Notesale: Turn your study into money

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Selma Hasic
Professor Judd Holder
Accounting for Health Care Organizations
06 January 2015
Introduction to Health Care Accounting and Financial Management (Test your Knowledge)
Finance is the provision of analyses, concerning the acquisition of disposition of the
organization's resources (Finkler)
...
An integral part of
the financial accountant's job is to report the organization's history from time to time to interested
individuals, usually through the organization's quarterly and annual reports (Finkler)
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The role of
finance has expanded significantly from the functions of borrowing funds and investing excess
cash resources of the firm
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Accounting is the provision of financial information
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Financial management has two goals: profit-ability and viability
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It is possible to be profitable, yet fail to be
able to continue in business (Finkler)
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The relationship between financial risk and
financial return is that the greater risk we incur, the greater the anticipated profit or return on our

money we demand
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Many people do not invest all available funds into the stock market because the risks
inherent in the stock market are significantly higher than in a money market fund
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This
does not mean everyone chooses to accept the same level of risk
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This is defined as liquidity which is the measure of the amount of
resources an organization has that are cash, or are convertible to cash in the "short term
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Solvency and liquidity are both terms that refer to an enterprise's state of financial
health, but with some notable differences
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