Hfma's Introduction to Hospital Accounting

by Nowicki, Michael

• ISBN13: 9781567932546
• ISBN10: 1567932541
• Edition: 5th
• Format: Paperback
• Copyright: 2006-07-01
• Publisher: Foundation of the Amer College

Table of Contents

Foreword	xiii
Preface	xv
Acknowledgments	xvii
Nature and Function of Hospital Accounting	1	(30)
The Economic Environment	1	(4)
Hospital Organization	5	(3)
The Need for Statistical and Financial Information	8	(1)
The Accounting Function	9	(3)
Financial Statements	12	(1)
The Balance Sheet	13	(5)
Statement of Operations	18	(6)
Questions	24	(1)
Exercises	25	(1)
Problems	26	(3)
Note	29	(2)
Analysis of Business Transactions	31	(20)
Learning Accounting Techniques with Manual Systems	31	(1)
Documentary Evidence of Transactions	32	(1)
The Accounting Equation	32	(4)
Debit and Credit Methodology	36	(3)
Use of Accounts	39	(5)
The Need for More Detailed Information	44	(1)
Questions	45	(1)
Exercises	46	(1)
Problems	47	(4)
Journal, Ledger, and Trial Balance	51	(26)
Illustration Data	51	(2)
Chart of Accounts	53	(3)
Journal	56	(7)
Ledger	63	(5)
Trial Balance	68	(1)
Questions	68	(2)
Exercises	70	(1)
Problems	71	(6)
Worksheets, Financial Statements, and Closing Entries	77	(18)
The General Worksheet	77	(3)
Financial Statements	80	(5)
Closing the Books	85	(3)
Summary of the Accounting Procedure	88	(2)
Questions	90	(1)
Exercises	90	(2)
Problems	92	(3)
Prepaid and Accrued Expenses	95	(18)
The Matching Principle	96	(1)
Prepaid Expenses	97	(5)
Accrued Expenses	102	(3)
Reversing Entries	105	(2)
Questions	107	(1)
Exercises	108	(1)
Problems	109	(4)
Deferred and Accrued Revenues	113	(12)
Deferred Revenues	113	(3)
Accrued Revenues	116	(2)
Summary of Adjustments for Prepayments and Accruals	118	(2)
Questions	120	(1)
Exercises	120	(1)
Problems	121	(4)
Depreciation and Revenue Deductions	125	(18)
Depreciation	125	(4)
Revenue Deductions	129	(8)
Summary of Adjustments for Depreciation and Revenue Deductions	137	(1)
Questions	138	(1)
Exercises	138	(1)
Problems	139	(4)
Accounting Cycle Summary	143	(22)
Journalizing and Posting Transaction Entries	144	(1)
Expansion of the Worksheet	144	(1)
Financial Statements	144	(7)
Journalizing and Posting Adjusting Entries	151	(2)
Journalizing and Posting Closing Entries	153	(3)
Questions	156	(2)
Exercises	158	(1)
Problems	159	(6)
Development of Interim Financial Statements	165	(20)
Monthly Trial Balances	165	(2)
Developing the Adjusting Entries for September	167	(7)
Interim Statements	174	(4)
Questions	178	(1)
Exercises	179	(1)
Problems	180	(5)
Expansion of the Chart of Accounts	185	(14)
Balance Sheet Accounts	185	(3)
Statement of Operations Accounts	188	(9)
Questions	197	(2)
Special Journals and Ledgers	199	(20)
Overview of the System	199	(3)
Journal System	202	(13)
Ledger System	215	(1)
Questions	215	(4)
Revenues, Receivables, and Cash Receipts	219	(18)
Recording Inpatient Revenues	219	(8)
Recording Outpatient Revenues	227	(2)
Recording Cash Receipts	229	(3)
Reconciling Control Accounts and Subsidiary Records	232	(2)
Questions	234	(3)
Payroll Accounting Procedures	237	(16)
Compilation of Gross Payrolls	237	(2)
Payroll Deductions	239	(3)
Recording the Payroll	242	(5)
Donated Services	247	(1)
Payroll-Related Costs	247	(2)
Questions	249	(4)
Expenses, Payables, and Disbursements	253	(20)
Purchasing	253	(2)
Receiving	255	(1)
Recording Purchases	256	(5)
Recording Cash Disbursements	261	(2)
Summary of Procedures for Recording Transactions	263	(5)
Questions	268	(5)
Principles of Fund Accounting	273	(12)
Nature of Fund Accounting	274	(3)
Types of Funds	277	(6)
Questions	283	(2)
Quick Assets	285	(34)
Cash	285	(11)
Temporary Investments	296	(3)
Receivables	299	(9)
Accounting for Notes Receivable	308	(2)
Internal Control	310	(1)
Questions	311	(1)
Exercises	312	(2)
Problems	314	(5)
Inventories and Current Liabilities	319	(22)
Inventories	319	(4)
Inventory Valuation Methods	323	(7)
Current Liabilities	330	(6)
Questions	336	(1)
Exercises	337	(1)
Problems	338	(3)
Plant Assets and Depreciation	341	(18)
Acquisition of Plant Assets	341	(4)
Depreciation of Plant Assets	345	(5)
Disposal of Plant Assets	350	(3)
Questions	353	(1)
Exercises	354	(1)
Problems	355	(4)
Long-Term Investments	359	(18)
Investments in Bonds	360	(7)
Investments in Stocks	367	(5)
Internal Controls	372	(1)
Questions	372	(1)
Exercises	373	(1)
Problems	374	(3)
Long-Term Liabilities	377	(20)
Nature of Bonds Payable	377	(2)
Issuance of Bonds	379	(3)
Bond Interest and Amortization	382	(6)
Early Extinguishment of Debt	388	(2)
Serial Bonds	390	(1)
Questions	391	(2)
Exercises	393	(1)
Problems	394	(3)
Statement of Cash Flows	397	(22)
Nature of the Statement of Cash Flows	397	(3)
Illustration Data	400	(4)
Equation for the Statement of Cash Flows	404	(2)
Classification of Cash Flows	406	(1)
Form and Content of the Statement of Cash Flows	407	(5)
Questions	412	(1)
Exercises	412	(2)
Problems	414	(5)
Analysis and Interpretation of Financial Statements	419	(28)
Basic Analytical Techniques	421	(7)
Analysis of Operating Results	428	(5)
Analysis of Financial Position	433	(5)
Questions	438	(1)
Exercises	439	(2)
Problems	441	(6)
Appendix A	447	(2)
Appendix B	449	(2)
Glossary	451	(10)
Index	461	(8)
About the Author	469