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JMESI-US025 - Financial Management One. Concepts and Regulations Questions and Answers 100% Solved
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JMESI-US025 - Financial Management One. Concepts and Regulations
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JMESI-US025 - Financial ManagementOne. Concepts and Regulations
What specific concept or mechanism focuses on the internal uses of accounting
information for decision making? - answer Managerial accounting
What is used to report revenues and expenses of the organization over a period of
time? - answer Income statement
What measure or term is used when a patient's length of stay (LOS) is either atypically
long or short? - answer Outlier
The balance sheet presents the financial position of the organization at a single point in
time. - answerFalse
What is the purpose of pricing clinical services? - answerSupport maximum revenue to
the institution and its physicians
What is the primary source of funding for healthcare organizations? - answerOperations
and maintenance (O&M)
What is the basic purpose of the Medical Expense and Performance Reporting System
(MEPRS)? - answerOperations and maintenance (O&M)
The balance sheet presents the financial position of the organization at a single point in
time. - answerTrue
Which function is primarily done to support decision making and continuous
improvement? - answerManagerial accounting
What category of workload measures is used in monitoring performance and comparing
facilities? - answerWeighted workload measures
What is the inpatient classification scheme that relates various patient characteristics to
length of stay (LOS) and amount of resources consumed? - answerDiagnostic-related
groups (DRGs)
Which of the following is a guideline for the preparation of financial reports? -
answerThe audience and the purpose should be the central focal points
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