Accounting/Finance Review Flashcards
What log are employers to record all needlestick and sharps, meeting annually with non-managerial staff involvement to address work practice controls?
Sharps Injury Log
Net income divided by revenue is:
Net Profit Margin
Consistent standards of accounting that allow the financial records to be understood by various parties are knowns as:
GAAP (Generally Accepted Accounting Principles)
Expenses are recorded when the cash is actually disbursed and revenues are recorded when the money is received is:
Cash
Personal Protective Equipment (gloves, gowns, goggles, etc) is known as:
PPE
A report summarizing a firm’s assets, liabilities, and owners’ equity at a specific date/point in time and is a financial snapshot of an organization at a point in time is called.:
Balance Sheet
Hepatitis B vaccinations are to be offered within ___________ if within the category of employees within potential occupational exposure to blood or other potentially infectious materials; if not accepted, declination must be documented.
10 Days of Initial Assignment
The point at which total revenues for a firm or a program are EQUAL to the total EXPENSES incurred is called:
break-even point
Confidential record of incidents are .kept for at least the duration of employment PLUS _________.
30 years
Those DIRECTLY ATTRIBUTABLE to a revenue center or directly PROVIDING RESIDENT CARE (direct costs would include nursing salaries, payroll taxes, benefits, medical supplies, etc.) are:
Direct Costs
A summary of all debits and credits contained in the journals for the time period. It ususally has a page for each account in the Chart of Accounts:
General Ledger
MSDS (SOS) Material Safety Data Sheets accessible to employees is known as:
Hazard Communication Standard
Current assets DIVIDED by current liabilities is:
Current Ration
Last in, first out - inventory ADDED LAST to storeroom is USED FIRST is:
LIFO
