HESA 5350- Final Exam Guide - Comprehensive Notes for the exam ( 33 pages long!)

• School: Dalhousie University
• Department: Health Administration
• Course: HESA 5350
• Professor: Snow

Document Summary

Financial accounting follows standards and prescribed rules gaap, information and data is historical. Financial accounting prime users are boards, senior management, stakeholders, bankers, etc. Financial reports income statement, balance sheet, statement of equity. Management reporting is more flexible, and allows reports to be monitored and adjusted to meet requirements of organizations. Management reporting supports decision-making, and is more real time, prime users are managers within an organization. I(cid:374) its ideal for(cid:373), it"s readily a(cid:448)aila(cid:271)le (cid:449)he(cid:374) de(cid:272)isio(cid:374)s are (cid:271)ei(cid:374)g (cid:373)ade. E. g. at the iwk, there"s a (cid:449)orkload syste(cid:373); (cid:374)urses tra(cid:272)k ho(cid:449) (cid:373)u(cid:272)h (cid:449)ork they do/(cid:449)ith patients: gain information about patients (demand, levels, type of work rns are doing) Whe(cid:374) (cid:374)u(cid:373)(cid:271)ers are (cid:271)ei(cid:374)g thro(cid:449)(cid:374) arou(cid:374)d i(cid:374) the (cid:373)edia, there"s a grey area (so(cid:373)e right, some wrong) Managers are accountable for decision making throughout the organization (within their unit or department, in general they are responsible for following activities): planning, strategic plans, operational plans, organizing, leading, controlling.