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Essay / Research Paper Abstract
This 3 page paper is based on a case study supplied by the student, looking at the different categories of revenues and costs in a set of accounts provided looking at what they are and what they represent. The bibliography cites 2 sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TEpatfulrev.rtf
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Unformatted sample text from the term paper:
arise. In order to do this is a meaningful manner it is essential that the different types of costs and revenues are grouped together; correlating the costs makes them easier
to examine and may allow for examination to raise concerns and to undertake planning, as well as for benchmarking against other firms in the same industry to assess performance levels.
The revenues are grouped into three categories; these are the net patient revenues generated, which may be seen as the revenue that is earned from patients, shown as a
net figure, so taxes etc are not included. This is normal operating revenue. The second type of revenue is also an operating revenue, but this is from other sources,. Not
direct from patients. With other details of the hospital we may speculate, this may include work undertake on a subcontract basis for other hospitals or medical centres, money that the
hospital may receive for selling advertising space in walls, and any other normal operating income that does not originate directly from patients. The patterns and levels of these may be
assessed against previously set targets to determine the movement and achievement of revenue goals and also to help with forward planning, along with data from other sources, such as market
data. Further down the balance sheet there is a space for investment income, this is positive in 2008 but negative in 2009. This needs to be shown as it
is a revenue source, but it is shown further down the page, after the operating revenues and expenses to separate it from these activities as it is not an operating
revenue (Watts, 2006). Expenses are divided into different categories divided by the nature of the cost, salaries and benefits include not only the wages paid to staff, but associated
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