Health Care Reporting Practices And Ethics Paper Hcs 405

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Reporting Practices and Ethics Paper HCS 405 Financial management is an important part of today’s health care plans. Several decisions in the financial department are done on a daily basis so that all the accounting records and the business transaction are made according to the organization fiscal objectives even if they are done like the accounting principles. Generally accepted accounting principles (GAAP) are regarded as the set of guidelines for accounting purposes in the general field of accounting standards. Following these accounting guidelines the GAAP includes several things like conventions, standards and the rules that are different in the organizations that the accountant must follow. A copy summarization of all the…show more content…
There would always be differences among corporations so normally a corporate behavior would be based on the ethics put in place by the organization or corporation. Most corporations’ focuses on the surroundings, human and social rights, and direct responsibilities put in place when trying to study all the emotions that the ethics causes within the corporation. All GAAP standards are included into al corporations’ handbook on ethics and are referenced to the way that they handle all of their financial guidelines that are cut throughout the corporation’s financial accounts. With some current health care organizations that operate differently and with several principles and different protocols, they all need to look at the certain code of ethics they will follow. This is done when they are able to grasp the business affairs that the corporation deals with. Each organization must exercise their power of sight in ethics in many different ways. An organization may not be able to notice that by making some offerings of a few dollars in purchasing new health care equipment and a special supply of medicine that a patient needs is worth sacrificing the ethics and cuts the patient process. There are also some organizations that may find ways not to buy the equipment and supply…show more content…
They deal with some duties and the measurements that they must meet. Our health care field currently has risk loads, and these risks vary starting with patients up to the different financial risks or consequences. All health care fields both have state and federal guidelines that they must follow all the time. Some of these guidelines have reference in the business such as the operating standards, or the working professional staff that should be licensed and most especially, the health standards. They must also meet all the standards to comply with the federal, state and the organizations general standards and responsibilities as

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