• Personnel Expenses were less than budgeted and we saved $5,457. This was due to the staffing changes made in FY17; hire more federal work study employees and cut back on the employees for the evenings and Saturdays. Last year, personnel expense exceeded budget by $9,580. • General expenses are over. I am currently working to reconcile the deficit since part of the expenses are due to the University Mail being misallocated to Student Mail Services.…
Third party payees such as Medicare, Medicaid, Commercial and self-pay provide the amount of services recognized within a statistics budget (Zelman, 2014). Revenue and expenses are the accrual basis of accounting where expenses are matched with revenue and help develop the operating budget. Revenue consists of income or earnings and is utilized by every functioning business. Once revenue is earned over a period of time it will be recognized within the income statement. They will be shown as revenue accrued either by the fiscal year or monthly.…
3.1 Non-Discrimination You shall not discriminate anyone in the organization based on race, religion, color, gender, ethnicity, sexual orientation or disability. 3.2 Non-Disclosure/Confidentiality You will, at all times, observe secrecy and confidentiality in respect of any technical, trade or business data or any other information that might come to your knowledge or possession, which according to the company, are necessarily confidential and form valuable property of the company and not made available to the trade and furthermore, you will not disclose them with authority of the company to anyone other than the company`s officers authorized to receive them and even after you have ceased to be in the service of the company, you shall not disclose them to anyone.…
How to create an amazing event on a budget Keeping to a budget is important when planning any event, so it’s a good idea to record all expenses – even small ones – as these can add up. Be organised Give yourself plenty of time to arrange all the elements that make up planning an event. This will make it easier to stick to your budget and maintain a spreadsheet of expenses. If you start early enough then you will have time to shop around for suppliers, and by comparing various quotes you can choose the supplier that will give you the most for your budget.…
Canadian payroll deductions are an important aspect of your business. After all, you need to properly calculate them to avoid running into trouble with the Canada Revenue Agency (CRA) later on down the line. Figuring out deductions can be a bit of a task. There are many different factors you need to take into account. It can sometimes seem a bit too complicated!…
Choosing the appropriate EMR (electronic medical record) vendor is essential to a successful transition from paper records to electronic medical records. Many factors must be weighed in this selection process. One method to help hospitals and practices make this complex decision is to complete a cost-benefit analysis. Entire books have been written on how to conduct cost-benefit analysis and an in-depth analysis goes well beyond the scope of this paper. Instead, this discussion will focus on how cost-benefit analysis can help to determine an appropriate EMR vendor.…
Diagnostic Imaging employees can have a negative effect on the department budget by using excess amounts of supplies, such as paper, pens, film, etc., or by misusing and breaking department equipment. Another way employees can negatively affect the budget is by getting unnecessary overtime pay, or abusing call-back pay, by staying on the clock after work is complete. Managers can reduce these expenses by monitoring supplies, and by ensuring that employees are properly trained on operating and maintaining the department’s equipment. Managers can also monitor each employee’s attendance record when analyzing payroll each week.…
What is HIPAA (#1)? HIPAA stands for “Health Insurance Portability and Accountability Act”, and it was passed by congress in 1996. The act was designed to reform healthcare in such a way that would provide protection to workers who changed or lost their jobs, ensure the confidentiality of patients medical information, and increase efficiency in the healthcare system by standardizing the processes of medical data storage and transmission (Bowers, Donna Par. 1). What is the HIPAA Privacy Rule (#2)…
Greetings from Fulfillment by Amazon, Thank you for contacting us It's Personal By Jess. This is Ehm. I hope you are doing well today. We have received your reimbursement claim for your damaged FBA inventory of SKU: IM-HXMZ-GWSW.…
The documentary film of “The True Cost” by Andrew Morgan, focuses on the fast fashion world and its effects. It discusses several aspects of the garment industry from production, mainly exploring the low- life of low-wage workers in developing countries- to its after effects such as river and soil pollution, pesticide contamination which leads to diseases and deaths. Using an approach that looks at environmental, social, and psychological aspects, it also examines consumerism and mass media, ultimately linking them to global capitalism. The documentary includes a collage of several interviews with environmentalists, garment workers in developing countries like Cambodia and Bangladesh, factory owners, people organizing fair trade companies or…
It can be noted that the cost may differ directly or indirectly. The nature of expense method is more basic and easier to understand and implement, the function of expense method, however, requires a further disclosure in the notes to financial statements. If we examine the expenses according to function of expense method we get much more relevant information than the classification according to nature of expense method. But it also has to be noted that function of expense method requires greater skill and judgement when allocating the expenses. I think the company should implement the function of expense method because when we use this method we actually use both function and nature to disclose the information as we have to use nature of expense method to disclose the information in the notes to financial statements.…
What is our basic understanding of the term “Fitnessgram Test”? Description: Fitnessgram examination is an assessment of the fitness quotient of the individual students in class. This program involves an improved and comprehensive study of the children’s fitness as well as health.…
The boss is suggesting that it would be acceptable to inflate expense reports in order to be compensated for good merit. This is an unethical suggestion on the part of the boss. Pocketing the cash based on falsifying documents is not an acceptable course of action. Falsifying documents is a sure way to get fired and perhaps face criminal charges, not to mention the loss any licenses obtained. All of which will tarnish ones credibility, thereby making it difficult to find another job.…
Part A 1. What are the key data elements included in the CDM? Below are the key data elements included in the CDM: • Department number – This serves as a unique identifier that identifies the location of the services provided (i.e. department of hospital/health care facility) • Service item number – This is the number assigned to each service/supply/procedure provided to the patient. It is an internal number that will trigger a charge to the patient’s account.…
Looking at Ocado’s annual reports, it is possible to derive information on its internal finance which consists of items such as inventories, trade receivables, trade payables and other items. In order to further analyse these sources of finance, calculations have been composed. Under inventories, consumables have not been taken into account due to the fact that they are defined as being goods which must be replaced regularly, whereas, regarding trade receivables, a deduction of £1.7m has been made due to a provision for impairment which relates to an amount owed by one of Ocado’s trade receivables’ late payment. This correlates with IAS 39 which states that if there is objective evidence that an impairment loss has occurred, then this loss…