Effective

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Date Submitted: 01/26/2015 10:17 PM

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The Patton- Fuller Community Hospital is full service, and a profit hospital. This hospital has really worked hard to provide advanced care, for both outpatient and inpatient treatments. This hospital is owned by a board of about 14 members, and 12 of those are doctors. The board works on their budgets for the hospital, the main goal is to make a profit and provide patients with the best care posssible. The effect of revenue sources varies when it comes to financial reporting within the hospital. Depending on the amount of revenue that is being generated at the source and time of revenue. They have to keep notes on all financial and revenue to put in the records for the hospital. While looking at all the documents that was provided, the numbers were over estimated. They had a lot more than they lead on. When all the figures they provided the accounts in 2009. The financial officer thought the amount was about $59,787 this was the net allowance which was poor debt. At that same time $10,757 which was the audited account is obviously showing a completely different thing. The actual accounts receivable showed in 2009 a total of $58,787 and this was a million dollar difference. The net for poor debt is $11,757 this is a million dollar difference (increase). The audited amount appears to really show a huge difference and also a two million dollar deflict. This is shown in the unaudited section, if you are receiving this type of difference it will begin to fail.