Hcs405 Week 2 Reporting Practices And Ethics

Reporting Practices and Ethics
HCS 405
November 21, 2011
Diana Schilling

Reporting Practices and Ethics
Reporting practices and ethics ar a main part for many successful businesses. This can be a complex challenge for health do managers as they deal with the basic elements of financial management to the complex burdens of estimable compliance and accuracy. This paper pass on discuss the financial insurance coverage practices and ethical standards in health care, and show how health care reform is changing and making organizations more accountable. This paper willing explain the elements of financial management, general financial ethical standards, and will view some corporate scandals involving ethics, fraud and abuse.
Financial Management
in that location are four elements of financial management; planning, controlling, organizing and directing and conclusion making. Each element is based on the purpose of from each one task. By using these elements it makes the managers choices more advised and effective. In the planning stage a manager need to identify what steps and tasks need to be accomplished for this task. unconditional is when a manager makes certain that a plan is in place and followed by each affected area of the organization.



conterminous would be organizing the staff to make sure each employee has the recompense skills to work on the plan and making certain that the plans are followed. Next would be organizing and directing and deciding what resources are more or less effective for the task at hand and how to use these resources. The cause for this is so that the organization runs smoothly and effectively. The last element is finis making and managers must do this after reviewing the choices from the information and the alternatives inclined in the reports or logs. Decisions rely on this information and that is wherefore it is imperative to have honest and accurate reporting (Baker & adenylic acid; Baker, 2011).
General Accepted Accounting Principals and Ethical Standards
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