Question

Give answer to folloing queation

1)How is accounting related to your position as Director within a health care group practice?

2)What is the meaning of ALOE

3) Why document any changes that are made to expenses?

Answer 1

1.Healthcare sector is a very broad sector where management of financial services is equally important to the quality care delivered. This is nothing but the accounting system to handle the services .It is related to the position of Director by identifying,planning and implementing the necessary requirements.They make the final decision for any given order to approve or reject. They oversee the profit and loss of the organisation in general.

2.ALOE is referred to the following

• Assets
• Liabilities
• Owners equity

The properties owned by a owner which has no liability and forms the owners equity.

3. Documentation of any changes to the expenses is important to rule ? ur the profit and loss, fir security purposes,to avoid leagl consequences,errors in calculation.