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Reporting Practices and Ethics Paper

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Reporting Practices and Ethics Paper

Jennifer Bradford


February 18, 2013

Latrina Benjamin-Frazier

The American Medical Association's Code of Medical Ethics states, "A physician shall support access to medical care for all people" (Zonana, 2013, p.1). This standard turns out to be an ethical problem, but; in our current separated structure regarding those without coverage are not given the equivalent right to use to health care as those with coverage. Health care workers are frequently required to stabilize the growing necessity for cost control and suitable portion of medical assets with their specialized ethical responsibility to "regard responsibility to the patient as paramount" when deciding clinical decisions (Levine, Wynia, & Schyve, 2013).

The executives inside the health care association will have generally one of these opinions: (1) Fiscal, (2) method, or (3) clinical. The way they succeed will be affected by which opinion they grasp. Fiscal view; these executives usually work with finance on a day-to-day basis; recording role is part of their requirement and complete much of the considered preparation for the association. "Process view; supervisors generally work with the system of the organization and may be responsible for data accumulation and are often affiliated with the information system hierarchy in the organization" (Baker & Baker, 2011).

Clinical view; supervisors usually are accountable for service delivery. "They have direct interaction with the patients and are responsible for clinical outcomes of the organization" (Baker & Baker, 2011). Generally Accepted Accounting Principles (GAAP), a standard and procedure in which corporations use to collect their fiscal reports such as Balance sheets, Income statements, and Cash-flow statements, and a mixture of commanding morals and just the frequently putative ways of recording and reporting accounting data.

The Generally Accepted Accounting Principles (GAAP) are guidelines in which rules and guidelines are follow in the United States by certified public accountant to make certain that they are authorized and ethical in their standard for managing accounts, when they organize the corporation reports.

Generally Accepted Accounting Principles (GAAP) is disturbed with: (1) the amount of monetary doings, (2) the period of the amounts that are to be made and documented, (3) the discoveries adjoining this movement, and (4) the planning and demonstration of précised economic data in financial statements. Without GAAP, "businesses would be free to choose for themselves what financial material to report and how to report it, making things quite difficult for investors and creditors who have a stake in that business" (General Accepted Accounting Principles or GAAP: What does It Mean? 2013).

Corporate agreement, ethics, or fraud



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