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Flashcards in NFP - HCOs Deck (9)
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1

Hospitals modify the format of the SoA to inculde _________ and non _______ sections.

Operating

2

Patient service revenues of a government hospital should be reported in the statement of revs, expenses, and changes net of bad debts, contractual adjustments, policy discounts, and _____ ______.

Charity Services

3

Patient service revenues of a government hospital should be reported in the statement of revs, expenses, and changes net of bad debts, contractual adjustments, policy discounts, and _____ ______.

False, not reported at all

4

Government hospitals do not report bad debt, charity services, or contractual adjustments. TF

True

5

HCO expenses are reported by ______.

Function

6

Government hospitals present different finacial statments than NFP hospitals. TF

True

7

Equity reporting is identical between NFPs and Government HCOs? TF

False, NFPs use the 3 catergories of net assets, Gov uses either investment in capital assets, restricted net position, or unrestricted net position

8

Unrestricted gifts and unrestricted bequests are credited to operating or non-operating revenue?

Non operating

9

Gov HCOs classify revenues into which three categories?

Patient service, premium fees, and other