In this paper the financial reporting practices and ethical s—— in health care will be discussed. Financial essential in any organization. There are four key components of financial management; ——- controlling, organizing and directing, and decision making. It is vital that the financial and other managers understand all four of these to be able to promote a —— organization. The upmost to follow the ———statement, vision and values through honesty and integrity, to toward the staff, clients, strict financial reporting practices and ethical standards can be a complex and challenging job, but it is important to the organizations success. Financial Management
“The four recognized elements of financial management are planning, controlling, organizing and directing, and d——.. When the s knowledgeable of the organizations goals, policies, and procedures, he or she will be better equip to identify the necessary tasks and steps required in the planning phase. Once a plan is in place the next phase is controlling, where the management must make sure that everything is done accordingly and that the plan is successful. Through organizing and directing the management can identify and match the right employees according to thier skills, supervise productivity and the company’s goals. The decision making phase is——-one the more difficult of the four steps. Management must decide the best resources to achieve success. He or she must make sound and reliable choices after reviewing any and all reports, logs, and other documents. When —-is respectful and honest, showing integrity in his or her duties—–ethical behavior in financial management.