Accounts payable definition. Balance sheet accounts.

Inventory cost flow methods – definitions, advantages, disadvantages.

Units of production depreciation method – advantages and disadvantages. How to calculate units of production depreciation. Pros and cons of method.

The need of third-party payers. Role of third-party payers in the healthcare world.

Sum years’ digits depreciation definition – advantages, disadvantages. Depreciation expense, calculation of depreciation.

Straight-line depreciation definition - main advantages and disadvantages. Depreciation expense, salvage value explained.

Salary definition. Employees work compensation. Gross earnings vs net pay.

Importance of third-party payers in healthcare organizations. How third-party payers affect healthcare.

Disadvantages of using third-party services in healthcare organizations. Impact of third-party payers on healthcare - cons.

Impact of third-party payers on healthcare. Healthcare finance basics. Advantages of using third-party services in healthcare.

Last-in first-out inventory cost flow method. LIFO –definition, advantages, disadvantages.

First-in first-out inventory cost flow method. FIFO – definition, advantages, disadvantages