Health Care Organizations

771 WordsJul 15, 20134 Pages
Home Page » • Other Topics Reporting Practices and Ethics Paper In: Other Topics Reporting Practices and Ethics Paper Reporting Practices and Ethics Paper HCS405 Within today’s health care finance plans financial management is one of the most important aspects. There are numerous financial decisions that are handled from day to day in reference to accounting records and the business transactions that occur within the organization. The organizations fiscal objectives tackle these decisions. A concern that may arise is the integrity of the health care organization’s financial management department and the accuracy of their records. GAAP Generally accepted accounting principles or GAAP are the set of regulations…show more content…
These four elements that directs compliance are to follow all the rules and regulations essentially set by general accepted accounting principles. Similarly, the ethics is set by the organization for their personnel, including their policies on ethics and the standard course of action. Next, the two elements included are fraud and abuse which everyone should know when it comes to being honest and doing only what is ethically correct to all the parties directly involved. By using these general accepted accounting principles, the organization would be successful and surely compliant. Using these guidelines that comes from the accepted accounting principles, together with the organization's ethical policies and organizational procedures, they could prevent the fraud or abuse from happening ever within the organization. These guidelines that exists for organizations' benefit and so that they are prepared at all times whenever they are requested to show their documentation to outside vendors. References All Business. (2010). What Are Generally Accepted Accounting Principles? Retrieved July 24 2010 from website: www.allbusiness.com Corporate Governance. (2010). Corporate Ethics and Accountability. Retrieved July 24, 2010 from website: www.corpgov.net American Statistical Associations, USA. Http://www.amstat.org ( Accessed 9, December 2002) Accounting Standards Ethics Advisory. (2010). Generally Accepted Accounting Principles. Retrieved July 18,
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