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Exam Content
Over the last 4 weeks, we have reviewed foundational concepts related to business operations and accounting. You have learned inventory concepts and some basic terms, such as assets, liabilities, expenses, and revenues. In addition, you have learned the regulatory agencies’ expectations on auditing and reporting, including the benefits of internal and external controls to prevent financial fraud.
Leadership’s role is to continually assess the financial stability and long-term viability of the organization using the financial ratios and horizontal and vertical analysis. Whether assessing the financial health of an organization for investment purposes or for benchmarking an organization against another, it is important to understand the course concepts to conduct a rudimentary analysis. This process will also allow you to analyze consolidated financial statements to make business decisions in health care and practice your auditing skills.
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