Ch17-Acct for Gov and NonProfit Ent 15e

Ch17-Acct for Gov and NonProfit Ent 15e - COURSES >...

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Add, modify, and remove questions. Select a question type from the Add Question drop-down list and click Go to add questions. Use Creation Settings to establish which default options, such as feedback and images, are available for question creation. COURSES > ACCOUNTING FOR GOVERNMENTAL AND NONPROFIT ENTITIES:, 15/E - WILSON > CONTROL PANEL > POOL MANAGER > POOL CANVAS Pool Canvas Add Multiple Choice Creation Settings Name Chapter 17 Accounting for Health Care Organizations Description Questions which Blackboard's assessment component is incapable of supporting are not included in the export. Instructions Add Question Here Question 1 True/False Question Financial reporting standards for all government owned and operated hospitals are established by the GASB. Answer True False Correct Feedback Public hospitals owned and operated by governments follow GASB standards as well as the AICPA Audit and Accounting Guide Health Care Organizations . Public hospitals are usually considered legally separate special purpose governments engaged in business-type activities, although some may be accounted for as enterprise funds of a primary government. Some others may be accounted for as a part of a health service function in governmental funds and governmental activities at the government-wide level. Incorrect Feedback Public hospitals owned and operated by governments follow GASB standards as well as the AICPA Audit and Accounting Guide Health Care Organizations . Public hospitals are usually considered legally separate special purpose governments engaged in business-type activities, although some may be accounted for as enterprise funds of a primary government. Some others may be accounted for as a part of a health service function in governmental funds and governmental activities at the government-wide level. Add Question Here Question 2 True/False Question Patient service revenues and related receivables include charges for charity care services. Answer True False Correct Feedback The AICPA Audit and Accounting Guide Health Care Organizations specifically requires that charity care services not be included in patient service revenues and related receivables because there is no intention to collect. Incorrect Feedback The AICPA Audit and Accounting Guide Health Care Organizations specifically requires that charity care services not be included in patient service revenues and related receivables because there is no intention to collect. Add Question Here Question 3 True/False Question In accounting for health care entities, the provision for bad debt should always be recorded as a revenue deduction, rather than as an expense. Answer True False Correct Feedback The AICPA Audit and Accounting Guide Health Care Organizations makes clear that the provision for bad debts or bad debt expense be reported as an expense and not as a deduction from gross revenue in arriving at net patient revenue; however, public health care entities that follow business-type accounting practices follow GASB
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Ch17-Acct for Gov and NonProfit Ent 15e - COURSES >...

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