Purchase Solution

Is "creative accounting" confined to for-profit hospitals?

Not what you're looking for?

Ask Custom Question

Is "creative accounting" confined to for-profit hospitals?

Purchase this Solution
Solution Summary

Your tutorial is 179 words and gives two reasons that although creative accounting exists wherever accounting exists, for profit organizations have a few more way to do it.

Solution Preview

Is "creative accounting" confined to for-profit hospitals?

Unfortunately, creative accounting isn't confined to any particular segment of the reporting world. While the incentives to exaggerate estimates or manipulate transactions (delay them, speed them up, and give incentives to cram transactions into a period) ...

Solution provided by:
Carol Sargent, PhD
Education
  • BSc, University of Virginia
  • MSc, University of Virginia
  • PhD, Georgia State University
Recent Feedback
  • "hey just wanted to know if you used 0% for the risk free rate and if you didn't if you could adjust it please and thank you "
  • "Thank, this is more clear to me now."
  • "Awesome job! "
  • "ty"
  • "Great Analysis, thank you so much"
Purchase this Solution
Free BrainMass Quizzes
Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.

Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.

View More Free Quizzes
Related BrainMass Solutions

  • Should CPA firm add services for Health Care Organizations?

    If we obtain a healthcare client, we will need to know the fundamental of healthcare accounting, including for-profit (FP), not-for-profit (NFP) and governmental accounting (GOV) and reporting requirements.

  • Legal Structures of Health Care Organizations (HCOs)

    The main difference between for-profit and private not-for-profit organizations lies in the distribution of accounting profit.

  • Financial Analysis of Alternative Health Care Firms

    Hi: This is an interesting problem. First of all you will need to select a for profit hospital in your area. Once you have done that it might be wise to make an appointment to speak with someone in accounting, if time permits.

  • for-profit vs non-for-profit

    Pricing is based on supply and demand Highly competitive Mostly self-serving as it relates to the common good. Profit is to keep the business solvent and to have a cushion for further projects, not to pay investors.

  • For-Profit vs Not-for-Profit Hospitals

    537679 For-Profit vs Not-for-Profit Hospitals Although both for-profit and not-for-profit hospitals provide a certain amount of charitable services to the public, there is debate as to which provides a higher level of charitable services to their respective

  • How do financial accounting principles affect the prepondera

    This is particularly useful to me if I am trying to secure bank loans (they want to see a high profit).

  • Product supplied by a hospital organization

    The market structure for the For Profit entity is to focus on profits at all costs. Testing, medicine and procedures is the lifeline that keeps the For Profit hospitals in the black.

  • Statement of Financial Accounting Standards 116 and 117

    SFAS 116 refers to the donors and receivers' contributions This standard covers accounting by for profit as well as nonprofit entities and for contributions made as well as received.

  • For-Profit or Not-for-Profit Hospital

    Performance Ratings In terms of performance, the evidence is unclear. As such, there is clear evidence that nonprofit hospitals or for-profit hospitals as a whole are better than the other.

View More Related Solutions