{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-29T17:14:44-04:00", "answer_date": "2024-05-29 17:14:44", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1896895", "url": "\/study-help\/questions\/assignment-financial-definitions-and-chart-of-accounts-points-70-you-1896895", "question_creation_date_js": "2024-05-29T17:14:44-04:00", "question_creation_date": "May 29, 2024 05:14 PM", "meta_title": "[Solved] Assignment: Financial Definitions and Cha | SolutionInn", "meta_description": "Answer of - Assignment: Financial Definitions and Chart of Accounts Points: 70 You have been given the following list of accounts | SolutionInn", "meta_keywords": "assignment,financial,definitions,chart,accounts,points,70,list,cost,centers,group,physician", "question_title_h1": " Assignment: Financial Definitions and Chart of Accounts Points: 70 You have been given the following list of accounts and cost centers for a group", "question_title": " Assignment: Financial Definitions and Chart of Accounts Points: 70 You have", "question_title_for_js_snippet": "Assignment Financial Definitions and Chart of Accounts Points 70 You have been given the following list of accounts and cost centers for a group of physician offices that you manage The accounts are in alphabetical order 1 Create a numbering system for a chart of accounts using a 5 digit numbering system that incorporates the main categories of Assets, Liabilities, Equity, Expenses, and Revenues You will have sub accounts under these main headings You will have to determine if the accounts are considered Assets, Liabilities, Equity, Expenses, or Revenues and indicate that in your file Provide the definition of each (15 of the 50 points) The cost centers represent the various physician office sites and will be indicated by a modifier As an example (yours should look different), let's assume you have salaries as an expense Your numbering system states that all expenses have a 5 digit code starting with 30 Salaries are considered expenses and expenses have to start with 30 There are various types of salaries and those would be indicated by 30 100 through 30 199 You could then breakdown salaries by type such as clerical 30 101 or physician's assistant 30 102 You will indicate the three cost centers through a two digit modifier So, a physician's assistant salary at the Bedford Clinic would be 30 102 01 and a physician's assistant salary at the Simon Clinic would be 30 102 02 Provide a detailed explanation of how you set up your chart of accounts (10 of the 50 points)", "question_description": "\"image\"image\"image", "transcribed_text": "Assignment: Financial Definitions and Chart of Accounts Points: 70 You have been given the following list of accounts and cost centers for a group of physician offices that you manage. The accounts are in alphabetical order. 1. Create a numbering system for a chart of accounts using a 5-digit numbering system that incorporates the main categories of Assets, Liabilities, Equity, Expenses, and Revenues. You will have sub-accounts under these main headings. You will have to determine if the accounts are considered Assets, Liabilities, Equity, Expenses, or Revenues and indicate that in your file. Provide the definition of each (15 of the 50 points). The cost centers represent the various physician office sites and will be indicated by a modifier. As an example (yours should look different), let's assume you have salaries as an expense. Your numbering system states that all expenses have a 5 digit code starting with 30. Salaries are considered expenses and expenses have to start with 30. There are various types of salaries and those would be indicated by 30-100 through 30-199. You could then breakdown salaries by type. such as clerical: 30-101 or physician's assistant: 30-102. You will indicate the three cost centers through a two digit modifier. So, a physician's assistant salary at the Bedford Clinic would be 30-102-01 and a physician's assistant salary at the Simon Clinic would be 30-102-02. Provide a detailed explanation of how you set up your chart of accounts. (10 of the 50 points)", "related_book": { "title": "Fundamental Accounting Principles", "isbn": "71051503, 978-1259066511, 1259066517, 978-0071051507", "edition": "Volume I, 14th Canadian Edition", "authors": "Larson Kermit, Tilly Jensen", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/734.jpg", "uri": "\/textbooks\/fundamental-accounting-principles-volume-i-14th-canadian-edition-734", "see_more_uri": "\/textbooks\/business-data-science-3384" }, "free_related_book": { "isbn": "0323775861", "uri": "\/textbooks\/pain-medicine-board-review-2nd-edition-978-0323775861-269057", "name": "Pain Medicine Board Review", "edition": "2nd Edition" }, "question_posted": "2024-05-29 17:14:44", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/draw-with-ruler-touch-touch-4x-for-each-of-the-711313", "description": "Draw with Ruler Touch Touch 4x For each of the three simple circuit boards you will need to calculate the total resistance, Req, for the entire circuit board by using the measured resistances of each...", "stars": 0 }, { "url": "\/find-the-moment-of-inertia-of-hoop-about-axis-perpendicular", "description": "Find the moment of inertia of a hoop about an axis perpendicular to the plane of the hoop and through its edge.", "stars": 3 }, { "url": "\/study-help\/fundamentals-of-biostatistics\/implement-a-test-to-compare-the-baseline-heart-rate-initially", "description": "Implement a test to compare the baseline heart rate initially (2000) and after 10 years of exercise (2010), and report a two-sided p-value? 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