Index - Major Sections
Home

**InHCc HMIS**

Site Map
Health Economic and Reform

Benefits

Discussion

Data and Data Analysis

Health Management

Product and Services
References
Team

_______________

Index - Same Level Subject

Project Evaluation
Accounting
Cost Accounting
Investment Analysis
CDC Guidelines
 

Index - Child Subjects
Introduction
Inventory
Cost Acccounting
Chart of Accounts
Budget Formation
Standard Unit Costing
Managerial Accounting
Auditing

Introduction

Accounting has been the back-bone of most organizational efforts to accumulate information. However, accounting has been severely "under-used." In general, this has been because the process of accounting has been limited to simple "bookkeeping" or reporting to outside viewers. 

One book on accounting concepts defines accounting as "meeting your obligation of accountability." Then states that you need to (1) know how you have spent the finances available to you; and (2) ensure that the money you control has been spent as intended.

Accounting has a lot more to offer. Accounting is the act of providing data to management in such a way as to allow the manager to manager...to "control" the way that resources are used. Accounting is used to increase the effectiveness and efficiency of resource allocation. 

Accounting can be broken into several specialized area

• General Accounting
• Cost Accounting
  • Financial Accounting
  • Managerial Accounting

General Accounting generally focuses on reporting to stakeholders. 

Cost Accounting focuses on the costing of products and services.

Financial Accounting focuses on the use of information for the investments of the organizations resources.

Managerial Accounting focuses on the use of information for making strategic decisions. 

Health Care Organization operational data

• Revenues by department

• Revenues by health care professional

Billing, Invoicing and Statement Accounting

• Billing and Charges

• Order Cancellation

• Adjustments

• Invoicing

• Client and Household Balances

• Accounting Audit

Purchasing and Inventory Control

• Requisitions and Purchasing

• Inventory Management

• Product movement at each transfer point in detail (Department, Healthcare Professional, Client, Diagnosis, Date/Time)

Audit

• Financial Accounting Audit

• Client Accounts Reconciliation

References:

• Accounting Fundamentals for Health Care Management by Steven A. Finkler and David M. Ward (Paperback - Mar 3, 2006)

• Cost Accounting for Health Care Organizations: Concepts and Applications by Steven A. Finkler and David M. Ward (Hardcover - Jan 1999)

• Management Accounting for Health Care Organizations: Tools and Techniques for Decision Support by Robert Hankins

• Management Accounting in Health Care Organizations by David W. Young

Back to Top