Health care professionals who want to be successful don't turn over their accounting to a bookkeeper and forget about it. You must understand your finances and keep them in order to operate a profitable practice. Join Dr. Sarah with the Desert Medical Care Co., a fictitious firm, as she navigates the world of accounting to establish a successful practice. Enrich your professional and personal life with explorations of the following: * Generally Accepted Accounting Principles and how to abide by them; * The components of the balance sheet; * The transactions that affect the income statement; * The importance of cash flow your business; * The benefits of working with a certified public accountant; * The advantages of budgeting. Transactions become more complex and varied for Dr. Sarah as she expands her business. The foundation of it all, however, remains a basic understanding of accounting. Get the solid foundation you need and avoid the mistakes that could wreck everything you've worked so hard for in The Doctor's Guide to Owning a Financially Healthy Practice.The Statement of Cash Flows shows the flow of cash within the business awhere the cash came from and how it was spent ... This is helpful to statement users, business owners, investors, and creditors because it indicates the type of transaction that gave rise to each one of the cash flows. ... Purpose. of. the. Statement? Like the other required financial statements you have learned about a the Balanceanbsp;...
|Title||:||The Doctor's Guide to Owning a Financially Healthy Practice|
|Author||:||Wayne A. Label, Weldon E. Havins|
|Publisher||:||Trafford Publishing - 2010-07|