Discuss the relationship between finance and accounting

Reference no: EM133368525

Questions:

1. Finance (financial management) vs. Accounting:

a) Discuss the relationship between "Finance" and "Accounting" (also includes Financial & Managerial Accountings), (24%)

b) Using a graphic demonstration to explain the differences between Finance & Accounting (6%)

c) Discuss and compare the elements/functions of each discipline (10%)

2. Discuss incentives and risks to (three stakeholders: providers, payers, and consumers) under each of the following reimbursement methods, if available: (Please make a table to discuss) a) Cost-based, b) Charge-based (including discounted charges), c) Per procedure d) Per diagnosis/Per case, e) Per diem f) Global pricing, g) Capitation -40% (Please separate the Per diagnose with Per case-DRG in your discussion)

3. For profit (investor-owned) vs. Non-profit (not-for-profit) ownership:

a) What are the major differences between investor-owned (three major rights from the stakeholders) and not-for-profit corporations? (10%)

b) Tax laws are important to health care finance, Please discuss those three most important tax benefits for not-for-profit corporations? (10%)

Reference no: EM133368525

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