PICK ONE TO ANSWER AND INCLUDE THE QUESTION YOU PICK AND REFERENCES. IN TEXT CITATION IS A MUST

1

Choose ONE (1) question below to discuss and then respond to TWO (2) of your classmates answers (Try not to repeat others answers). Include the question with your response.

1. How do charity care and bad-debt differ in both definition and how they are treated on financial statements? Explain.

2. What is the difference between net income and cash flow? In your discussion, include a discussion of what financial statements are used to report these measures.

3. What are the three types of revenue on an income statement? Explain each.

4. What is a non-cash expense? Provide some examples. What financial statement are non-cash expenses recorded on?

5. What is financial accounting? How does it differ from managerial accounting?

Make sure you are properly citing your source(s) and providing your reference(s) for information you obtain from another source. Please review the Discussion Expectations and Grading posting if you have any questions regarding answering the discussion question and/or responding to your peers.

2) Chapter 5.1 and 5.3: Cost Behavior and Contribution Margin (Managerial Accounting, Saylor)

https://saylordotorg.github.io/text_managerial-accounting/s09-01-cost-behavior-patterns.html

https://saylordotorg.github.io/text_managerial-accounting/s09-03-the-contribution-margin-income.html

3) Small Business Management in 21st Century (Saylor Academy, 2012)

Chapter 9.2: Financial Accounting Statements

https://saylordotorg.github.io/text_small-business-management-in-the-21st-century/s13-02-financial-accounting-statement.html

4) Managerial Accounting (Saylor)

Chapter 1.1: What is Managerial Accounting?

https://saylordotorg.github.io/text_managerial-accounting/s05-01-characteristics-of-managerial-.html

View: The optional accounting primer videos below

Review:  http://www.a-systems.net/accounting.htm  (This is a good introduction and review of accounting principles and statements if you are new to accounting or a bit rusty)

Do:

https://leocontent.umgc.edu/content/umuc/tus/hmgt/hmgt322/2222/additional-resources/videos/transcripts/video4transcript.html?ou=628818

https://leocontent.umgc.edu/content/umuc/tus/hmgt/hmgt322/2222/additional-resources/videos/transcripts/video6transcript.html?ou=628818

https://leocontent.umgc.edu/content/umuc/tus/hmgt/hmgt322/2222/additional-resources/videos/transcripts/video15transcript.html?ou=628818

2

Choose ONE (1) question below to discuss and then respond to TWO (2) of your classmates answers (Try not to repeat others answers). Include the question with your response.

1. Explain why cost management and cost allocation is important information for a healthcare manager?

2. What are indirect or overhead costs? Discuss one method in which overhead costs can be allocated?

3. What is the degree of operating leverage? What does it mean if one firm has a measure of 40% and the other has a measure of 50%, which is better?

4. Define fixed cost and provide an example of a fixed cost in a healthcare setting.

5. Define variable cost and provide an example of a variable cost in a healthcare setting.

Make sure you are properly citing your source(s) and providing your reference(s) for information you obtain from another source.

Cost-volume-profit relationship&break even analysis 

You may want to look at the related articles (on the left) as well.

3) What Effect Does Operating Leverage Have on A Company’s Profits?

http://smallbusiness.chron.com/effect-operating-leverage-companys-profits-76791.html

4) “The Effect of Fee-for-Service and Capitation Reimbursement Models on Healthcare Reimbursement” by Mark Roller

https://www.linkedin.com/pulse/effect-fee-for-service-capitation-reimbursement-models-mark-roller