Week 2 – Activity 2

Contractual Allowances, Cost Classifications, and Grouping Expenses by Cost Center Interactive Game

[WLOs: 1, 2, 3, 4] [CLOs: 1, 3, 4, 5]

Prior to beginning work on this activity, review Chapters 4, 5, 6, 7, and 8 in our textbook. The purpose of this activity is to apply the principals of financial management to revenue sources as well as classifying costs and grouping of expenses by cost center. Complete the “Contractual Allowances, Cost Classifications, and Grouping Expenses by Cost Center Interactive (Links to an external site.)Links to an external site.” game.

Required Resources

Text

Baker, J. J., Baker, R. W., Dworkin, N. R. (2017). Health care finance: Basic tools for nonfinancial managers (5th ed.). Retrieved from https://content.ashford.edu

• Chapter 4: Assets, Liabilities, and Net Worth
• Chapter 5: Revenues (Inflow)
• Chapter 6: Expenses (Outflow)
• Chapter 7: Cost Classifications
• Chapter 8: Cost Behavior and Break-Even Analysis