List the Seven Fund Financial Statements That Are Required as Part

question 69

Essay

List the seven fund financial statements that are required as part of the basic financial statements by GASB standards. What measurement focus and basis of accounting should be used in preparing each of these statements?

Recognize the contributions of nurses to political advocacy and health policy development.

Understand the role of nurses in public health initiatives and policy advocacy.

Analyze the effects of health care legislation and policy on health care delivery and practice.

Understand the role and impact of nursing associations and their political action committees (PACs) in shaping healthcare policy.

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Definitions:

Traveler's Checks

A preprinted, fixed-amount check designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer for that privilege.

Credit Cards

Financial instruments that allow users to borrow funds from a pre-approved limit to pay for goods and services, with the expectation of paying back the borrowed amount along with any applicable interest.

Opportunity Cost

The value of the next best alternative that is foregone as a result of making a decision to pursue a particular action.

Holding Money

The act of keeping money in cash or in accounts as savings rather than investing it.