Fache hc finance Study guides, Class notes & Summaries

FACHE HC Finance Exam Questions and Answers Latest Updated Graded A+. What 4 budgets comprise a financial budget? 1) Income & expense budget 2) Budgeted financial statements 3) Cash flow budget 4) Capital & new program budget Definition of Financial Budget Expectation of future financial performance What does Activity-Based Costing (ABC) promote? Control of services, the use of make or buy (in-source or out-source) decisions, and improvement of processes that cross several accountabili...

FACHE - HC Finance Exam With 100% Correct Answers 2023

ACHE BOG FACHE - HC Finance QUESTIONS WITH COMPLETE SOLUTIONS Definition and Rule of Inurement ANS-- Diversion of funds to persons in governance or mgt as a result of their position of trust - Directors, officers, trustees are prohibited from engaging in business that allows them to derive financial advantage from their governing board role (conflict of interest) What is a best practice (as far as how soon in days) in receiving payments from date of invoice? ANS-Less than 50 days Definit...

ACHE BOG FACHE - HC Finance QUESTIONS WITH COMPLETE SOLUTIONS Definition and Rule of Inurement ANS-- Diversion of funds to persons in governance or mgt as a result of their position of trust - Directors, officers, trustees are prohibited from engaging in business that allows them to derive financial advantage from their governing board role (conflict of interest) What is a best practice (as far as how soon in days) in receiving payments from date of invoice? ANS-Less than 50 days Definit...

FACHE Board of Governor’s Finance Exam Questions and Answers Updated Graded 100%. Definition of working capital Amount of cash required to support operations - for the period of delay in collecting revenue. 5 Financial Mgt functions that are essential for survival 1) Financial planning 2) Pricing 3) Mgt of long term capital 4) Mgt of short term assets & liabilities 5) Multiple corporate acct Relation of Finance to the Governing Board The finance system relates directly to the gov'n...

ACHE FACHE HC FINANCE 2023 – 2024 WITH COMPLETE SOLUTION

Definition and Rule of Inurement - Diversion of funds to persons in governance or mgt as a result of their position of trust - Directors, officers, trustees are prohibited from engaging in business that allows them to derive financial advantage from their governing board role (conflict of interest) What is a best practice (as far as how soon in days) in receiving payments from date of invoice? Less than 50 days Definition of working capital Amount of cash required to support op...

FACHE - HC Finance Exam with correct Answers

FACHE - HC Finance Questions And Answers

FACHE - HC Finance/ ACHE BOG Exam Questions And Answers