E2AF04-Capital Planning and Financing
This course provides basic information about forms of long-term debt available to hospitals and how much an organization can and should borrow. It also explains the nature of the covenants, or legal obligations, placed on the borrower of healthcare bond issues; discusses how debts were restructured in the past; and describes how to put together a financing team. The course explains the discounted cash flow method of quantifying the value of capital assets to be acquired and gives examples of how to calculate present value. Replacement cost and market comparison approaches to making capital investment decisions are also described. This course covers the two types of equity financing and lists the benefits and risks associated with joint venture business relationships. Finally, the course explains how capital and operating leases work and which criteria credit agencies use to assess an organization's creditworthiness.
A&F: Budgeting and Forecasting
This course introduces budgetary control and explains the principles of strategic planning. It also describes the components of a business plan, explains the types of control budgets, lists the types of budgeting techniques, and explains budget variables. The course describes reporting functions, including responsibility reporting and offers details about types of cost behaviors. It introduces ratio analysis and discusses the four broad categories of ratio analysis.
A&F: Financial Reporting: Revenue and Assets
This course explains the different categories of healthcare enterprises and the process to record revenues from varying sources. It discusses reporting requirements for restricted and unrestricted net assets, and explains how cash and cash equivalents are reported, including handling of agency funds and credit risks. This course describes the accounting and reporting of investments in investment securities that have readily determinable fair values and all investments in debt securities. It explains how healthcare organizations should account for and report property and equipment, supplies, and other assets.
A&F: Accounting Oversight and Internal Control
This course explains the five components of internal control, paying particular attention to the specific categories of accounting and administrative internal controls. The course summarizes each provision of the Sarbanes-Oxley Act of 2002 and explains the makeup, function, and standards of the Public Company Accounting Oversight Board. The course describes auditor responsibilities, defines key auditing terms, and explains how and why operational audits should be carried out.