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Accounting Fundamentals for Health Care Management, Third Edition

Author(s): Steven A. Finkler, PhD, CPA, Professor Emeritus of Public and Health Administration, Accounting, and Financial Management, Robert F. Wagner Graduate School of Public Service, New York University, New York, New York
David M. Ward, PhD, Provost and Vice Chancellor for Academic Affairs, The University of North Carolina at Pembroke, Pembroke, North Carolina
Thad Calabrese, PhD, Associate Professor of Public and Nonprofit Financial Management, Robert F. Wagner Graduate School of Public Service, New York University, New York, New York
Details:
  • ISBN-13: 9781284124934
  • Product With Access Code    228 pages      © 2019
Price: $91.95 US List
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Each new print copy of Accounting Fundamentals for Health Care Management, Third Edition also includes access to a Navigate Companion Website that offers Excel templates that can help the student use the various tools presented in the book.

Accounting Fundamentals for Health Care Management is ideal for an introductory course in financial accounting in both undergraduate and graduate programs. With a focus on basic accounting in health care management, this essential book contains the vocabulary of and an introduction to the tools and concepts employed by finance officers. Students will learn how to assess financial information, ask the appropriate questions, and understand the jargon-laden answers.

The Third Edition reflects the changes since the enactment of health care reform. It also brings the book in compliance with recent and near-term changes to accounting standards by the Financial Accounting Standards Board including how bad debts are reported, the presentation of cash flow statements, and the presentation of net assets on the balance sheet.

All Excel tables and screenshots have been updated to more recent versions of the program to make it more accessible to readers. All the problems, solutions, and cases have been updated and are compliant with current FASB standards.

 

  • A discussion of the ACA and some of its financial considerations for health care organizations has been expanded in Chapter 3, which discusses the financial environment of health care organizations.
  • Expanded the discussion of the health insurance market reforms that came out of the ACA.
  • The Financial Accounting Standards Board significantly altered reporting for not-for-profit entities, beginning in 2018. Specifically, donor-restricted contributions and net assets are now all classified as “with donor restrictions,” rather than as “temporarily” or “permanently” restricted. Resources formerly termed “unrestricted” are now termed “without donor restrictions.” The examples throughout the text, the templates, and the problems all reflect this change in financial reporting.
  • The order of Chapters 15 and 16 are switched so that investment analysis comes before working capital management. The primary reason for this change was to use the time value of money techniques in determining the rate of return for trade credit rather than the traditional formula that ignores the time dimension. Readers will find this new approach in Chapter 16.
  • Many general updates. All examples throughout the book have been updated. Minor changes have been made throughout all chapters to improve clarity. All Excel templates have been updated.
  • Instructor ancillary materials have been updated and expanded.
Chapter  1  Introduction to Health Care Accounting and Financial Management
Chapter  2  Introduction to Electronic Spreadsheets
Chapter  3  Financial Environment of Health Care Organizations
Chapter  4  Accounting Concepts
Chapter  5  Introduction to the Key Financial Statements
Chapter  6  Valuation of Assets and Equities
Chapter  7  Recording Financial Information
Chapter  8  Reporting Financial Information—A Closer Look at the Financial Statements
Chapter  9  The Role of the Outside Auditor
Chapter  10  Depreciation—Having Your Cake and Eating It Too!
Chapter  11  Inventory Costing—The Accountant’s World of Make-Believe
Chapter  12  An Even Closer Look at Financial Statements
Chapter  13  Notes to the Financial Statements—The Inside Story
Chapter  14  Ratio Analysis—How Do We Compare to Other Health Care Organizations?
Chapter  15  Investment Analysis – What Should We Do Next?
Chapter  16  Working Capital Management and Banking Relationships
Chapter  17  Capital Structure—Long-Term Debt and Equity Financing
Chapter  18  Case Study—Happy Hospital

Steven A. Finkler, PhD, CPA-Professor Emeritus of Public and Health Administration, Accounting, and Financial Management, Robert F. Wagner Graduate School of Public Service, New York University, New York, New York

Steven A. Finkler, PhD, CPA is Professor Emeritus of Accounting and Financial Management at New York University’s Robert F. Wagner Graduate School of Public Service, where he directed the Healthcare Financial Management specialization for over twenty years. He is an award winning teacher and author.  Among his publications are eighteen books, including Accounting Fundamentals for Health Care Management (with David Ward), Budgeting Concepts for Nurse Managers, and Finance and Accounting for Nonfinancial Managers.  Dr. Finkler has published over 200 articles in Healthcare Financial Management, Health Care Management Review, Hospitals and Health Services Organizations, Health Services Research, the New England Journal of Medicine and many other health care journals.  He received a B.S. and M.S. from the Wharton School where he majored in Accounting and Finance. His Master’s degree in Economics and Ph.D. in Business Administration were awarded by Stanford University.  Dr. Finkler, who is also a CPA, worked as an auditor with Ernst and Young and was on the Wharton School faculty before joining NYU.  He served for four years as a member of a National Advisory Board at NIH.  He is a member of the Executive Board of the International Society for Research in Healthcare Financial Management, former member of the editorial board of Health Care Management Review, and is currently Treasurer and a member of the Board of Governors of Daughters of Israel Geriatric Center.

David M. Ward, PhD-Provost and Vice Chancellor for Academic Affairs, The University of North Carolina at Pembroke, Pembroke, North Carolina

David Ward, Ph.D., is Associate Dean for Academic and Student Affairs in the College of Health Professions at the Medical University of South Carolina. Prior to becoming Associate Dean, Dr. Ward served as Chairman of the Department of Health Administration and Policy at the Medical University of South Carolina. Dr. Ward’s teaching activities at the Medical University include Financial Management, Healthcare Accounting, and Applied Research Methods. Dr. Ward has numerous peer-reviewed publications in journals such as Health Care Financing Review, Public Budgeting and Financial Management, and the American Journal of Public Health. In addition, Dr. Ward is the co-author of two health care accounting text books. Dr. Ward received his B.A. from Colgate University and an M.P.A. and Ph.D. from the Robert F. Wagner Graduate School of Public Service at New York University. 

Thad Calabrese, PhD-Associate Professor of Public and Nonprofit Financial Management, Robert F. Wagner Graduate School of Public Service, New York University, New York, New York

The following instructor resources are available to qualified instructors for download

ISBN-13: 9781284124934

Additional Resources for Instructors
Slides in PowerPoint Format
Solutions Manual
Test Bank