MOD C UNIT 3 VOCAB

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  1. Record of patient transactions showing an amount due.
    Accounts receivable (AR)
  2. Report that shows how long a debt has gone unpaid?
    Aging report
  3. Anything of value owned by a business that can be used to acquire other items?
    Asset
  4. Report on the financial condition of a business on a certain date?
    Balance sheet
  5. Type of endorsement in which only a signature is listed on the back of the check?
    Blank endorsement
  6. Legislation requiring a disclosure statement that informs a patient of a procedure's total cost, including finance charges; required when the patient will make more than four payments.
    Federal Truth in Lending Act
  7. Listing of a physician's charges for services?
    Fee schedule
  8. Reports that indicate the financial condition of a business?
    Financial statements
  9. Total amount of money earned before deductions are taken?
    Gross wages
  10. Report showing the results of income and expenses over time?
    Income statement
  11. Amount owed; a debt?
    Liability
  12. Total amount of money paid for work, minus deductions?
    Net pay
  13. Representing liability; accounts payable are money and funds owed to someone else (ie vendor)?
    Payable
  14. Person receiving payment of a debt?
    Payee
  15. Person paying the debt?
    Payer
  16. Recording system using a pegboard designed to increase the efficiency of recording daily transactions; called also one- write system?
    Pegboard system
  17. Using a written future date on a check?
    Postdated
  18. Type of endorsement in which the payee indicates a sole purpose for funds?
    Restrictive endorsement
  19. Document indicating the activity in an account?
    Statement
  20. Encounter form?
    Superbill
  21. Tool used to analyze the effect of a transaction on an account?
    T-account
  22. Financial activity of a business?
    Transaction
  23. System that provides insurance to the employer for a worker injured on the job?
    Workers' compensation
  24. Amount of money not able to be collected?
    Write-off

Card Set Information

Author:
jmejamison
ID:
82016
Filename:
MOD C UNIT 3 VOCAB
Updated:
2011-04-26 21:57:37
Tags:
FINANCIAL MANAGEMENT
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Description:
FINANCIAL MANAGEMENT
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