Want this question answered?
check your answer
Not enough information. Required accounting of WHAT? To be submitted to WHOM?
In accounting the consistency concept means that when a method of accounting is adopted it must be used consistently in the future. If the policy for accounting is changed in any way the nature of the change, the effects the change has on items in the financial statement and the reason for making the change must be fully disclosed by the business. If the consistency concept is not applied then disclosure of changes are made at the discretion of the business.
In accounting the consistency concept means that when a method of accounting is adopted it must be used consistently in the future. If the policy for accounting is changed in any way the nature of the change, the effects the change has on items in the financial statement and the reason for making the change must be fully disclosed by the business. If the consistency concept is not applied then disclosure of changes are made at the discretion of the business.
A patient authorization for disclosure of PHI should include the purpose of the disclosure, what information is to be released, who is authorized to receive the information, and the expiration date of the authorization. If the PHI relates to specific sensitive information such as mental health or substance abuse treatment, additional specific language may be required to comply with regulations such as HIPAA.
all types of accounting information disclosed in financial statements are important. it is legal and mandatory in many countries . also the ISAAB board under IAs 700 the report formats dictates a lot of expressions and disclosures required .
A notice of use and disclosure is required for medical use because it helps in future as far as the records are concerned.
Non-disclosure agreements are often required of employees, especially those who do work on contract. Freelancers, for example, are privileged to inside information of their employers and could easily share information with others. A non-disclosure agreement prevents this. It is the employers right to ask for it. It is also the right of the employee to refuse to sign it and then go look for work elsewhere. In some cases,if you are exposes to priveledge information you will be required to sign one. This is very common for most managment level positions.
No Accounting standards have been developed for managerial accounting and it is so that because managerial accounting deals and use for internal purpose of management and do not concern with outside stake holders that's why it is on organizations decision that how they use managerial information. IFRS or IAS or GAAP are developed for financial accounting because financial information is required to be disclosed to general public and that's why it is for the benefit for the general user who don't know much about general working of entity so to make it helpfull these accounting standards are developed so that these general public can get information they required from financial statements of the entity easily.
How does the concept of consistency aid in the analysis of financial statements? What type of accounting disclosure is required if this concept is not applied?
A: notice of use and disclosure, which is required for every patient that a health provider treats is part of the standard procedures for new patients. Pg 3
Follow the links provided below for more information.