Running head: REPORTING PRACTICES AND ETHICS PAPER 1
Reporting Practices and Ethics Paper
Evanie Williams
HCS/405
August 18, 2014
Regina Robinson
REPORTING PRACTICES AND ETHICS
PAPER
2
Reporting Practices and Ethics Paper
When it comes to financial management in healthcare it can be exceptionally challenging
for all health care managers because of the four basic financial management elements and
because they must always make certain they are complying with ethical and general standards.
The contents of this paper will talk about the financial reporting practices in healthcare along
with the ethical standards and give summaries of generally accepted accounting principles and
general financial ethical standards.
Financial Management
Financial management consists of four key elements. The four elements of financial
management are planning, controlling, organizing and directing, and decision making. In
