Showing papers on "Accounting period published in 2004"
Book•
22 Sep 2004
TL;DR: In this article, the authors present an overview of the state of the art in health care industry financial structure and dynamics, including the role of the Board of Trustees and the Audit Committee.
Abstract: List of Exhibits. Foreword. Preface. About the Authors. 1. Governing. Obligations. Responsibilities. Roles. Governance Work. Governance "Enablers". In the Boardroom. 2. Financial Responsibilities. Objectives. Plans. Monitoring and Assessing. Controls and the Audit. Organization. In the Boardroom. 3. Health Care Industry Financial Structure and Dynamics. The Big Picture. Health Insurance. Voluntary Health Insurance. Social Insurance (Medicare). Welfare Insurance (Medicaid). Health Maintenance Organizations. 4. Accounting Basics. Accounting Principles. Accounting Entity. Accounting Period. Monetary Unit. Objectivity. Accrual Accounting. Materiality. Full Disclosure and Transparency. Conservatism, Consistency, and Comparability. Accounting Value. Accounting Equation. Revenues. Expenses. Summary. 5. Reading Financial Statements. Revenue/Expense Summary. Balance Sheet. Statement of Cash Flows. In the Boardroom. 6. Analyzing Financial Statements and Overseeing Financial Performance. Horizontal and Vertical Analyses. Ratio Analysis. Financial Oversight. In the Boardroom. 7. Looking Forward: Vision, Strategies, Financial Plans, and Budgets. The Vision and Strategic Planning. Financial Planning. Budgeting. In the Boardroom. 8. Source of Funds: Financing. Capital Structure. Creditworthiness. Long-Term Debt Financing. In the Boardroom. 9. Use of Funds: Capital Investment. Approaches. Types of Capital Investment. Financial Analysis of Capital Projects. In the Boardroom. 10. Financial Integrity and Credibility. Audit Committee. The Audit. Internal Controls. Emerging Expectations and Standards. In the Boardroom. 11. The Finale. Admonitions. Checklist. Resources. Appendix A: E. Polley Francis Hospital, Traditionally Configured Financial Statements. Appendix B: Executive Summary of Sarbanes-Oxley Act Provisions and NYSE Governance Rules. Appendix C: E. Polley Francis Hospital, Illustrative Code-of-Conduct Provisions. Index.
2 citations
TL;DR: In this article, the authors examine the factors that allow fraud to flourish at a low level, or "under the radar" of internal controls; describe some of the more common schemes that occur; and propose responses that management can implement to prevent fraud from occurring in the future.
Abstract: While the major “eye‐popping,” headline‐grabbing financial statement frauds have captured the attention of the investing public in recent years, little heed has been given to the smaller‐dollar, more repetitive frauds that occur in organizations year in and year out ‐ misappropriation of an entity’s assets, repeated during any given accounting period (e.g., month/year) in an amount insufficient to be detected by the entity’s system of internal controls. The purpose of this article is to examine the factors that allow fraud to flourish at a low level, or “under the radar” of internal controls; describe some of the more common schemes that occur; and propose responses that management can implement to prevent fraud from occurring in the future.
1 citations