Course provides a foundation for understanding and applying financial accounting, budgeting, and reporting concepts in health care organizations. Students will be exposed to accounting terminology and principles of electronic spreadsheets, and will learn how to prepare, analyze and interpret income statements, balance sheets, cash flow statements, and operating budgets.
Athena Title
Health Care Accounting
Equivalent Courses
Not open to students with credit in HPAM 7740E
Semester Course Offered
Offered fall
Grading System
A - F (Traditional)
Student learning Outcomes
Students will be able to apply basic accounting principles in the health care organization setting.
Students will be able to explain the components of an Income Statement, Balance Sheet, and Cash Flow Statement.
Students will be able to read, evaluate, and create financial statements for a hospital, ambulatory care clinic, and non-profit health care organization.
Students will be able to explain budget and pro forma processes and create a simple operating budget for a health care organization.
Students will be able to clearly, concisely, and professionally communicate financial information to organizational stakeholders in both written and oral form.
Topical Outline
Introduction to Health Care Accounting and Financial Management
Basics of Electronic Spreadsheets
Accounting Concepts and Key Financial Statements
Financial Statement Analysis
Asset and Liabilities Valuation
Recording Financial Information
The Role of the Auditor and Audit
Depreciation, Amortization, and Inventory Control
Ratio Analysis
Managing the Revenue Cycle
Budgeting and Pro Forma Financial Statement Preparation
