An Introduction to Accounting and Financial Management
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages
An Introduction to Accounting and Financial Management
Discussion of topic one should be at least 300 words for a total of two pages. Be thoughtful, creative, and work to advance the Discussion. Discuss the process of capital investment and the importance of capital investment decisions for health care managers today. In your Discussion, use three key terms from Chapters 9 and 10 from Gapenski, L. C. (2012). Healthcare finance: An introduction to accounting and financial management. Chicago, Ill: . Then On two different paragraph give your personal opinion to Mercedes Whitted and Alicia Renville
Capital investment is when funds are invented into a firm or organization to gain invest and further business plan and growth (Kenton, 2011). Capital investment consists of seven steps such as: project identification, project definition, analyze the benefits (financial and non-financial), approve capital investment, implement the project, project management, and audit and report actual benefits versus assumptions (Mendrala, 2017). As a healthcare manager is it vital to review the time line to determine so the capital investment has made any improvement or decrease to business. Compounding should be done by the healthcare manager to determine the cash flow. Once the manager completes compounding it is important to perform an post-audit to see if capital investment has made any kind of improvement.
Kenton, W. (2011, July 13). Capital Investment. Retrieved January 6, 2019, from https://www.investopedia.com/terms/c/capital-investment.asp
Mendrala, J. (2017, October 16). Capital Investment Decisions – Process. Retrieved January 6, 2019, from http://magnusequipment.com/blog/2016/02/14/capital-investment-decisions-process/
I understand the process of capital investment to be investing money into your organization with the expectation of receiving a positive return of investment , which is defined in our text as the “financial attractiveness of such investments” (Gapenski, 2012, p. 312). This type of investment looks toward the financial future rather than current day-to-day profits. When making a capital investment, it could be useful to utilize a time line to see potential increase in revenue in the future.
In healthcare, capital investment decisions are well-thought out due to the fact it could end up being a very costly error. The goal of a healthcare organization is to provide high-quality care that is also cost-effective. When it comes to capital investment decision making, the healthcare manager is often part of the deciding factor. An example of a common capital investment in healthcare would be the transition into electronic health records. In this case, they have to weigh the cons and pros of this type of large financial investment. An IT investment in healthcare often strives to improve patient care by providing better care management and reducing overall cost. In most cases, these investments produce a great amount of financial return for the company. This leads us to another decision the healthcare manager may have to make; where are these funds now going to be used? They must make sure that the funds are allocated properly to ensure the best possible return. After the investment has been made, you will want to review the process and outcome to analyze if the investment was indeed a positive one. One way you can do this is by using a post-audit feedback process. This will give you the necessary information you need to see if any changes need to be made.
Gapenski, L. C. (2012). Healthcare Finance: An Introduction to Accounting and Financial Management (Vol. 5th ed). Chicago, Ill: Health Administration Press.
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. 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The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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