Research Paper, Finance and Accounting Paper Example | Topics and Well Written Essays - 1500 words

, Finance and Accounting - Research Paper Example Research Paper, Finance and Accounting Hence having an accounting background opens the door to a wide range of career opportunities. Accounting has always been considered as the language and basic tool of business and it is concerned with determining how a business is doing and what the bottom line of the business is. The demand for accountant has been growing and it is outstripping supply. There are a lot of field where accounting can be done like tax, managerial, audit, forensic, governmental, consulting etc. This paper will discuss about the pros and cons of each of the above field of accounting and arrive at the most important one among them which is more relevant today. Managerial accounting is referred to as management accounting and is defined as the internal business building role of finance and accounting professionals who designs, implement and manage internal systems that supports effective decisions and support, plan and control, the value creation operation of an organization. In other words, managerial accounting supports the decision making process through planning and controlling operations. Managerial accounting emphasizes on future event of a company and hence is often considered to be forward looking and uses past result as the basis for estimating future results. It increases the efficiency of a company as everything is done in management accounting in a scientific way of evaluation and compares the performance of the company.

Healthcare Business & Financing Essay Example | Topics and Well Written Essays - 1000 words

Healthcare Business & Financing - Essay Example Various empirical studies that have done over the past by the researchers to prove that there is a relationship between social, economic status and heath results. For example, a group of researchers of Internal medicine carried out research to determine whether there is a correlation between socioeconomic status and results for patients with a heart attack. The research discovered that poor patients who have been with a heart attack perform worse as compared to patients from the rich families. The argument may be by the fact that the poorest patient tend to undergo via extreme stress because they cannot meet their medical expenses as compared to the rich patients. Further, the study discovered those poor patients diagnosed with a heart attack were found to die early as compared to the rich. The reason for early death is due to the social, economic status. It was observed that patients from power social and economic background could not afford quality health care due to their low inco mes. In addition, patients from the poor background are unable to adapt/change their lifestyle as compared to the rich. The discussion indicates that there is a relationship between socioeconomic status and health outcomes (Alter et al., 2006). In America, health care is a privilege but not a right. Americans believe in conservatism; every individual should be able to cater for their needs including health care. The federal government has a role of empowering its citizens so that they can take care of their needs. The US constitution does not provide health care as a right. The Americans have been paying their medical bills without relying for the government to pay their medical bills. It is imperative to note that there is various reimbursement methods in healthcare system used to pay medical bills and include; billed, historical, specific service charge, bundle charge and capitulated reimbursement