Ache board of governors - Study guides, Class notes & Summaries

ACHE FACHE Board of Governors Exam Quality and Performance Questions and Answers (2023 / 2024) (Verified Answers)

ACHE-S BOARD OF GOVERNORS EXAM QUESTIONS WITH 100- CORRECT ANSWERS LATEST VERSION 2024 VERIFIED.

For the routine service cost center, an increase in the number of patient days over the budgeted number of patient days will result in: 1. A higher average cost per patient day. 2. A lower average cost per patient day. 3. An increase in the budgeted fixed costs for the routine service cost center. 4.No change in the average cost per patient day. - ANSWER-2. Which of the following balance sheet items would differ between a for-profit and a not-for-profit healthcare organization? 1.Ret...

For the routine service cost center, an increase in the number of patient days over the budgeted number of patient days will result in: 1. A higher average cost per patient day. 2. A lower average cost per patient day. 3. An increase in the budgeted fixed costs for the routine service cost center. 4.No change in the average cost per patient day. - ANSWER-2. Which of the following balance sheet items would differ between a for-profit and a not-for-profit healthcare organization? 1.Ret...

ACHE-s Board of Governors Exam 2024 Questions and Answers 2024 / 2025 (Verified Answers by Expert)

What is the purpose of financial accounting? - provide retrospective financial statements for shareholders GAAP - generally acceptable accounting principles FASB - Financial Accounting Standards Board Assumptions and Principles - Separate Entitiy Going Concern Historical Cost Convention (Accounting costs, not mkt Val) Accrual Accounting (matching rev and exp) Balance Sheet - provides point in time picture of financial position of an organization assets in order of...

1. For the routine service cost center, an increase in the number of patient days over the budgeted number of patient days will result in: 1. A higher average cost per patient day. 2. A lower average cost per patient day. 3. An increase in the budgeted fixed costs for the routine service cost center. 4. No change in the average cost per patient day.: 2. 2. Which of the following balance sheet items would differ between a for-prof- it and a not-for-profit healthcare organization? 1. Ret...

Past Questions From ACHE's Board of Governors Exam (100% Correct Elaborations)

For the routine service cost center, an increase in the number of patient days over the budgeted number of patient days will result in: 1. A higher average cost per patient day. 2. A lower average cost per patient day. 3. An increase in the budgeted fixed costs for the routine service cost center. 4.No change in the average cost per patient day. - CORRECT ANS 2. Which of the following balance sheet items would differ between a for-profit and a not-for-profit healthcare organization? ...