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Test

Accounting for Health Care Organizations

turquoise_cat 10 preguntas

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Preguntas del test (10)

  1. 1Which of the following kinds of volunteer service is most likely to be reported by a private hospital as contribution revenue and an expense?
    1. ACommunity members who plant flowers on the grounds once a year in the spring.
    2. BVolunteers in the gift shop who work a few hours a day serving customers.
    3. CNurses from a religious organization who volunteer to assist in the care of critically ill children.
    4. DAn accountant who is a member of the board of directors.
  2. 2A contribution that is restricted by the donor to be held in perpetuity and for which the investment income can be spent at the discretion of a nongovernmental, not-for-profit hospital's governing board, will be reported as an increase to
    1. APermanent funds.
    2. BCurrent restricted funds.
    3. CPermanently restricted net assets.
    4. DSpecific purpose assets.
  3. 3Which of the following statements is true about diagnosis-related groups (DRGs)?
    1. ADRGs are the basis for a cost accounting method that groups costs together by departments performing the services.
    2. BA DRG is a case-mix classification scheme that is used to determine the payment provided to the hospital for inpatient services, regardless of how much the hospital spends to treat a patient.
    3. CThe federal Medicare system of retroactive payment for services depends on DRGs.
    4. DThe diagnostic-related groups method is the prevailing practice of billing third-party payors for a health care organization's average cost for providing care for locally defined similar medical conditions.
  4. 4Assets whose use is limited by contracts or agreements with outside parties other than donors or grantors are labeled
    1. ATemporarily restricted net assets.
    2. BDesignated net assets.
    3. CAssets limited as to use.
    4. DRestricted assets.
  5. 5Contractual adjustments that arise from differences between the gross charge for patient services and the amount paid by a third party payor are reported as
    1. ADeductions from gross patient revenue in arriving at net patient revenue.
    2. BDisclosures in the notes to the financial statements.
    3. CEither deductions from gross patient revenue or disclosure in the notes, depending on the dollar amount of the adjustments relative to billings.
    4. DBad debt expense.
  6. 6If the equity/net assets section of the balance sheet (or statement of net assets) is comprised of unrestricted net assets, temporarily restricted net assets, and permanently restricted net assets, then the health care organization is
    1. APublic, governmental.
    2. BPrivate, nongovernmental.
    3. CCommercial or proprietary.
    4. DCannot be determined.
  7. 7Which of the following statements is not true regarding generally accepted accounting principles (GAAP) applicable to health care organizations?
    1. APrivate hospitals follow guidance from the GASB.
    2. BPublic health care organizations follow guidance from the GASB.
    3. CThe AICPA Audit and Accounting Guide Health Care Organizations provides guidance for public, private, and for-profit health care entities.
    4. DBoth for-profit and not-for-profit health care organizations follow guidance from the FASB.
  8. 8Which of the following would be an appropriate performance indicator for a not-for-profit health care organization?
    1. ARevenues.
    2. BExcess of revenues and gains over expenses and losses.
    3. CExpenses and losses.
    4. DContributions to long-lived assets.
  9. 9The statement of activities required by SFAS No. 117 for not-for-profit health care entities must display changes for the period in which of the following categories of net assets?
    1. AUnrestricted, temporarily restricted, and invested in capital assets.
    2. BUnrestricted, temporarily restricted, and permanently restricted.
    3. CUnrestricted, restricted, and invested in capital assets.
    4. DUnreserved fund balance and reserved fund balance.
  10. 10SFAS No. 117 requires that interest received on endowment funds be reported in the statement of cash flows as a(n)
    1. AReconciliation of change in net assets to cash.
    2. BOperating activity.
    3. CInvesting activity.
    4. DFinancing activity.

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Chapter 16
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