Here is the synopsis of our sample research paper on Happy Hospital Case Study. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 8 page paper looks at a case study supplied by the student and answers four questions regarding the accounts. The first part look at the trends seen in the payment of accounts receivable, the second part looks at the budgeting process, the third part considers the way that balance sheets and revenue statements are used. The last section considers the prevention of fraud and compliance issues. The bibliography cites 3 sources.
Page Count:
8 pages (~225 words per page)
File: TS14_TEhappyhosp.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
are coming form, the assess the source of the payments. It is stated that the hospital charged for and billed $32,378,900 that was for unmanaged care, indicating that the majority
of the fees eared are from non managed care sources. However, there is also the notation that a new managed care contract has been gained. So, it appears that there
may be some movement towards gaining more managed care contracts. If this is developing into a trend or pattern it means that the hospital will be gradually gaining more fees
before they provide care with the provision of unearned income. This may be seen as highly beneficial in terms of cash flow. However, it is not the major trend that
can be seen. When looking at payment trends we can look at the debtors ratio. This is the ratio that is used to express how many days debtors take
to pay their bills. Increase debtor days require increased working capital. This may also be used to evaluate credit control, but as with any other ratio, the underlying reason should
be evaluated when there are changes. This ratio is calculated by taking the debtors figure from balance sheet and dividing it by the sales and then multiplying it by 365.
When this is looked art for Happy Hospital there is a very clear change seen in 2008. The calculations hare shown in table 1 Table 1 Debtors days Debtors collection
period 2008 2007 2006 Debtors (a) 14,725,240 9,937,932 10,441,170 Sales (b) 53,135,700 54,109,451 51,796,152 Debtors days (a/b)x365 101.15 67.04 73.58 There was a small decrease in the number of
days that it was taking to collect payment in 2007 compared to 2006, but then there is a large jump in 2008 where there is an average collection period of
...