Saint Joseph's University

HAD 555 Accounting for Health Care Organizations

Understand accounting techniques to optimally run your health care organization.

Format: Online
Duration: 8 weeks
Credits: 3 credits

Accounting for Health Care Organizations (HAD 555) introduces you to the basic accounting techniques used in the health care industry. Presented in a straightforward style, you’ll find the course ideal for a grounding in financial accounting as you pursue your health administration master’s.

Accounting for Health Care Organizations Coursework

The coursework of HAD 555 acquaints you with common accounting and financial reporting issues of health care organizations. It explains basic accounting concepts, development of internal financial reports, and includes information on analyzing and interpreting financial statements.

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Up for Discussion

Learn from your instructor and peers via interactive discussion forums that can include a number of intriguing and current health topics like the example below.

Describe government efforts to reduce audit failures.

What You’ll Learn in Accounting for Health Care Organizations

Throughout HAD 555 Accounting for Health Care Organizations, you’ll get an introduction to the essential knowledge needed by a health care manager to assist in maintaining the financial viability of a health care organization. You’ll explore a variety of financial statements, such as balance sheet, operating statement, statement of cash flows and a statement of changes in net assets along with the notes to the financial statements. Later in the course, you’ll take a closer look at the make-up and relationship of the data contained in the financial statements and footnotes. The goal of analysis is to gain knowledge on evaluating the strength and weakness of a health care organization under review.

As the course progresses, you’ll review the methods used to record financial transactions through entries into the various journals, ledgers, and financial statements. You’ll study double-entry bookkeeping and basic accounting equations along with tools used in the recording process to include T-accounts and the chart of accounts. A complete analysis of the various public and governmental agencies that regulate and set the rules for recording and disclosing financial information to users of financial statements will be discussed.

The role of investors and investment opportunities, their tools and techniques such as the payback method and discounted cash flow is discussed. The coursework also thoroughly explores auditors, along with methods of accounting for the wear and tear on tangible and intangible assets. Throughout the course, you’ll gain an understanding of health care accounting vocabulary to comprehend and communicate all aspects of accounting for health care organizations.

As the course concludes, you’ll return your focus to balance sheet examination of working capital management and banking relationships used by health care organizations to maximize cash management opportunities. The final exam will serve as an evaluation of your understanding of the material covered during the semester with the intention of reinforcing the basic concepts and objectives of the Accounting for Health Care Organizations lessons learned.

Course Topics

Over the eight-week duration of the course, you’ll be introduced to new topics and weekly themes. Sample weekly topics may include:

  • Introduction to Health Care Accounting and Financial Management
  • Financial Environment of Health Care Organizations
  • Accounting Concepts
  • Introduction to the Key Financial Statements
  • Valuation of Assets and Equities
  • Recording Financial Information
  • A Closer Look at Financial Statements
  • The Role of the Outside Auditor
  • Depreciation
  • Inventory Costing
  • Notes to the Financial Statements
  • Ratio Analysis: Health Care Organizations Comparison
  • Working Capital Management and Banking Relationships
  • Investment Analysis
  • Capital Structure: Long Term Debt and Equity Financing

Course Learning Objectives

All Accounting for Health Care Organization coursework provides you with an overview of common accounting and financial reporting issues as well as the ground work for Financial Management in Health Care Organizations. Upon completion of the course, you will have an increased knowledge and understanding to:

  • Speak the health care accounting vocabulary
  • Use the health care accounting tools
  • Utilize time-proven accounting techniques
  • Follow sound reporting practices
  • Comprehend proper business methods and concepts

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To learn more about the online Master of Science in Health Administration curriculum from Saint Joseph’s University, call (866) 758-7670 to speak with a program manager or request more information below.

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