We Are Not Publicly Traded And So The Rules Don\u27t Apply Or Do They Should They?

This paper presents a case study of the accounting practices of a company that is privately held. The company follows Generally Accepted Accounting Principles (GAAP) but has some questionable transactions. The paper then follows up with a discussion of baby-GAAP and possible consequences of two different GAAP options

When Management Override Negates Common Sense

Write OK per big boss across the invoice and everything is fine! Or is it? This paper analyzes the human factor link related to the Debra Valice Case. The human factor is the weakest link of any internal control system. Understanding the human factors that cause people to not follow the rules, is key to strengthening this link. This research will utilize the human factors adapted from the Independence Education Program to analyze the DebraValice Case. Valice was responsible for ensuring a secure internal control system. The Chief Executive Officer was able to manipulate this system and unauthorized payments were made to him or on his behalf. Valices lack of good judgment allowed this to happen. The human factors allowing this breach were professional character, business culture and environment, the ability to recognize there is an issue and the quality of the decision-making process as outlined by the Independence Education Program

We Are Not Publicly Traded And So The Rules Dont Apply Or Do They Should They?

This paper presents a case study of the accounting practices of a company that is privately held. The company follows Generally Accepted Accounting Principles (GAAP) but has some questionable transactions. The paper then follows up with a discussion of baby-GAAP and possible consequences of two different GAAP options

Real-World Flowcharting Willy Wonka Style!

The purpose of this paper is to discuss the development, implementation and outcome of a field-based learning flow-charting project that was conducted in an accounting information systems (AIS) course. The emphasis for the project was strengthening the students' critical thinking skills. This paper advances AIS education by sharing a field-based learning project geared toward AIS

Economic Incentives in the Hospice Care Setting: A Comparison of For-profit and Nonprofit Providers

The purpose of this paper is to examine the association of differences in economic incentives between for-profit (FP) and nonprofit (NP) hospice care providers with management performance using financial and nonfinancial metrics. This research is based on the expectations of Agency theory and applies proxies of the quality of patient care while controlling for differences in cost-efficiency. Our findings indicate that FP hospice providers (1) selectively admit patients with longer life-prognoses and billable days and hence lower average costs per day (2) employ a lower average cost/skill mix of workers and (3) have higher CEO compensation and profit. The NP providers admit more patients with the less profitable life-prognoses attributes have lower CEO compensation and reinvest their net earnings under the non-distribution constraint. While the profit incentive may be needed to attract providers into this rapidly growing and underserved market the NP providers return a lower cost per patient served from the taxpayer's perspective

When Management Override Negates Common Sense

Write “OK per big boss” across the invoice and everything is fine! Or is it?  This paper analyzes the human factor link related to the Debra Valice Case.  The human factor is the weakest link of any internal control system.  Understanding the human factors that cause people to “not follow the rules,” is key to strengthening this link.  This research will utilize the human factors adapted from the Independence Education Program to analyze the Debra Valice Case.  Valice was responsible for ensuring a secure internal control system.  The Chief Executive Officer was able to manipulate this system and unauthorized payments were made to him or on his behalf.  Valice’s lack of good judgment allowed this to happen.  The human factors allowing this breach were professional character, business culture and environment, the ability to recognize there is an issue and the quality of the decision-making process as outlined by the Independence Education Program

Is The Community Health Needs Assessment Replacing the Certificate of Need?

The purpose of this paper is to question the need for Certificates of Need at the state level. At the Federal level the Affordable Care Act requires hospitals must justify their community impact through a Community Health Needs Assessment (IRS Form 990 Schedule H) in order to retain their tax-exempt status. Not-for-profit hospitals will save money, time and personnel resources if the CON is combined with the CHNA and all states accept this change, no longer requiring the CON