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Foundations of Financial Accounting

Within your own practice or in a health care organization, it's essential to develop an understanding of the concepts and language of accounting. Here, you will grasp how to record business activities and be able to interpret financial statements. You'll also gain appreciation of the judgments and estimates that must be used in the financial accounting process, and you'll understand why financial accounting is often political and controversial.

5.0 Total CME

5.0 Elective Credits - CPE

5.0 Core Credits - Masters

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Course Objectives

  • Review the structure of the four major financial statements and their importance.
  • Prepare simple financial statements using accounting equation format.
  • Explain the accrual accounting framework.
  • Apply transactions and adjustments via the accounting process.
  • Describe the debit/credit format and the need for closing entries.
  • Identify financial statements in 10-K reports and their applicable metrics.
  • Examine the ongoing accounting challenges and options faced by organizations.

Method of Participation

To complete this program successfully and claim credit, participants must follow these steps:

  • Read the educational objectives provided on the course summary page.
  • Attend the sessions or watch all the video lectures for this course (if applicable).
  • Read any course materials and complete any required activities.
  • Complete the course evaluation and post-test via your dashboard on the Association website. Successful completion of a given activity's post-test requires a minimum 75% passing score prior to claiming CME credit, with three attempts allowed.
  • CME certificates will be available for printing after claiming CME credit.
  • Estimated time for course completion is equivalent to the CME credit hours.

Key Dates

Original Course Release Date: December 2016

Course Expiration Date: December 2019

Access to Course Expires: 365 days from purchase date of course

 

Accreditation

The American Association for Physician Leadership® is accredited by the Accreditation Council for Continuing Medical Education (ACCME) to provide continuing education for physicians.

Designation
The American Association for Physician Leadership® designates this enduring material for a maximum of 2.5 AMA PRA Category 1 Credit(s) ™. Physicians should claim only credit commensurate with the extent of their participation in the activity.

 

Cancellation Policy

Registrations are eligible for full refund or transfer to another course (that occurs within 12 months) for up to 72 hours after purchase. A $100 processing fee applies to cancellations or transfers after 72 hours but before 30 days have elapsed. Cancellations after 30 days from purchase date are not eligible for refund or transfer.

Registrations may not be transferred to another person at any time. All refunds will be issued to the original form of payment. Refunds or transfers are not available if testing has occurred or CME is claimed.

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