ACCA Financial Management
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ACCA Financial Management
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1. Operating income plus other income. This is analogous to net income before taxes in for-profit entities.

2. A transaction that reduces the risk of an investment.

3. Each service center

4. The elapsed time between when the patient or third-party payor sends the payment and the time the health care provider receives the payment.

5. A category of income that includes unrestricted interest - dividends - and gains from the sale of unrestricted investments.

6. 1) The resources used to produce a good or service. 2) The amount of cash given up in a transaction. 3) Price. The first definition is based on accrual accounting and the second on cash accounting.

7. An estimate/measure of how much a tangible asset (such as plant or equipment) has been "used up" during an accounting period. It is an expense that does not require any cash outflow under the accrual basis of accounting. See also Accumulated deprecia

8. The activities of an organization directly related to its main line of business.

9. The time between the issuance of the bill and the time funds are available for use by the health care organization. It has two components: mail float and processing float.

10. Organizational units primarily responsible for providing services and earning a profit based on the health care services provided.

11. Literally non-movable assets. Generally used to refer to buildings and equipment.

12. The income (operating revenues -operating expenses) earned in non-health-care related activities.

13. The total amount of multiyear debt due in future years.

14. Activity-based costing. A method to determine the costs of a service - product - or customer by tracing the resources consumed. ABC focuses on: I) controlling as well as calculating costs - 2) tracing as opposed to allocating costs - and 3) the impor

15. (non-operating revenues/total operating revenues)- A ratio that reflects how dependent the organization is on non-patient care related net income.

16. The difference between current assets and current liabilities.

17. A method of allocating costs that are not directly paid for (utilities - rent - administration) into those products or services to which payment is attached (day of care - a brief visit). See also Activity-based costing.

18. 1) The degree to which power and authority is concentrated in an organization. 2) The degree to which a variety of services are offered at a single location.

19. Stated interest rate on a bond - as promised by the issuer.

20. Traces indirect costs to activity that uses them. Overhead collected in pools and distributed to cost object by cost drivers.

21. [Total Liabilities/ Net assets]

22. [operating income/total operating revenues]- The proportion of profit remaining after subtracting total operating expenses from operating revenues.

23. Activities that provide guidance and feedback to keep the organization within its budget - such as staff meetings - regular reports - and bonuses.

24. Financial and non-financial standards against which organizational performance is measured.

25. Donated assets that have restrictions on their use which will never be removed.

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