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Accounting Fundamentals for Health Care Management, Second Edition

Overview

Instructor Resources: Instructor's Manual, Homework Solutions, PowerPoints, TestBank, Transition Guide

Accounting Fundamentals for Health Care Management is ideal for an introductory course in financial accounting in both undergraduate and graduate programs. This is the first book that focuses 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. It will help anyone assess financial information, ask the appropriate questions, and understand the jargon-laden answers. This book is indispensable for anyone who manages a department and a budget.

Key Features:

  • Includes web-based end-of-chapter questions and problems as well as a number of Excel templates that can help the reader use the various tools presented in the book.
  • Each chapter includes "Key Concepts" and "Test Your Knowledge" sections.
  • Includes information on the valuation of assets and equities, recording and reporting financial information, depreciation, time value of money, inventory costing, working captial management, financial statement analysis, and more, all applied to health care organizations.

The Second Edition offers:

  • Expanded questions for discussion and homework problems.
  • Updated and expanded test bank.
  • New charts, graphs, tables, and excel screen captures to make the material easier for students to comprehend.
  • Updated excel templates
  • Expanded discussion of using time value of money for investments
  • An excel tutorial
  • A discussion of IFRS (International Financial Reporting Standards) which are expected to dramatically change the generally accepted accounting principles that are used in the United States
  • A discussion of mark to market accounting, and its role in the subprime economic crisis
  • A new chapter on ethics and fraud.

ShowTable of Contents

Acknowledgements  
Preface  
  Chapter  1  Introduction to Health Care Accounting and Financial Management
  Chapter  2  Introduction to Electronic Spreadsheets
  Chapter  3  The 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  Working Capital Management and Banking Relationships
  Chapter  16  Investment Analysis: What Should We Do Next?
  Chapter  17  Capital Structure: Long-Term Debt and Equity Financing
  Chapter  18  Case Study: Happy Hospital
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ShowAbout the Author(s)

Steven A. Finkler, PhD, CPA

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.

Additional Titles by this Author

David M. Ward, PhD

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

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