HCS/380 HEALTH CARE ACCOUNTING The Latest Version A+ Study Guide
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HCS 380 Entire Course Link http://www.uopstudy.com/HCS-380 **********************************************
HCS 380 Wk 1 Individual: WileyPLUS Quiz Activity Due Sunday evening 11: 59 om AZT. Time listed above is EST. All work due 11:59 pm AZT. Complete the assigned Quiz activity in WileyPLUS. Remember that you have 3 attempts for each question to achieve the best score!
HCS 380 Wk 1 Individual: Reference Chart As head of your department, you are responsible for disseminating information to your staff. You have decided to create a chart that will identify three forms of business organizations, educate them on the key users of financial information as well as the key user's roles. You will need to do the following to complete this task.
Create a chart containing the three forms of business organizations: a proprietorship, a partnership, and a corporation.
Next, explain the details:
Include a detailed description of each form of business.
Include information on the key users of financial information for each form of business.
Briefly explain the key users' roles within the three types of business organizations.
HCS 380 Wk 2 Team Assignment: Financial Statement Components Week 2 Team Assignment - Financial Statement Components (Due Monday cannot be accepted late) NOTE: Team participation is required and needs to be timely. You must check in with your team no later than Day 1 of Week 2 and choose the required component that you will be contributing to the assignment. Part of the grade for this assignment is timely participation and submission of your work to the team area. Failure to contribute and assist in the decision making will affect your grade. DIRECTIONS: Your team has been asked by a local community college instructor to speak to a class about health care accounting. The instructor has asked you to prepare a 12 to 15 slide presentation on the topics listed below. Note: The title slide, overview slide and reference slides are not counted in the 12 to 15 slide count. Speaker notes are required for each slide of the presentation. Speaker notes are typed into the box below the slide. Speaker notes are what you would be saying to your audience. It is the detail you would be speaking about each bulleted item on the slide. Citations must be included in the speaker note section. The team presentation needs to include the following content:
Identify each Financial Statement in an Annual Report. Describe each.
Identify the supplemental components in an annual report. Describe each.
Describe the relationship between financial statements and the supplemental components in an annual report.
Explain how the accounting equation affects financial statement components.
Determine the effects of transactions on the accounting equation. Include the following in your team presentation and be sure to place each team member's name on the slide that they contributed to the Assignment.
Slide 1: Title Slide - Include the title of your presentation, each team member's name, course title, date and instructor's name.
In the speaker note section - Type a brief introduction of each team member, title/occupation and experience in accounting.
Slide 2: Overview Slide - this is a slide that contains bulleted points on what your presentation will cover. The speaker note section must be the narration stating what you would say to an audience.
Content Slides 3 and beyond: Each slide should contain bulleted points, while the speaker note section under the slide must contain the detail in paragraph format (see attachment below) .
The speaker notes are what you would be saying to the audience about each of the short bullet points on the slide.
Give specific examples where applicable.
Citations are required within the speaker notes for each reference listed on the Reference slide.
Summary Slide: This slide should contain a conclusion that sums up the entire presentation.
Last Slide: Reference slide - all sources are to be referenced in APA format. Best Practices and adding the speaker notes to your Presentation: Download the document to review.
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http://www.uopstudy.com/ HCS 380 Wk 2 Individual: WileyPLUS Quiz Activity Due Sunday evening 11: 59 om AZT. Time listed above is EST. All work due 11:59 pm AZT. Complete the assigned Quiz activity in WileyPLUS. Remember that you have 3 attempts for each question to achieve the best score! Exercise 4-6 Carla Vista Co., a ski tuning and repair shop, opened on November 1, 2016. The company carefully kept track of all its cash receipts and cash payments. The following information is available at the end of the ski season, April 30, 2017.
Issuance of common shares
Cash
Cash
Receipts
Payments
$19,900
Payment to purchase repair shop equipment
$9,100
Payments to landlord
1,225
Newspaper advertising payment
330
Utility bill payments
810
Part-time helper’s wage payments
2,700
Income tax payment Cash receipts from ski and snowboard repair services
10,300 30,700
Subtotals
50,600
24,465
Cash balance
26,135
Totals
$50,600
$50,600
Exercise 4-22
The adjusted trial balance for Ivanhoe Company is given below: IVANHOE COMPANY Trial Balance August 31, 2017
Cash
Before
After
Adjustment
Adjustment
Dr.
Dr.
Cr.
$11,070
$11,070
Accounts Receivable
8,990
9,540
Supplies
2,640
1,210
Prepaid Insurance
4,490
3,020
15,410
15,410
Equipment Accumulated Depreciation—Equipment
$3,467
$4,667
5,270
5,270
0
1,050
1,810
920
15,950
15,950
5,680
5,680
Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends
Cr.
2,920
2,920
Service Revenue
34,300
34,850
Rent Revenue
13,520
14,410
Salaries and Wages Expense
16,120
17,170
0
1,430
18,357
18,357
Insurance Expense
0
1,470
Depreciation Expense
0
1,200
Supplies Expense Rent Expense
Exercise 4-9 The ledger of Sunland Company on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared.
Debit Supplies
Credit
$3,450
Prepaid Insurance
4,140
Equipment
25,200
Accumulated Depreciation—Equipment
$7,560
Notes Payable
19,600
Unearned Rent Revenue
10,650
Rent Revenue
55,500
Interest Expense
0
Salaries and Wages Expense
14,100
An analysis of the accounts shows the following. 1.
The equipment depreciates $330 per month.
2.
Half of the unearned rent revenue was earned during the quarter.
3.
Interest of $470 is accrued on the notes payable.
4.
Supplies on hand total $800.
5.
Insurance expires at the rate of $460 per month.
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http://www.uopstudy.com/ HCS 380 Wk 3 Individual: WileyPLUS Homework Due Sunday evening 11: 59 om AZT. Time listed above is EST. All work due 11:59 pm AZT. Complete the assigned Quiz activity in WileyPLUS. Remember that you have 3 attempts for each question to achieve the best score! Problem 2-5A
The following are financial statements of Bramble Corp.. Bramble Corp. Income Statement For the Year Ended December 31, 2017 Net sales Cost of goods sold
$2,231,500 1,027,800
Selling and administrative expenses
918,600
Interest expense
90,600
Income tax expense
70,170
Net income
$ 124,330
Bramble Corp. Balance Sheet December 31, 2017 Assets Current assets Cash Debt investments
$ 73,100 85,170
Accounts receivable (net)
189,700
Inventory
164,200
Total current assets Plant assets (net) Total assets
512,170 590,700 $ 1,102,870
Liabilities and Stockholders’ Equity Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities
$ 173,000 36,670 209,670 219,900 429,570
Stockholders’ equity Common stock
365,400
Retained earnings
307,900
Total stockholders’ equity Total liabilities and stockholders’ equity
673,300 $1,102,870
Exercise 6-12 The following information is available for Pharoah Company for three recent fiscal years.
2017
2016
2015
Inventory
$552,440
$569,374
$337,484
Net sales
1,955,006
1,692,420
1,322,224
Cost of goods sold
1,532,544
1,277,699
936,594
Exercise 8-14 (Part Level Submission) Suppose the following information was taken from the 2017 financial statements of FedEx Corporation, a major global transportation/delivery company. (in millions) Accounts receivable (gross) Accounts receivable (net) Allowance for doubtful accounts Sales revenue Total current assets
2017
2016
$ 3,408
$ 4,611
3,144
4,284
264
327
32,081
35,794
6,739
6,864
Exercise 9-17 Crane Company reports the following information (in millions) during a recent year: net sales, $10,185.0; net earnings, $250.0; total assets, ending, $5,130.0; and total assets, beginning, $5,150.0.
HCS 380 Wk 3 Individual: Accounting Comparison For this Week’s assignment you will create a diagram (chart works too!) comparing accrual and cash accounting. Below you will find a couple of links to images of different diagram types for your review. These are just for reference and cannot be copied into your Word Document. You must create your own diagram of these accounting methods. Accounting Diagrams Accrual and Cash-Basis Diagrams In addition, you will need to include a 350- to 700-word summary of the differentiation and uses of the two types of accounting (accrual and cash accounting).
Source Requirement: You will need to use 2 peer-reviewed, scholarly, or similar references to support your paper. The citations and references need to be in APA format. Work must be original and follow the UOPX Academic Integrity policy. You are responsible for ensuring that APA guidelines are followed. Name the document: Make sure to name the document using the directions outlined in the Instructor Policy document. Submit your assignment by Day 6 - Sunday.
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http://www.uopstudy.com/ HCS 380 Wk 4 Team Assignment: Business Proposal Preparation Week 4 Team Assignment - Business Proposal Preparation Outline (Due Monday) NOTE: Team participation is required and needs to be timely. You must check in with your team no later than Day 1 of Week 4 and choose the required component that you will be contributing to the assignment. Part of the grade for this assignment is timely participation and submission of your work to the team area. Failure to contribute and assist in the decision making will affect your grade. Background Information: For the Week 5 Team Assignment you will be tasked with writing a business proposal. Therefore, you need to prepare by researching health care organizations. For the Week 4 Team Assignment, each team member will identify a different healthcare organization and find their most current financial statements and annual report. You will then complete the template below (download) by entering your responses in the space provided. Remember, the Business proposal is based on the Week 5 Team Assignment Business Proposal requirements. This means you will need to review the directions for the Week 5 Team Assignment. Make sure to identify your lead for Week 4 and lead for Week 5. Then include the names of the team members who will be responsible for each required element of the Final Team Assignment. See the template for specifics.
Note: Each team member must find a health care organization, their financials and/or annual report. Each team member must post to the team room the link where the financials or annual report are located. The other option is to attach them in a post to the team room. Each team member should review each of the statements and information on the health care organizations recommended, then make a decision on which organization to use for the Week 5 Business Proposal Team Assignment. No duplicates can be submitted. This means that every team member must contribute a different organization's financials. Once everyone has submitted their recommended healthcare organization's financials, the team will need to choose one organization, which you will use for the Week 5 Team Assignment. Instructions: Complete the table in the attached "Team Assignment Business Proposal Outline Template" document by entering your responses in the cells provided. The boxes will automatically expand as you type. Click below to download.
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http://www.uopstudy.com/ HCS 380 Wk 4 Individual: WileyPLUS Homework Due Sunday evening 11: 59 om AZT. Time listed above is EST. All work due 11:59 pm AZT. Complete the assigned Quiz activity in WileyPLUS. Remember that you have 3 attempts for each question to achieve the best score! Brief Exercise 7-4 Exercise 7-11 (Part Level Submission)
Larkspur, Inc.’s bank statement from Main Street Bank at August 31, 2017, gives the following information. Balance, August 1
$18,755
Bank debit memorandum:
August deposits
71,355
Safety deposit box fee
Checks cleared in August
68,598
Service charge
Bank credit memorandum: Interest earned
Balance, August 31 125
$1
1
21,4
Exercise 7-3
HCS 380 Wk 4 Individual: Signature Assignment - Financial Statement & Cash Control Background: The Chief Executive Officer (CEO) and Chief Financial Officer (CFO) of the hospital would like you to create a presentation for new employed physicians, licensed health care professionals and health care staff to educate them on financial statements, cash control and how they are applied in an organization. You will need to create a 14 – 18 slide educational presentation. NOTE: The title slide and reference slide do not count in the 14 - 18 slide count. In the presentation you will need to discuss the following and give specific examples where applicable:
Analyze the ways financial information is used in health care organizations by:
Defining a balance sheet and explaining the items that can be found on the statement.
Defining an income statement and explaining the items that can be found on the statement.
Discuss two different types of Depreciation.
What is meant by “free cash flow” according to our textbook?
Evaluate the use of the financial statement analysis as a method to address financial issues in health care.
Define Ratio Analysis – what is the purpose?
Define 2 ratios used in financial analysis.
Identify the principles of internal control.
Explain the use of cash and internal controls to prevent fraud.
Explain why corporations invest in stocks and debt securities.
Describe how debt and stock investments are reported in financial statements.
Evaluate the effects of unusual or irregular items on financial statements. Speaker notes are required for each slide of the presentation. Speaker notes are typed into the box below the slide. Speaker notes are what you would be saying to your audience. It is the detail you would be speaking about each bulleted item on the slide. Citations must be included in the speaker note section. Include the following in your presentation:
Slide 1: Title Slide -Include the title of your presentation, your name,course title, date and instructor's name.
In the speaker note section - Type a brief introduction of yourself, title/occupation and your experience in accounting.
Slide 2: Overview Slide - this is a slide that contains bulleted points on what your presentation will cover.
The speaker note section must be the narration stating what you would say to an audience.
Slides 3 and beyond: Each slide should contain bulleted points, while the speaker note section under the slide must contain the detail in paragraph format (see attachment below) .
The speaker notes are what you would be saying to the audience about each of the short bullet points on the slide.
Citations are required within the speaker notes for each reference listed on the Reference slide.
Summary Slide: This slide should contain a conclusion that sums up the entire presentation.
Last Slide: Reference slide- all sources are to be referenced in APA format.
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HCS 380 Wk 5 Team Assignment: Business Proposal NOTE: Team participation is required and needs to be timely. You must check in with your team no later than Day 1 of Week 5 and choose the required component that you will be contributing to the assignment. Part of the grade for this assignment is timely participation and submission of your work to the team area. Failure to contribute and assist in the decision making will affect your grade. Your team is tasked by the CEO of your Organization to benchmark another health care organization. The bench-marking process requires your team to research a health care organization, review their latest annual report and identify operational challenges, and opportunities, which entails providing a financial analysis of their financial statements. Your team will provide the following information on the organization as well as an analysis of the organization’s financial statements you chose in Week 4. INSTRUCTOR GUIDANCE FOR TEAM: Each Team member must complete one of the required elements listed below. In addition, each team member is responsible for defining and showing a calculation of one financial ratio listed below based on the organization's financial statements. Each team member is also required to contribute one recommendation for improvement that has not already been provided by another
team member. Each student must provide their own citations and references for their section. Each member is equally responsible to ensure their portion follows the academic integrity policy. These guidelines are to ensure everyone contributes to the entire proposal and provides original work. INFORMATION: As a team, your final paper will be an analysis of the consolidated financial statements chosen in Week 4. You will also make recommendations to leadership based on your analysis. MECHANICS: The paper must be at least 1,050 to 1,400 words, accurate spelling, follow proper writing guidelines for grammar and structure, follow APA format that includes a title page, citations and reference page. I have included an APA template for your use. Download to review.
APA Paper Template .doc
INSTRUCTOR GUIDANCE FOR TEAM LEAD: Make sure to use headings in the APA formatted paper for each section covered and include the name of the team member who wrote that particular section. For instance, below I use the heading "Financial Analysis" , then I typed student's name in parentheses. Please make sure this is done so I know who did what section in the paper. Example: Financial Analysis (Susie Sample) SOURCE REQUIREMENTS: You will need to use at least 3 peer-reviewed, scholarly, or similar references to support your paper. The citations and references need to be in APA format. I have attached an APA paper template for your review and use. Make sure to remove the explanation verbiage under the headings! CONTENT: Make sure to use the underlined headings provided below, which will help you organize your Business Proposal Analysis. You will need to provide tables, graphs and calculations as applicable to the content being covered. Review the grading rubric LINK below for specifics. INCLUDE THE FOLLOWING UNDERLINED ITEMS IN THE TEAM PAPER. You can use these headings to divide these areas among team members. Remember to include the team member's name in parentheses next to the heading. Background/History of the Organization: Include a detailed introduction of the organization the team chose in Week 4. You will need to include the organization's history, purpose and identify the service or product they offer (This information is normally found in the annual report).
Operational Structure: Identify the structure of the company (Sole-proprietorship, Corporation, Partnership, etc.). Include a definition of the type of structure and discuss their financial health. (This information is normally found on the SEC website). Financial Viability: Identify their plans for growth or plans to increase future revenue. Include any challenges they have encountered or anticipate (This information is normally found in the annual report and via the SEC website). Financial Analysis: Discuss the purpose of financial analysis and identify the steps required in performing a financial analysis. Include information about internal controls in preventing fraud. Vertical and Horizontal Analysis: Explain the application of a vertical and horizontal analysis to determine the organization’s viability. Financial Ratios : Each Team Member must calculate and define one of the ratios listed below. Define the financial ratios listed below. Then perform a calculation of that ratio using the organization’s financial statements. Make sure that each team member covers at least 1 ratio. The team only needs to discuss the ratios listed below in proportion to the number of team members. So, if you only have 4 team members, then you only need to discuss 4 of the ratios listed below and show those calculations. 1.
Current ratio
2.
Profitability ratio
3.
Liquidity ratio
4.
Solvency ratio
5.
Debt Service Coverage ratio
6.
Inventory Turnover ratio
7.
Operating Margin ratio
8.
Return on total assets ratio Recommendations for Leadership : Each team member must list one recommendation for leadership to follow to improve financial operations. The recommendations must be based on the financial analysis of the financial statements. As stated above, make sure that each team member contributes at least one recommendation and explains their rationale behind that recommendation. ACADEMIC INTEGRITY Each team member is responsible for their own work. Each student will have to provide their own APA formatted citations and references. Each student will be graded on their contributions. Work must be original and follow the UOPX Academic Integrity policy. You are responsible for ensuring that APA guidelines are followed for your written contribution. TEAM LEAD Submitting the document: Make sure to name the document using the directions outlined in the Instructor Policy document.
Submit the Team assignment by Day 7 – Monday, which is the last day of the class. No late submissions allowed