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Healthcare finance

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Part A: Answer each of the following questions in one or two paragraphs. Each answer is 20 worth 20 points.


  1. Explain what a balance sheet is, and how it’s different from the income statement, the statement of the changes I owner’s equity, and the statement of cash flows.
  2. What is a return on equity? How is it calculated? And why is it significant?
  3. List four examples of timing differences, and explain why they’re significant.


Part: B Answer each of the following questions in one to four sentences. Each answer is worth 4 points.


  1. Determine which classification of accounting is most concerned with the use of economic and financial information to plan and control many of the activities of the entity.
  2. How the return on investment measure of performance calculated?
  3. Is financial accounting historical scorekeeping or is it future oriented?
  4. What does the bookkeeping/accounting process begin with?
  5. Explain the significance of the allowance for Bad debts account.
  6. In Financial accounting, what is one application of the matching concept?
  7. Explain what a callable bond is?
  8. What is the slate voting?
  9. Who are the ultimate owners of a corporation?
  10. What is the term used to describe the revenues of the firms that sell purchased or manufactured products?



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