HOW CAN CORPORATION RULES, GOVERNMENT REGULATIONS, AND ACCOUNTING STANDARDS IMPACT HEALTH CARE FINANCIAL MANAGEMENT.
May 3, 2019 Off All,
How can corporation rules, government regulations, and accounting standards impact health care financial management. Provide an example. Question 2 Was Jesus’ sacrifice a capital expenditure or operating costs? Please provide definitions and support your statement with examples or citations. Information to answer Question 2 But don’t begin until you count the cost. For who would begin construction of a building without first calculating the cost to see if there is enough money to finish it? Otherwise, you might complete only the foundation before running out of money, and then everyone would laugh at you. They would say, ‘There’s the person who started that building and couldn’t afford to finish it!’ Or what king would go to war against another king without first sitting down with his counselors to discuss whether his army of 10,000 could defeat the 20,000 soldiers marching against him? And if he can’t, he will send a delegation to discuss terms of peace while the enemy is still far away (Luke 14:28-32 New Living Translation). Jesus’ was teaching about counting the cost of discipleship. The nature of a parable lets us know that this wisdom is both spiritual and earthly. Any prudent individual who enters a sizable endeavor would create a budget to see if there was enough money to complete it. In the case of building a tower, it is a capital expenditure budget. When choosing to invest resources in a battle (operational expenditures), the king considered the likelihood of winning and, possibly wondered, what that would mean for his bottom line. In other words, could he expect a return on investment (ROI), e.g., a net gain of land, riches, or other resources? When Jesus’ counted the cost of his sacrifice, He believed it was a worthwhile investment. Isaiah 53:10 states, “But it was the LORD’s good plan to crush him and cause him grief. Yet when his life is made an offering for sin, he will have many descendants. He will enjoy a long life, and the LORD’s good plan will prosper in his hands.