Today is your first day as the new Director of HIM. You were hired directly out of college. The budget is due next week and according to the CEO?"there are no exceptions." Your predecessor has retired after 42 years. The Assistant quit because he was not promoted to Director. He was being paid $45,000 and will not be replaced. All other supervisory staff members are relatively new and serving as working supervisors. Because you are an RHIA rather than an RHIT, you are being paid $10,000 more than your predecessor. The Budget Data provided is the only data available because you cannot find anything in the "disaster" of an office that your predecessor left.

In addition to the Budget Assumptions (see below) and the Prior Year's Actual Data, the Budget Manager has given the following guidelines:

Your overall budget must decrease by at least 10% from last year because there have been volume declines.

You should not add any new expense accounts/line items.

Salary increases are anticipated for the next fiscal year and are not expected to exceed 2% due to the poor economy.

The Budget Manager expects you to give him the 12-month budget for all line items.

If you increase or reduce any of these line items, you must thoroughly explain why.

You cannot transfer costs to another department.

Prepare a written summary of the basis for the changes to each account for the CFO to accompany your budget.

Budget Assumptions for FY 2022:

1. Paper goods are expected to increase 2%.

2. The imaging/scanning project is fully implemented and 2 FTEs (1 of which is an analyst) and all temporary workers who were paid by the hospital will be eliminated. Average hourly compensation is $14.50/hour.

3. Prior to the scanning project being fully implemented you had 7 analysts.

4. Your coding consultant indicates that the consulting fees for her services will increase by 3%. She will do her audits in the Spring and Fall. She is the only consultant you use at this time.

5. The imaging project has replaced the need for microfilming.

7. This is your year to go to the National AHIMA meeting. Only the Director is allowed to go to the National meeting and you are going!Your CFO has asked you to learn as much as possible about implementing ICD-10 and an EHR system. The meeting is in Baltimore, MD.

8. Each week you are responsible for buying candy and assorted small sport items as giveaways for the Medical Staff. Cost is expected to increase by 2%.

9. There is no change expected in the rates applied by the Federal Government. The FICA can be calculated as a percentage of salaries.

10. During this past year it was decided that food would no longer be provided at Medical Staff meetings. Therefore, you no longer need to budget catered food for the Cancer Conferences or for the Medical Records Committee.

11. You will have a catered lunch from Dietary for HIM Week in November. You will have 50 employees in the department during HIM Week and 3 Volunteers. Additionally, you intend to invite your CFO and the President of the Medical Staff.No other catered meals are expected.In addition to a free lunch for HIM Week you will purchased a logo-line item from AHIMA.

12. You will continue to have employee incentive plans for your analysts and coders.These are flat payments made for achieving goals regardless of the employee's rate of pay and are not tied to any compensation increase. The incentives are paid quarterly.

13. A full-time equivalent employee (FTE) is considered as one who could be paid 2,080 hours/year.

14. Temporary staff is not eligible for benefits.

15. Incentive compensation is not eligible for benefits.

16. Maintenance contracts are to be budgeted in the month they are due to be paid.

17. Your contracted release of information firm does not intend to make any changes to their services nor does it intend to raise its charges to you. Their 2 staff members are included in your "employee" count for HIM week.

2- Question A- The Sarbanes-Oxley Act of 2002 created the Public Company Accounting Oversight Board. Explain the major responsibilities of this board. B- Apart from auditing, what other professional services are offered by public accountino firms? C- Spacecraft, Inc., is a large corporation that is audited regularly by a public accounting firm but also maintains an internal auditing staff. Explain briefly how the relationship of the public accounting firm to Spacecraft differs from the relationship of the internal auditing staff to Spacecraft.organizations or businesses from managerial accounting perspective. Secondly, the Importance of Corporate Social Responsibility initiatives by the firms in Oman [CSR] from managerial accounting perspective. Students need to select five profitable businesses in Oman which apply Corporate Social Responsibility explaining the impact of such initiatives/activities on the business firm, shareholders, society at large etc. Also, the project needs to cover in depth explanation of the importance of such practices from managerial accounting perspective.PASSAGE: Use the foiiowing information for the remaining multiple-choice questions: In a refracting telescope two convex lenses are used to generate an enlarged image of a distant object (see Figure 1). The light from the object rst enters the objective lens which will produce a real image, I1. This image then acts as the object for the second lens, the eyepiece. The image formed by the eyepiece lens, lz, is the image seen by the user of the telescope. Objective lens Eyepiece lens Figure 1 Topic 5. Question 18: What is the benefit of having a large objective lens? It will produce a brighter image. It will produce an inverted image. It will produce a larger image. It will produce a real image. It will produce an image a shorter distance from the lens. F'sJoya? Topic 5. Question 19: Let M be the magnication. What best describes the image formed by the eyepiece lens? A. Virtual and |M| 1 D. Real and |M| > 1 E. Virtual and |M| = 1 Topic 5. Question 20: What will happen to the observed image, I2, if the eyepiece is moved a little closer to the objective? A. The observed image will become larger and upright. B. The observed image will remain inverted, but become larger C. The observed image will remain the same size and orientation. D. E. The observed image will remain inverted, but become smaller. The observed image will become smaller and upright