Reporting Practices and Ethics

The goal of health business is to prevent or postulate harm, not to inflict harm, or to do good in matters related to the health and well-being of patients and clients (Silva, 1998). As clear as this directive seems, health care personnel are progressively challenged to act ethically as health care systems arrest more and more profit-minded. While many think of the nurses and doctors providing care, slightly of those most challenged by ethics in health care are financial executives. Financial executives are deputeed with four recognize elements of financial management: (1) planning, (2) controlling, (3) organizing and directing, and (4) purpose making (Baker & Baker, 2011). Planning links organizational goals to actions required to execute said goals. Controlling is the brushup to planning, where financial managers confirm that parts of the business are future(a) the goals established during the planning phase. While the financial managers do not own the actions, they are in a position to assure execution from a financial perspective. The third element is organizing and directing, which entails boilers suit supervision of the financial function. The financial manager deploys resources for tasks and ensures that all is path as effectively and efficiently as possible.

The last phase, ratiocination making, is not really a separate element; instead, it runs simultaneously with planning, controlling, and organizing and directing. Organizations are always faced with financial choices. A light upon part of financial management is ensuring that the organization leads the best decision given the information on-hand and the organizations intended goals (Baker & Baker, 2011). As described above, financial management is not a task for the weak of heart. Each day is full of alternatives and decisions that either make the organizations financial statements look better or worse. In order to establish a consistency in reporting and financial decision-making, generally accepted... If you want to get a full essay, order it on our website: Orderessay

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