AHM-520 Exam Dumps : Health Plan Finance and Risk Management

Cash receipt, but not cash disbursement, is an important component of cash-basis accounting

Most companies use a pure cash-basis accounting system

Cash-basis accounting records revenue according to the realization principle and expenses according to the matching principle

Health insurance companies and health plans that fall under the jurisdiction of state insurance commissioners must report some items on a cash basis for statutory reporting purposes

Measure its performance and practices against those of other companies to help identify those practices that will lead to superior performance in a variety of financial and non-financial areas

Calculate the percentage changes in its financial statement items over several consecutive accounting periods

Determine both the direction and velocity of trends in its financial statements

Display only percentage relationships in its financial statements

Interest charge

Retention charge

Risk charge

Surplus