This course offers insights on how to record business activities and interpret financial statements. Physician leaders who enroll can gain an understanding as to why financial accounting is so often political and controversial.
Topics include:
The structure and importance of the four major financial statements
The accrual accounting framework
Transactions and adjustments via the accounting process
Ongoing accounting challenges and options faced by organizations
Course Objectives After completing this course, you will be able to:
- 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.
- Explore the debit/credit format and the need for closing entries.
- Identify financial statements in 10-K reports and their applicable metrics.
- Appreciate the ongoing accounting challenges and options faced by organizations.
Disclaimer The American Association for Physician Leadership® is accredited by the Accreditation Council for Continuing Medical Education (ACCME) to provide continuing medical education for physicians. The American Association for Physician Leadership® staff and the faculty presented for this activity have no relevant financial relationships with commercial interests to disclose. The American Association for Physician Leadership® designates this enduring material for a maximum of 5 AMA PRA Category 1 Credit(s) ™. Physicians should only claim credit commensurate with the extent of their participation in the activity. Once you click “accept disclaimer,” you will have access to course material and no refund will be allowed for this course.
Collaborators The content in this course was developed and vetted in collaboration with Pamela S. Trafford, MBA, CPA, CGMA.
Key Dates Original Course Release Date: June 2016 Course Expiration Date: December 2025 Your Course Access Expires: 365 days from your purchase of the course
