Generally accepted accounting principles relating to health care Essay

Generally accepted accounting principles relating to health care - Essay Example The standards relating to GAAP have been recognized to be executed by different organizations while compiling their respective financial reports. In general, GAAP is a broadly used accounting procedure of reporting and recording financial information. The accounting standards that have been outlined within the GAAP are â€Å"generally accepted† by the Governmental Accounting Standards Board (GASB). The mission of GASB is to build and develop the financial reporting standards at the level of local governments and state units (Taylor, 2008). Purpose of GAAP The main purpose of GAAP is to represent the financial report that can significantly reflect the financial position of a particular organization. GAAP provides effective support to the organizations in terms of enhancing their capability within the framework of long-term financial decision making process that eventually enables the organizations to accomplish their predetermined financial objectives. Moreover, the other imper ative purpose of GAAP is to enhance the performance of the business organizations through properly maintaining their financial records (Office of Financial Management, 2012). From the perspective of healthcare industry, GAAP performs a major role through delivering transparent financial statements that encompasse all the financial activities of the healthcare organizations. An effective practice of GAAP tends to facilitate the modern healthcare firms and forecast their future financial performance. Proper implementation of GAAP in the financial reporting process can enable an organization to attain competitive position within the growing healthcare industry (Office of Financial Management, 2012). Oversight of Use of GAAP The different standards or the accounting principles belonging to GAAP can be considered as the set of guiding principles that provide effectual accounting solutions for any organization while preparing financial statements. In order to gain a superior oversight reg arding the use of GAAP, it has been identified that the accounting principles concerning GAAP tends to comply with traditional and rule-based methods in representing the financial statements of various organizations. With regard to asset valuation process, GAAP tends to follow historical cost of the assets rather than focusing on fair value of the assets that depicts fair treatment of the items in the financial statements (Rascona, 2011). Description of Each Principle and the Intention behind the Principles of GAAP GAAP mainly contains five types of principles that ensures towards establishing a well-structured financial report which determines the financial stability of a specific organization. The various principles of GAAP relating to healthcare organizations have been discussed hereunder. Going Concern Principle The principle of going concern represents the fact that the healthcare organizations will tend to operate their respective business functions in such way so that they ca n prepare a balanced and well-structured financial statement. Identifying any types of uncertainties in the business processes it has to be noted that going concern needs to be updated in financial reports through rationalizing different standards or the accounting principles belonging to GAAP (Financial Reporting Council, 2009). Matching Principle The matching principle of GAAP defines as a process of recording each item of expense in relation to revenue that must be recorded in

Battle Royal by Ralph Ellison - The Argumentative Essay

Battle Royal by Ralph Ellison - The Argumentative EssayThe Battle Royal is a thought provoking essay by Ralph Ellison. It was written during a lull in Ellison's life where he composed a collection of essays on the contemporary issues that were affecting him and those he lived with.Ellison was not the only writer that explored the relationship between rhetoric and actual experience. Horace Kallenbach, Richard Rorty, and Zora Neale Hurston have written brilliant works that touch on the study of rhetoric, the relationship between personal experience and the process of understanding others, and the value of the human mind and the meaning of art. Ellison found inspiration in these influential writers as well as artists who had developed a particular style of writing and displaying his voice.Fight Club is a film about a young man who, like Ralph Ellison, struggled with the issues that he would confront throughout his adult life. His inner conflict and soul searching are the movie's central theme.In Fight Club, the main character, Tyler Durden, is not the perfect human being. In fact, he is both completely lacking in a moral compass and completely lacking in the will to fight for what he believes in.Ralph Ellison, in his essay, asked what it is that makes a human worthy of being human? His essay explores the subject of whether an individual can be made worthy to live in the society that we are living in.A New York Times critic called Fight Club 'a strange, passionate and dangerous novel.' It is not a surprise that there are criticisms of it by those who have watched it.What can we learn from Fight Club? It is the argumentative essay that presents the problem and offers solutions to the problem.

Critically evaluate the statement that the objective of portfolio Essay - 1

Critically evaluate the statement that the objective of portfolio investment is to minimise risk with examples, and discuss the differences between systematic and unsystematic risk - Essay Example Unsystematic risk on the other hand is specific to a particular industry and can only b controlled through proper diversification or portfolio management strategy. The following pages describes the two types of risks and critically analyzes the statement that objective of portfolio diversification is to minimize risk. Systematic risks are the macro risk and affect all sectors and all industries in a market (Back, 2010). This risk cannot be minimized by an investor through portfolio diversification. From the company’s view point this risk cannot be controlled by the company. This type of risk is both unavoidable and impossible to predict (An, 2007). Such type of risk is impossible for the company to control. Another type of risk is the unsystematic risk. Systematic risks are the risks that arise due to the influence of external factors that are beyond the control of an organization (Chance and Brooks, 2015). Since these types of risks are beyond the control of an organization so these risks do not affect a particular organization but affects all types of organization that are present in the market. The organization cannot plan in advance for such type of risks. Such types of risks are macro in nature and have its impact across the market spectrum irrespective of the industry or sector types (Fouque and Langsam, 2013). The systematic risks can be of various types and can be further subdivided into Interest rate risks, Purchasing power risk and Market risk. Interest rate risk: Interest rate risk is mainly associated with debt instruments and refers to the variability of interest rates from time to time. Interest rate risks can be further subdivided into price risk and reinvestment rate risk (Gai, 2013). Price risk as the name suggests is the risk that is associated with the probable fall in the price of shares or any other commodity in the future. Reinvestment risk is the risk that is

Why Everybody Is Talking About Pharmaceutical Research Paper Topics...The Simple Truth Revealed

Why Everybody Is Talking About Pharmaceutical Research Paper Topics...The Simple Truth Revealed Research Paper isn't a task for a single day. Research Paper preparation means handling a whole lot of information. The paper layout also needs to be correct and as stated by the instruction of the tutor or professor. The papers ought to be proof read in order to make sure they are free from any mistakes. As long since it is linked to your distinct region of study, it ought to be guaranteed to be the proper topic for you. In case it exceeds, say, 3 pages, you might wish to break this up by including an extra section that covers the essential details for one or more of the aforementioned facets. For clarity, when a sizable quantity of detail must be shown, information should be shown in sub-sections according to topic. The previous tip is to adhere to the principal topic. There are no less important regions of the text. As the title of the writing implies you have to conduct the research in the certain region of knowledge. Please note that it is the most important element of the paper, in the sense that it defines the whole document. When you're writing your research paper's introduction, you ought to be building it around a particular outline that supplies a general review of the paper. In the event you're feeling badly-prepared to settle on a topic, you might also have a tough time preparing the proposal and producing a very good paper. The entire procedure of writing a research paper can take significant time as there are many elements to think about. The practice of selecting excellent research paper topics is a significant commitment. By analyzing a web-based research paper example, you can learn to draft your own topic. You might even find great examples of research paper topics to help you limit your selection. Apparently, you won't have the ability to compose a research paper if sufficient information concerning the subject isn't offered. To simplify, utilize the next diagram whenever you have to work on a research paper. Most Noticeable Pharmaceutical Research Paper Topics There are a lot of research paper samples readily available online. When you compose a research paper you build upon what you know about the topic and make a deliberate attempt to learn what experts know. The analysis is published in the on-line journal Frontiers in Psychology. Research papers are intended to evaluate and assess the comprehension of students in some specific topics. In terms of the external environment, prognosis indicates that headphones market is likely to experience a substantial growth. Many also question the potency of stem cell research and whether or not it has any potential to locate cures for diseases like cancer, AIDS or Parkinson's. Investigators believe understanding of the negative effects of the medications may decrease their use. Drug businesses hire prominent physicians to offer promotional talks for different doctors. The doctors utilize several tests to detect the issue. Topics related to health provide a great range of choice. Concerning experience, working with somebody who has worked on similar papers means they understand the requirements and rules. My paper confirms their finding employing the latest data and utilizing a different measure of pay inequality. Building a careful decision helps to ensure that the research procedure is not just informative but also rewarding. Indicate the method by which the approach fits the general research design. The degree of health among the population is a substantial factor predetermining the maturation of the whole nation. There's no rule of thumb, except that subdivisions have to be coherent and of reasonable length. The data concerning the real sales of the business is somewhat variable, but there's general agreement that it's inclined to be above $400 billion a year at the present moment. There are regulations that were put into place that govern the usage of pharmaceuticals, and protect the businesses that invest large amounts of money into the growth of new and advanced drugs.

The Benefits of Texas Application Essay Topics

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