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How does finance and accounting determine financial viability within a health care organization?
Wiki User
∙ 10y ago
Finance and accounting determine financial viability within a health care organization because they are both linked to business finance. It relates because health care organizations need financing to help keep their doors open and the patients taken care of.
Wiki User
∙ 10y ago
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If you are about to make an on-site service call to a large financial organization is it appropriate to show up in shorts and a t-shirt?
Generally, large financial corporations are conservative institutions involved in the business of managing the assets of their clients and as such are obliged to project that image in everything that they do including their dress code. Therefore, being in business with such an institution or serving such an organization with IT support presupposes that you are part of the team trying to project an enabling environment condusive for the viability of the financial culture of the financial organization. As a result, it is reassuring if you look professional in appearance and in the competency of your tasks. S. W. Siefa
What is a viability study?
A Viability study is an in depth investigation of the profitability of the business idea to be converted into a business enterprise. A viability study may contain feasibility-, recommendation- or Evaluation report. http://en.wikipedia.org/wiki/Viability_study
What is automated financial analysis?
1. Financial Analysis refers to an assessment of the viability, stability and profitability of a business, sub-business or project.It is performed by professionals who prepare reports using ratios that make use of information taken from financial statements and other reports. These reports are usually presented to top management as one of their bases in making business decisions.2. Automation is the use of control systems such as computers to control processes, reducing the need for human intervention.SO, automated financial analysis is using computers with control systems (an expert system with rules) to analyze financial information.HOW DO YOU DO THIS? There is a program called ProfitCents that performs automated financial analysis. ProfitCents is a web-based application that allows users to input an income statement and balance sheet to generate a text write-up of the financial performance of a person, business, or non-profit organization.
What is the factor in achieving viability?
The fetus attains viability at 22 weeks, when the brain is sufficiently mature to regulate basic body functions.
Critical factor in attaining the age of viability?
Brain function
What is the most important financial metric to review to determine long-term financial viability?
Solvency ratios are the most important financial metric systems used to determine long term viability. These ratios analyze how long it will take to pay off obligations that are long term.
If you are about to make an on-site service call to a large financial organization is it appropriate to show up in shorts and a t-shirt?
Generally, large financial corporations are conservative institutions involved in the business of managing the assets of their clients and as such are obliged to project that image in everything that they do including their dress code. Therefore, being in business with such an institution or serving such an organization with IT support presupposes that you are part of the team trying to project an enabling environment condusive for the viability of the financial culture of the financial organization. As a result, it is reassuring if you look professional in appearance and in the competency of your tasks. S. W. Siefa
Differentiate between a Feasibility study and a viability study?
The difference between feasibility study and a viability study is in what they determine. Feasibility study looks at the practicability of the business while viability studies look at how well a business can stand risks and survive.
What is a good sentence for 'financial'?
One of the best ways to ensure the long-term financial viability of a company is to invest money in training and development of its employees.
What is the importance of accounting department in a company?
The accounting department plays a crucial role in a company for several reasons: 1. Financial Recording: The accounting department is responsible for accurately recording and maintaining financial transactions and records of the company. This includes tracking income, expenses, assets, liabilities, and equity. Accurate financial records are essential for making informed business decisions, meeting legal and regulatory requirements, and preparing financial statements. 2. Financial Analysis and Reporting: The accounting department analyzes financial data and prepares reports such as income statements, balance sheets, cash flow statements, and financial ratios. These reports provide insights into the financial health and performance of the company, helping management, investors, and stakeholders assess profitability, liquidity, and overall financial stability. 3. Budgeting and Financial Planning: The accounting department plays a key role in the budgeting process. They collaborate with other departments to develop financial plans, set budgetary goals, and monitor actual performance against budgeted targets. This helps in controlling costs, allocating resources effectively, and making strategic financial decisions. 4. Compliance and Regulatory Requirements: The accounting department ensures compliance with financial regulations, tax laws, and accounting standards. They prepare and file tax returns, manage payroll and employee benefits, and ensure accurate and timely financial reporting. Compliance with regulations and laws is essential to avoid legal issues, penalties, and reputational damage. 5. Decision Support: The accounting department provides financial data and analysis to support decision-making at various levels within the organization. This includes evaluating investment opportunities, assessing the financial viability of projects, analyzing cost structures, and identifying areas for cost savings and efficiency improvements. 6. Auditing and Internal Controls: The accounting department establishes and maintains internal controls to safeguard company assets, prevent fraud, and ensure the accuracy and reliability of financial information. They may also work closely with external auditors during financial audits to provide necessary documentation and explanations. Overall, the accounting department is critical for the financial management of a company, providing accurate financial information, ensuring compliance, supporting decision-making, and facilitating the overall financial health and success of the organization. By : 1solutions.biz
What are the three main decision-making types discussed in the article?
1. Investment Decision;the identification of various investment opportunity.project are selected after a critical evaluation of the viability of those project. 2. Financing decision;the financial manager are expected to identify various sources of finance and determine which source is best for the project. 3. Dividend policy decision;this is a decision to know how profit after tax is to be distributed to shareholders in such a way that the business of the organization is not interrupted and shareholders of course would not have single reason to regret their investment.
PROJECT FINANCE MODELING?
Project finance modeling is a specialized discipline within financial modeling that focuses on assessing the feasibility, risks, and financial viability of large-scale projects.
Statement of cash flows?
In financial accounting, a cash flow statement or statement of cash flows is a financial statement that shows a company's flow of cash. The money coming into the business is called cash inflow, and money going out from the business is called cash outflow. The statement shows how changes in balance sheet and income accounts affect cash and cash equivalents, and breaks the analysis down to operating, investing, and financing activities. As an analytical tool, the statement of cash flows is useful in determining the short-term viability of a company, particularly its ability to pay bills. International Accounting Standard 7 (IAS 7), is the International Accounting Standard that deals with cash flow statements. In financial accounting, a cash flow statement or statement of cash flows is a financial statement that shows a company's flow of cash. The money coming into the business is called cash inflow, and money going out from the business is called cash outflow. The statement shows how changes in balance sheet and income accounts affect cash and cash equivalents, and breaks the analysis down to operating, investing, and financing activities. As an analytical tool, the statement of cash flows is useful in determining the short-term viability of a company, particularly its ability to pay bills. International Accounting Standard 7 (IAS 7), is the International Accounting Standard that deals with cash flow statements.
What is viability?
The viability of a seed is the chance that an individual seed will germinate. Viability means its chance of success.
What is the meaning of socio-economic study in feasibility study?
The meaning of socio-economic study in feasibility study refers to the financial viability of a given business establishment.
The ability of the fetus to survive outside the uterus is called?
Viability....which is possible at 20 weeks.
How do you use viability in a sentence?
The viability of the new product was tested before we put it into general use.
