1. In 200 words, describe how Hamlet promotes and/or subverts the power of satirical imitation to reflect and/or reform authority.
2. In 300 words, compare and contrast how three albums that we have discussed in class promote and/or subvert the power of recording artists to satirically reform both the music industry and popular culture. (The Who Sell Out by The Who, Milo Goes To College by the Descendants, The Beatles(“White Album”) by the Beatles, Little Dark Age by MGMT)
Part I: Health Care Finance
Overview
CHAPTER 2: FOUR THINGS THE HEALTH
CARE MANAGER NEEDS TO KNOW
ABOUT FINANCIAL MANAGEMENT
SYSTEMS
Four Segments that Make a Financial
Management System Work
• Original Records — Provide evidence that
some event has occurred.
• The Information System — Gathers this
evidence.
• The Accounting System — Records the
evidence.
• The Reporting System — Produces reports of
the effects.
Four Segments That Make a Financial
System Work
• The healthcare manager needs to know that
these separate elements exist and that they
work together for an end result.
Structure of the Information System
• Identify the inputs
• Identify the outputs
• Examine the Figure 2-1 diagram in the chapter
Function of Flow Sheets
• Flow sheets illustrate the flow of activities that
capture information.
Flow Sheets are Useful Because
• They picture who is responsible for what piece
of information as it enters the system
• Examine the two examples of patient
information flows in the chapter
Figure 2-2: Flowsheets
Figure 2-3: Flowsheets
The Chart of Accounts
• Outlines the elements of your company in an
organized manner.
• Maps out account titles with a method of
numeric coding.
• Is designed to compile financial data in an
uniform manner that can be decoded by the
user.
The Chart of Accounts
• Every organization has differences in its Chart
of Accounts that expresses the unique
differences in its own organizational structure.
• Examine the three examples of different Chart
of Accounts formats in Exhibits 2-1, 2-2 and 2-
3.
Exhibit 2–1 Chart of Accounts, Format I
Exhibit 2–2 Chart of Accounts, Format II
Exhibit 2–3 Chart of Accounts, Format III
Basic System Elements: Books and
Records
• Capture transactions
• Figures 2-4 and 2-5 illustrate this concept.
Books and Records: The Sequence Is…
• Initial transaction to subsidiary journal to
general ledger;
• Review, adjust, balance through the trial
balance;
• Create reports (financial statements)
The Annual Management Cycle
• Affects the type and status of information the
manager uses
The Annual Management Cycle
• The type and status of information used by the
manager includes:
• Daily and Weekly Reports — Generally contain
raw data
• Quarterly Reports and Statistics — Generally
have been verified, adjusted and balanced. Called
“interim” reports; often used as milestones by
managers.
• Annual Year End Reports — Generally.
1. In 200 words, describe how Hamlet promotes andor subverts th.docx
1. 1. In 200 words, describe how Hamlet promotes and/or subverts
the power of satirical imitation to reflect and/or reform
authority.
2. In 300 words, compare and contrast how three albums that we
have discussed in class promote and/or subvert the power of
recording artists to satirically reform both the music industry
and popular culture. (The Who Sell Out by The Who, Milo Goes
To College by the Descendants, The Beatles(“White Album”) by
the Beatles, Little Dark Age by MGMT)
Part I: Health Care Finance
Overview
CHAPTER 2: FOUR THINGS THE HEALTH
CARE MANAGER NEEDS TO KNOW
ABOUT FINANCIAL MANAGEMENT
SYSTEMS
Four Segments that Make a Financial
Management System Work
• Original Records — Provide evidence that
some event has occurred.
2. • The Information System — Gathers this
evidence.
• The Accounting System — Records the
evidence.
• The Reporting System — Produces reports of
the effects.
Four Segments That Make a Financial
System Work
• The healthcare manager needs to know that
these separate elements exist and that they
work together for an end result.
Structure of the Information System
• Identify the inputs
• Identify the outputs
• Examine the Figure 2-1 diagram in the chapter
Function of Flow Sheets
• Flow sheets illustrate the flow of activities that
capture information.
3. Flow Sheets are Useful Because
• They picture who is responsible for what piece
of information as it enters the system
• Examine the two examples of patient
information flows in the chapter
Figure 2-2: Flowsheets
Figure 2-3: Flowsheets
The Chart of Accounts
• Outlines the elements of your company in an
organized manner.
• Maps out account titles with a method of
numeric coding.
• Is designed to compile financial data in an
uniform manner that can be decoded by the
user.
The Chart of Accounts
• Every organization has differences in its Chart
4. of Accounts that expresses the unique
differences in its own organizational structure.
• Examine the three examples of different Chart
of Accounts formats in Exhibits 2-1, 2-2 and 2-
3.
Exhibit 2–1 Chart of Accounts, Format I
Exhibit 2–2 Chart of Accounts, Format II
Exhibit 2–3 Chart of Accounts, Format III
Basic System Elements: Books and
Records
• Capture transactions
• Figures 2-4 and 2-5 illustrate this concept.
Books and Records: The Sequence Is…
• Initial transaction to subsidiary journal to
general ledger;
• Review, adjust, balance through the trial
5. balance;
• Create reports (financial statements)
The Annual Management Cycle
• Affects the type and status of information the
manager uses
The Annual Management Cycle
• The type and status of information used by the
manager includes:
• Daily and Weekly Reports — Generally contain
raw data
• Quarterly Reports and Statistics — Generally
have been verified, adjusted and balanced. Called
“interim” reports; often used as milestones by
managers.
• Annual Year End Reports — Generally represents
the closing out of a specific reporting period.
Primarily intended for external (outside) use.
Communicating Financial Information
to Others
• It is important to:
6. • Create a report.
• Use accepted terminology, standard formats,
and executive summary.
• Organize in a logical flow.
• Place detail in an appendix.
Part I: Health Care Finance
Overview
CHAPTER 1: INTRODUCTION TO
HEALTH CARE FINANCE
History of Financial Management
• Codifying management thought over time
results in more organized management
technique-building.
History of Financial Management
• Historical efforts all sought to make
7. organizations work more effectively.
Concept of this Text
• A method of getting money in and out of the
business
• Revenues = Inflow
• Expenses = Outflow
Concept of the Text
• “How does this happen in business?”
• The purpose of this text is to show how the
various elements of finance fit together; in
other words, how “it happens in business.”
• The key to understanding finance is
understanding the various pieces and their
relationship to each other.
Managers’ Viewpoints
• Managers within a health care organization
will generally have one of three views:
– Financial
8. – Process
– Clinical
• The way they manage will be influenced by
which view they hold.
Managers’ Viewpoints
The Financial View
• Work with finance on a daily basis.
• Responsible for the reporting function.
• Usually also do strategic planning.
The Process View
• Work with the system of the organization.
• Responsible for data accumulation.
• Often affiliated with the information system
department.
The Clinical View
9. • Usually work with and interact directly with
patients.
• Responsible for service delivery.
• Also responsible for clinical outcomes.
Four Elements of Financial
Management
• Planning
• Controlling
• Organizing and directing
• Decision-making
Four Elements of
Financial Management
• Planning — Identify steps that must be taken to
accomplish and organization’s objectives.
• Controlling — Make sure that each area of the
organization is following the plans that have been
established.
• Organizing and Directing — Decide how to use
organizational resources to most effectively carry
out established plans.
10. • Decision-Making — Make choices among
available alternatives.
The Organization’s Structure
• Important to management because it
influences the way the managers manage.
Types of Organizations
• Profit-oriented (aka “proprietary”)
• Non-profit-oriented (aka “not-for-profit”)
Profit-Oriented Organizations
• Are responsible for paying taxes.
• May be corporations, partnerships, or
individuals.
Non-Profit Oriented Organizations
• Do not pay income taxes
• May be voluntary
• May be the government
11. The Organization’s Structure
• Voluntary organization types may be:
churches, private schools, or foundations
• Government organization types may be:
federal; state; county; city; combination of
city-county; hospital taxing district; or state
university.
Organization Charts
• Often used to illustrate the structure of an
organization.
• How the degree of decentralization within the
organization.
The Organization’s Structure
• The purpose of an organization chart is to
indicate how responsibility is assigned to
managers.
• The formal lines of communication and
reporting.
• SUMMARY: The organization’s type affects it’s
structure. It’s structure is shown in the
12. organization chart.
Two Types of Accounting
• Financial
• Managerial
Financial Accounting
• Generally for outside, or third-party, use.
• Emphasizes external reporting.
• Must be in accordance with generally
accepted accounting principles.
• Retrospective - (Usually concerned with
transactions that have already occurred.)
Managerial Accounting
• Generally for inside, or internal, use.
• Used by managers.
• Not bound by generally accepted accounting
principles.
• Prospective as well as retrospective —
13. Concerned with the future as well as with
transactions that have already occurred.