Presentation and Disclosure Assertions State That All Transactions and Balances

question 97

True/False

Presentation and disclosure assertions state that all transactions and balances are properly presented,and the company has disclosed every financial transaction and arrangement it entered into during the year in the footnotes.

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Definitions:

Diagnosis-Related Groups

A system of classification for hospital cases intended to standardize hospital billing.

Health Records

Documents containing the medical history, treatments received, diagnostic findings, and care outcomes of a patient.

Documentation

Written entry into the patient's medical record of all pertinent information about him or her. These entries validate the patient's problems and care and exist as a legal record.

Consecutively

occurring in a successive, uninterrupted sequence without gaps or interruptions.