Ethics Essay

395 Words2 Pages
Grading criteria located in Week Two on your student website. Find two or three articles that address financial reporting practices and ethical standards in health care finance, including the following topics: • Generally accepted accounting principles (GAAP) • Corporate compliance, ethics, or fraud and abuse Write a 700- to 1,050-word paper on the financial management of health care organizations, integrating your research articles. • Include a summary of the four elements of financial management. • Include a summary of GAAP and general financial ethical standards. • Provide examples from the articles that reflect ethical standards of conduct and financial reporting practices. • Explain the significance of each example. Format your paper consistent with APA guidelines. In today’s health care industry there are many topics for debate. Issues such as the implementation of patient protections affordable care act (PPACA), to issues of ethical practices of health care finances and the proper reporting of such. In this paper we will discuss the four elements of financial management, generally accepted accounting principles and general financial ethical standards, and we will cover a few examples of situations where people practiced ethical financial reporting in accordance with the standards set forth for financial reporting. Within the health care industry and largely the business world, there are four widely recognized elements of financial management. The first of which is planning. Planning is the process in which a manager identifies what actions need to be taken to accomplish the goals of the organization, which include identifying what the organizations objectives are and how to best meet those objectives with the most benefit to the organization. The second element is controlling. Controlling is the

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