Mondays Test Chps 14,16 17

Question 0

If a treatment plan is not followed

Answer 0

It is the administrative dental assistant who initiates collection procedures

Question 1

After a treatment plan has been drawn up the administrative dental assistant will

Answer 1

Write the financial plan,present the plan to the patient, and then monitor compliance with the plan.

Question 2

Elements of a financial policy

Answer 2

Community standards
Practice philosophy
Business principles

Question 3

The philosophy of a practice is decried in its…

Answer 3

Mission statement

Question 4

Credit card payments

Answer 4

Are considered cash payments

Question 5

When a treatment plan is completed it is the responsibility of the

Answer 5

Administrative dental assistant to complete a financial plan

Question 6

Monitor the accounts receivable report:

Answer 6

Periods of 30,60,and 90 days are used to indicate the length of time that money has been owed

Question 7

Level one of the collection process:friendly reminders

Answer 7

The first level of the collection process is the friendly reminders

Question 8

Level two of the collection process: telephone reminders

Answer 8

It has been proven that telephone reminders are more effective than letters or repeated bills

Question 9

Level three of the collection process: the collection letter

Answer 9

Collection letters care another method of reminding patients that their accounts are past due

Question 10

Level four of the collection process: the ultimatum

Answer 10

The letter should clearly state what will happen if the account is not payed in 10 days. The letter should be sent registered mail with a return receipt

Question 11

Level five of the collection process:

Answer 11

Turning the account over to collection

Question 12

What type of debt collection practice is prohibited

Answer 12

Unfair practices such as contacting the debtor by post card

Question 13

Time table for collection levels

Answer 13

90 to 100 days is level three: send a collection letter and follow with a telephone call

Question 14

An excuse that should not be excepted is

Answer 14

Let me talk to the dentist he is an old friend. Explain that the dentist has given you the responsibility of making the financial arrangements

Question 15

Invoice

Answer 15

A list of purchased items and there charges

Question 16

Statement

Answer 16

Is a list of the totals of all invoices

Question 17

Double custody

Answer 17

Signature of two people

Question 18

Steps in reconciling the account

Answer 18

Verify debits *compare each debit document from the bank with the corresponding entry on the check register

Question 19

Creating and maintaining payroll records, calculating payroll, producing payroll reports, and depositing payroll taxes

Answer 19

May be duties assigned to the administrative assistant. The IRS publication 15 circular E,employers tax guide, out lines important info on this topic

Question 20

Contracting employees

Answer 20

May be payed according to the amount of work they produce, the money they collect, or by a daily rate

Question 21

With holding tax is determined by

Answer 21

A filing status married or single. And the number of deductions stated on the employees w2 forms.

Question 22

With holding tax can be calculated two ways

Answer 22

The first is with the use of a tax table.these tables are provided in IRS publication 15

Question 23

Federal income, social security, and Medicare taxes are reported on form

Answer 23

941

Question 24

Each payday

Answer 24

Deposited withheld and employers social security taxes

Withheld employers Medicare taxes

Question 25

Annually by January 31

Answer 25

File form 944

Question 26

A record of all employment taxes must be kept for

Answer 26

At least four years

Question 27

Accounts receivable

Answer 27

A system that records all financial transactions between a patient and a dental practice

Question 28

Patient information

Answer 28

Identifies person responsible for payment of the account

Identifies insurance coverage

Question 29

Manual bookkeeping systems

Answer 29

The most common is the peg board system

Question 30

The use of a peg board requires that the administrative dental assistant be familiar with each step and learn how to properly make entries

Answer 30

Use receipts and Superbill, produce monthly statements, and use 10 key adding machine or calculator preferably with a tap for verification of entries

Question 31

Components of the peg board include NCR

Answer 31

None carbon required

Question 32

Steps in managing patient transactions

Answer 32

Complete end of day procedures

Question 33

Produce routing slips( routing slips )

Answer 33

Are used to communicate treatment information between the treatment area and the beignets office and establish a check and balance system Tito insure that all transactions are posted.

Question 34

Post transactions

Answer 34

Balance the days beet at the end of the day to insure accounting accuracy, and complete an audit report to insure that all transactions have been posted.

Question 35

Adjustments

: one that raises a patients balance is

Answer 35

Returned checks (NSF)

Question 36

Production reports

Answer 36

Identify what type of procedures have been performed and by whom