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HCS/405
HEALTH CARE FINANCIAL
ACCOUNTING
The Latest Version A+ Study Guide
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HCS 405 Entire Course Link
https://uopcourses.com/category/hcs-405/
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HCS 405 Week 1 Week One Health Care Financial Terms
Worksheet
Resources: University of Phoenix Material: Week One Health Care Financial Terms
Worksheet
Complete the University of Phoenix Material: Week One Health Care Financial Terms
Worksheet
Week One Health Care Financial Terms Worksheet
Understanding health care financial terms is a prerequisite for both academic and professional
success. This assignment is intended to ensure you understand some of the basic terms used in this
course.
Complete the worksheet below according to the following guidelines:
In the space provided, write each term’s definition as used in health care management.
You must define the term in your own words.
In the space provided after each term’s definition, summarize a health care management
scenario that illustrates the importance of the skill, concept, procedure, or tool to which the
term refers. In the scenario, you may wish to consider the following:
o Why is the skill, concept, procedure, or tool necessary for accurate record keeping,
operational efficiency, excellent patient services, employee management, regulatory
compliance, reducing costs, forecasting, and so forth?
o What successes are enabled by an adequate understanding or appropriate application
of the skill, concept, procedure, or tool?
o What risks or failures are associated with an inadequate understanding or
inappropriate application of the skill, concept, procedure, or tool?
Save the completed worksheet as a Microsoft® Word document with your name in the file
name.
Submit the file to your instructor.
Worksheet
Submitted By:
[Type your name here.]
Term Definition Scenario
Controlling
Decision
making
Organizing
Planning
Original
records
HCS 405 Week 2 Reporting Practices and Ethics Paper
Resource: University of Phoenix Material: Reporting Practices and Ethics Paper Grading
Criteria
Find two or three articles that address financial reporting practices and ethical standards
in health care finance, including the following topics:
Generally accepted accounting principles
Corporate compliance, ethics, or fraud and abuse
Write a 700- to 1,050-word paper on the financial management of health care
organizations, integrating your research articles.
Include a summary of the four elements of financial management.
Include a summary of generally accepted accounting principles and general
financial ethical standards.
Provide examples from the articles that reflect ethical standards of conduct and
financial reporting practices.
Explain the significance of each example.
Format your paper consistent with APA guidelines.
HCS 405 Week 2 Week Two Health Care Financial Terms
Worksheet
Resource: University of Phoenix Material: Week Two Health Care Financial Terms
Worksheet
Complete the University of Phoenix Material: Week Two Health Care Financial Terms
Worksheet.
Week Two Health Care Financial Terms Worksheet
Understanding health care financial terms is a prerequisite for both academic and professional
success. This assignment is intended to ensure you understand some of the basic terms used in this
course.
Complete the worksheet below according to the following guidelines:
In the space provided, write each term’s definition as used in health care management.
You must define the term in your own words.
In the space provided after each term’s definition, summarize a health care management
scenario that illustrates the importance of the skill, concept, procedure, or tool to which the
term refers. In the scenario, you may wish to consider the following:
o Why the skill, concept, procedure, or tool is necessary for accurate record keeping,
operational efficiency, excellent patient services, employee management, regulatory
compliance, reducing costs, forecasting, and so forth
o Successes enabled by an adequate understanding or appropriate application of the
skill, concept, procedure, or tool
o Risks or failures associated with an inadequate understanding or inappropriate
application of the skill, concept, procedure, or tool
Save the completed worksheet as a Microsoft® Word document with your name in the file
name.
Submit the file to your instructor.
Worksheet
Submitted By:
[Type your name here.]
Term Definition Scenario
Balance
sheet
Statement
of revenue
and
expense
Revenue
cycle
Payer mix
Revenue
HCS 405 Week 2 Patton-Fuller Income Statement Worksheet
Resource: University of Phoenix Material: Patton-Fuller Income Statement Worksheet.
Review the income statements for 2008 and 2009 located in the Patton-Fuller Community
Hospital Virtual Organization.
Click on the Virtual Organization link in the "Resources" tab.
Click on the Healthcare tab and access the Patton-Fuller Community Hospital.
Click the Chief Financial Officer link under the Corporate Officers tab to access
the financial statements.
Complete the University of Phoenix Material: Patton-Fuller Income Statement Worksheet
located on the student website.
Patton Fuller Income Statement Worksheet
Instructions
Review the Patton Fuller income statements for 2008 and 2009. A link to the Patton Fuller
Virtual Organization is located on the student website.
Complete the worksheet located below using the 2008 and 2009 Patton Fuller income statements.
You must:
Calculate the dollar value change from 2008 to 2009 for each line item.
Calculate the percentage change from 2008 to 2009 for each line item.
Save the completed worksheet as a Microsoft Word document with your name in the file
name.
Submit the file to your instructor.
Worksheet
Submitted By:
[Type your name here.]
Line Item Dollar Value Change Percentage Change
Revenues
Net Patient Revenue
Other Revenues
Total Revenues
Expenses
Salaries and Benefits
Supplies
Physician and Professional Fees
Utilities
Other
Depreciation and Amortization
(Non-Cash Expenses)
Interest
Provision for Doubtful Accounts
Total Expenses
Operating Income
Non-Operating Income (Loss)
Investment Income
Net Income
HCS 405 Week 3 Week Three Health Care Financial Terms
Worksheet
Resources: University of Phoenix Material: Week Three Health Care Financial Terms
Worksheet
Complete the University of Phoenix Material: Week Three Health Care Financial Terms
Worksheet.
Week Three Health Care Financial Terms Worksheet
Understanding health care financial terms is a prerequisite for both academic and professional
success. This assignment is intended to ensure you understand some of the basic terms used in this
course.
Complete the worksheet below according to the following guidelines:
In the space provided, write each term’s definition as used in health care management.
You must define the term in your own words.
In the space provided after each term’s definition, summarize a health care management
scenario that illustrates the importance of the skill, concept, procedure, or tool to which the
term refers. In the scenario, you may wish to consider the following:
o Why is the skill, concept, procedure, or tool necessary for accurate record keeping,
operational efficiency, excellent patient services, employee management, regulatory
compliance, reducing costs, forecasting, and so forth?
o What successes are enabled by an adequate understanding or appropriate application
of the skill, concept, procedure, or tool?
o What risks or failures are associated with an inadequate understanding or
inappropriate application of the skill, concept, procedure, or tool?
Save the completed worksheet as a Microsoft Word document with your name in the file name.
Submit the file to your instructor.
Worksheet
Submitted By:
[Type your name here.]
Term Definition Scenario
Capital
expenditure
budget
Direct cost
Flexible
budget
Operating
budget
Responsibility
center
HCS 405 Week 3 Financial Statements Review
Resource: Patton-Fuller Community Hospital Virtual Organization
Review the financial statements,located in the Patton-Fuller Community Hospital Virtual
Organization.
Click on the Virtual Organization link in the "Resources" tab.
Click on the Healthcare tab and access the Patton-Fuller Community Hospital.
Click the Chief Financial Officer link under the Corporate Officers tab to access
the financial statements.
Write a 350- to 700-word summary that addresses the following:
Annual report, including the Patton-Fuller financial statements
o How did the audited and unaudited financial statements differ?
Relationship between revenue sources and expenses on Patton-Fuller’s financial
performance
o What is the effect of revenue sources on financial reporting at the
hospital?
o How are the hospital’s revenues and expenses grouped for planning and
control?
Format your paper consistent with APA guidelines.
HCS 405 Week 4 Simulation Review
Complete the following tasks before beginning the simulation:
Save and print the Simulation Aid document. You will need to reference it as you
complete the simulation.
Review the assignment instructions and have an extra sheet of paper ready for
taking notes as you complete the simulation.
Complete the Health Care Financial Accounting simulation. In the simulation, you are in
charge of a fictitious health care organization facing financial difficulties. You must
complete the following tasks:
Phase 1: Capital Shortage - Analyze the working capital shortage presented in the
simulation
Phase 2: Funding Options for Equipment Acquisition - Evaluate funding options
for acquiring medical equipment
Phase 3: Funding Options for Capital Expansion - Evaluate funding options for
capital expansion
Write a 1,050- to 1,400-word paper analyzing the decisions you made in the simulation.
Include the following in the paper:
Phase I: Capital Shortage
Analyze which cost-cutting options you selected and why.
Analyze which loan option you selected and why.
Analyze the outcome of your capital shortage decision.
Phase II: Funding Options for Equipment Acquisition
Evaluate which cost-effective equipment selections you made and why.
Evaluated the outcome of your cost-effective equipment acquisition decision.
Phase III: Funding Options for Capital Expansion
Evaluate which source of funding for capital expansion you selected and why.
Evaluate the outcome of your source of funding for capital expansion decision.
Summary and Conclusions
Explain what you learned from this simulation.
Explain what you would do differently if you performed the simulation again.
Explain how you will apply what you learned from the simulation at your current or
future job.
Support your ideas, analysis, and conclusions with references to scholarly external
sources, such as the textbook and journal articles.
Format your paper consistent with APA guidelines.
HCS 405 Week 4 Week Four Health Care Financial Terms
Worksheet
Resource: University of Phoenix Material: Week Four Health Care Financial Terms
Worksheet
Complete the University of Phoenix Material: Week Four Health Care Financial Terms
Worksheet.
Week Four Health Care Financial Terms Worksheet
Understanding health care financial terms is a prerequisite for both academic and professional
success. This assignment is intended to ensure you understand some of the basic terms used in this
course.
Complete the worksheet below according to the following guidelines:
In the space provided, write each term’s definition as used in health care management.
You must define the term in your own words.
In the space provided after each term’s definition, summarize a health care management
scenario that illustrates the importance of the skill, concept, procedure, or tool to which the
term refers. . In the scenario, you may wish to consider the following:
o Why is the skill, concept, procedure, or tool necessary for accurate record keeping,
operational efficiency, excellent patient services, employee management, regulatory
compliance, reducing costs, forecasting, and so forth?
o What successes are enabled by an adequate understanding or appropriate application
of the skill, concept, procedure, or tool?
o What risks or failures are associated with an inadequate understanding or
inappropriate application of the skill, concept, procedure, or tool?
Save the completed worksheet as a Microsoft® Word document with your name in the file
name.
Submit the file to your instructor.
Worksheet
Submitted By:
[Type your name here.]
Term Definition Scenario
Forecast
Full-time
equivalents
Noncontrollable
expenses
Nonproductive
time
Staffing
HCS 405 Week 4 Patton-Fuller Ratio Computation
Resource: Patton-Fuller Community Hospital Virtual Organization
Review the financial statements, located in the Patton Fuller Community Hospital Virtual
Organization.
Click on the Virtual Organization link in the "Resources" tab.
Click on the Healthcare tab and access the Patton-Fuller Community Hospital.
Click the Chief Financial Officer link under the Corporate Officers tab to access
the financial statements.
Compute the eight ratios—as shown in Chapter 11—for Patton-Fuller Hospital based on
its unaudited financial statements and critique its operating results and financial position.
Ratio by ratio, do you agree or disagree with the CEO’s report to the Board?
Read the Annual Report and the audited financial statements, and re-compute
those same ratios using the audited financial statements.
Considerthe financial performance before the audit, and after the audit. What has
changed and how significant is that change? What plans should the hospital
Board make for next year and the next five years?
HCS 405 Week 5 Concept Reflection
Reflect on the following:
How might financial managers budget for unforeseen changes and improvements
in information technology that require large capital outlays?
Write a 200- to 350-word response.
HCS 405 Week 5 Week Five Health Care Financial Terms
Worksheet
Resource: University of Phoenix Material: Week Five Health Care Financial Terms
worksheet.
Complete the University of Phoenix Material: Week Five Health Care Financial Terms
worksheet.
Week Five Health Care Financial Terms Worksheet
Understanding health care financial terms is a prerequisite for both academic and professional
success. This assignment is intended to ensure you understand some of the basic terms used in this
course.
Complete the worksheet below according to the following guidelines:
In the space provided, write each term’s definition as used in health care management.
You must define the term in your own words.
In the space provided after each term’s definition, summarize a health care management
scenario that illustrates the importance of the skill, concept, procedure, or tool to which the
term refers. In the scenario, you may wish to consider the following:
o Why is the skill, concept, procedure, or tool necessary for accurate record keeping,
operational efficiency, excellent patient services, employee management, regulatory
compliance, reducing costs, forecasting, and so forth?
o What successes are enabled by an adequate understanding or appropriate application
of the skill, concept, procedure, or tool?
o What risks or failures are associated with an inadequate understanding or
inappropriate application of the skill, concept, procedure, or tool?
Save the completed worksheet as a Microsoft® Word document with your name in the file name.
Submit the file to your instructor.
Worksheet
Submitted By:
[Type your name here.]
Term Definition Scenario
Electronic
health
record
Electronic
prescribing
Health
information
technology
Situational
analysis
SWOT
analysis
HCS 405 Week 5 Sensitivity Analysis
Resources: Patton-Fuller Community Hospital Virtual Organization
Review the financial statements, annual report, and budget issues documents, located in
the Patton-Fuller Community Hospital Virtual Organization.
Create a 12- to 15-slide Microsoft® PowerPoint® presentation that summarizes elements
that affect staffing at Patton-Fuller, such as raises in wages and changes in the
nurse-to-patient ratio. Include speaker notes.
Include the following in your presentation:
Provide a comparative analysis of the last two years of data.
Explain how the 2010 budget assumptions will positively or negatively affect
Patton-Fuller.
Explain how you may use a trend analysis to plan for staffing at Patton-Fuller.
Summarize the trend analysis and how comparative data facilitates forecasting at
Patton-Fuller.
Submit the presentation to your instructor.
