Reporting Practices And Ethics

Reporting Practices and Ethics
Kristan Leary
HCS 405
June 20, 2011
Amy Roukie

Reporting Practices and Ethics

The financial class periods and estimable standards are really important to produce successful health care presidential terms. In many businesses including the health care industry financial and ethical standards have been implemented to increase the value of the organization and the potency of the consumer. These standards have as well been established to protect the products and services that the organization provides and helps to maintain the reputation of the company. This paper will discuss the immensity of understanding the ethical and financial standards in the industry to suspend fraud and illegal accusations. The paper will also expound how the four elements of finance are implemented and the standards of conduct.
The people on the job(p) in the health care industry make punk decisions on a daily basis. The rising cost of medical checkup services and the economy makes these decisions not only difficult for the patients besides the physicians, society, and policymakers as well. Health care organizations have access to an highly helpful program that applies the code of ethics and best practice concepts. These are used for the analysis of company transactions, assets, losses, and other accounts.



Those accounts also include financial reports and statements.
Four Elements of Financial Management
According to baker and Baker (2011) there are four elements of financial instruction: (1) planning, (2) controlling, (3) organizing and directing, and (4) decision making. The four divisions are based on the conclude of each task (Baker & Baker, 2011, p. 5). These elements have been established to help the choices of managers informed and effective. Breaking each element apart and looking at them individually the first element is planning; this step helps a till to identify what steps and tasks need to be achieved for the organization, the manger may...If you want to get a full essay, order it on our website: Ordercustompaper.com



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