Primary role of finance within any organization - Answer: Plan for, acquire, and utilize resources to maximize the efficiency (and hence value) of the enterprise
Finance activities include - Answer: - Planning and budgeting
- Financial reporting
- Capital investment decisions
- Financing de...
, Healthcare Finance - Answer: The practice of finance, including both accounting and financial
management, within health services organizations
Accounting - Answer: Concerns the measurement, in financial (dollar) terms, of events that reflect the
resources, operations and financing of an organization
Financial management - Answer: provides the theory, concepts, and tools necessary to help managers
make better financial decisions
Characteristics of a business - Answer: - Obtains financing from the marketplace
- Uses the funds to assets
- Operates the assets to provide goods or services
- Sells the goods or services to create revenue
Primary role of finance within any organization - Answer: Plan for, acquire, and utilize resources to
maximize the efficiency (and hence value) of the enterprise
Finance activities include - Answer: - Planning and budgeting
- Financial reporting
- Capital investment decisions
- Financing decisions
- Working capital management
- Contract management
- Financial risk management
Finance activities can be summarized in four categories - Answer: - Cost minimization
- Cash sufficiency
- Capital access
- Control of financial resources
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