Financial
Title 19 (XIX)
What is Current Ratio?
What is the Governing Board?
Firing or laying off an employee for illegal reasons in violation of existing law
What is Wrongful Termination?
Written order issued by the court require the appearance of a person in court
What is a Subpoena?
Title 18 (XVIII)
What is Medicare?
Total Revenue=Total Cost
What is Break-Even?
Ownership by one person
What is Sole Proprietorship?
Mandates Nursing homes implement corporate Compliance and ethics programs
What is Affordable Care Act of 2010?
Unlawful touching or application of force to another human being without consent
What is Battery?
Accounting generally used for outside or third party
What is Financial Accounting?
What is Weight Loss?
Pays no corporate tax with some exceptions regarding long-term capital gains. (Pays no Federal tax)(<100 Shareholders)
What is S Corporation?
Required to report to MCD&MCR facility to report financial statement to be filed at the end of each year
What is the Annual Uniform Cost Report?
Law passed down as a result of court decisions
What is Common Law?
Accounting generally used for inside, or internal use
What is Managerial Accounting?
# of errors/# of opportunities x 100
What is Limited Liability Partnership (LLC)?
2 Major Categories of Insurance
What is Bodily and Property Damage?
Conduct between private parties
What is Civil Law?
Records the entire financial position if the nursing facility at one period in time
What is Balance Sheet AKA Statement of Financial Conditions?
Operating Income/Revenue
What is Operating Margin?
=Purchase price/how much will new purchase reduce annual operating costs per year
What is Payback Period?
12 hours of inservice each year and must include dementia management and abuse prevention
What is CNA training?
What is the Duty of Care/Standard of Care?