Complete all of the activities in template, (attached )
Part II:
Preparing a Bank Deposit, Activity 2
Part III:
Managing the Healthcare Facility Business Bank Account
Part IV:
Reconciling a Bank Statement Also, utilizing the Statement of Financial Position on page 196 of the Accounting Fundamentals for Health Care Management text book (attached), compare the figures for 2013 and 2012. Compose a narrative of possible explanations for the documented charges in the year-end figures for the organization. Your response should be 150-200 words in length and submitted in a Word document.
Table 18-1 Happy Hospital Statement of Financial Position As of December 31, 2013 and December 31, 2012
December 31
2013
2012
Assets
Current Assets
Cash and Cash Equivalents
$ 804,331
$ 105,331
Accounts Receivable
Patients, Less Allowances for Uncollectible Accounts
$ 8,957,621
$ 9,608,145
Other
980,311
803,025
Total Accounts Receivable
9,937,932
10,411,170
Inventory
1,234,344
498,100
Prepaid Expenses and Other Assets
504,329
971,917
Total Current Assets
12,480,936
11,986,518
Assets Limited as to Use
55,732,204
52,233,340
Investments
1,639,529
1,464,780
Property and Equipment, Net
16,347,859
16,886,005
Prepaid Pension Asset
296,797
1,298,170
Total Assets
$ 86,497,325
$ 83,868,813
Liabilities and Net Assets
Current Liabilities
Accounts Payable and Accrued Expenses
$ 1,601,308
$ 1,586,144
Accrued Compensation and Amounts Withheld
2,399,365
2,491,736
Current Portion of Estimated Third-Party Payer Settlements
322,161
1,400,000
Total Current Liabilities
4,322,834
5,477,880
Estimated Third-Party Payer Settlements, Less Current Portion
3,697,939
3,530,000
Total Liabilities
8,020,773
9,007,880
Net Assets
Unrestricted
77,478,008
73,967,293
Temporarily Restricted
798,544
693,640
Permanently Restricted
200,000
200,000
Total Net Assets
78,476,552
74,860,933
Total Liabilities and Net Assets
$ 86,497,325
$ 83,868,813
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