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The purpose of cost accounting is to A. provide management with cost information B. keep costs for services reasonable C. separate costs from charges D. track specific costs in a healthcare organization
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Study with Quizlet and memorize flashcards containing terms like Cost Accounting, Financial Accounting, Balance Sheet and more.
Study with Quizlet and memorize flashcards containing terms like intangible assets, fund accounting, tangible assets and more.
This article begins by offering an overview of several cost accounting systems currently in use, and identifying strengths and weaknesses of each. Next, we describe the little that is known about the cost accounting capabilities of U.S. hospitals.
26 gru 2018 · Patient-level costing is event-driven, rather than focused on a fixed time period as with period-based cost systems (e.g., by month). As costs occur, the data are accumulated in real time.
Cost Accounting—What Is It and Why Is It Important. A cost accounting system is a framework that hospitals can use to ascertain actual costs of services provided within the organization, including labor and supplies, the two largest expense categories within a hospital.
