third parties determining the appropriate payment based on costs. 
D)  All of these decision makers find financial and operational analysis of health care entities useful.

The GASB and the FASB provide the same criteria for recognizing and reporting services donated to a health care entity.

The GASB requires business-type health care organizations to prepare which of the following financial statements?

Financial and operational analysis of health care entities is useful to which of the following decision makers?

Introduction to Accounting and Financial Reporting for Government and Not-for-Profit Entities

Principles of Accounting and Financial Reporting for State and Local Governments

Governmental Operating Statement Accounts; Budgetary Accounting

Accounting for Governmental Operating Activities–Illustrative Transactions and Financial Statements

Accounting for General Capital Assets and Capital Projects

Accounting for General Long-Term Liabilities and Debt Service

Accounting for the Business-type Activities of State and Local Governments

Accounting for Fiduciary Activities—Custodial and Trust Funds

Financial Reporting of State and Local Governments

Analysis of Government Financial Performance

Auditing of Government and Not-for-Profit Organizations

Budgeting and Performance Measurement

Not-for-Profit Organizations—Regulatory, Taxation, and Performance Issues

Accounting for Not-for-Profit Organizations

Accounting for Colleges and Universities

Accounting and Reporting for the Federal Government

Filters

Exam 16: Accounting for Health Care Organizations

The GASB and the FASB provide the same criteria for recognizing and reporting services donated to a health care entity.

The GASB requires business-type health care organizations to prepare which of the following financial statements?

Financial and operational analysis of health care entities is useful to which of the following decision makers?

Introduction to Accounting and Financial Reporting for Government and Not-for-Profit Entities

Principles of Accounting and Financial Reporting for State and Local Governments

Governmental Operating Statement Accounts; Budgetary Accounting

Accounting for Governmental Operating Activities–Illustrative Transactions and Financial Statements

Accounting for General Capital Assets and Capital Projects

Accounting for General Long-Term Liabilities and Debt Service

Accounting for the Business-type Activities of State and Local Governments

Accounting for Fiduciary Activities—Custodial and Trust Funds

Financial Reporting of State and Local Governments

Analysis of Government Financial Performance

Auditing of Government and Not-for-Profit Organizations

Budgeting and Performance Measurement

Not-for-Profit Organizations—Regulatory, Taxation, and Performance Issues

Accounting for Not-for-Profit Organizations

Accounting for Colleges and Universities

Accounting and Reporting for the Federal Government

Filters