The service providers are in tie-up with the hospital for usage of their products. The hospital also receives grants, accreditations, certifications from various organizations. However the main source of revenue can be accounted to the fees received from the patients. The various expenses incurred by the organization lies in the staffing. The hospital has a considerable strength of manpower which includes Doctors, Nurses, Technicians, Pathologist, Clerical staff, and other support staffs. The hospital also spends a considerable amount of money behind installation of latest technological equipment for providing world class facilities for its patient. It also has to maintain a high level of cleanliness and hygiene as it is one of the important issues. King Abdulaziz, medical city does not concentrate on profit making. The hospital focuses on the quality of health care and looks to provide the best of services to the patients. It thrives to provide relief to the ailment in the best possible ways. According to respondent 1, King Abdulaziz, medical city also looks after profit making. It has to maintain a profit margin as without profit it cannot look to provide the best of services and would have stopped its operation because of shortage of capital, which is contrary to my view mentioned. Topic 2: King Abdulaziz, medical city is one of the leading hospitals in the Saudi Arabia. It has the capability to accommodate 690 patients, besides it has 132beds for admission of emergency cases and 25 beds are allocated to the surgical patients. The hospital has one of the best trauma centers in the country. It is equipped with specialized Burn Unit, Surgical ICU, Endoscopy Unit, Operating Rooms, and Neuro-Surgical and Surgical Units. To reduce the extended stay in the hospital, King Abdulaziz, also provides home health care services. In the home health care service the patients are monitored properly and regular follow up is initiated. The hospital has fifteen different departments which deal with various kinds of diseases and illness of patients. The departments are listed below King Abdulaziz Cardiac Center Department of Anesthesiology Department of Emergency Medicine Department of Dental Care Intensive Care Department Department of Hepatobiliary Sciences and Liver Transplant Long Term and Extended Care Center Department of Medical Imaging Department of Medicine Department of Obstetrics and Gynecology Department of Pediatrics Department of Surgery Department of Pathology and Laboratory Medicine Department of Infection Prevention and Control Department of Oncology (Medical departments, n.d) The amount of actual cost involved in providing the heath service is not known to me in exact figures but the quality of service provided and its wide variety suggests that the cost range is on the higher side. If the staffs do have an idea behind the cost the hospital has to maintain in providing the service to the patients, it will definitely help the organization in the long run. The employees will also try to provide their best of efforts and the maintenance of the high cost equipments could be done in a much better way Topic 3: Often in organization, the management provides a variety of information and updates to the employees in a regular basis. Often the information provided to them is of no use or of little use. The results of these efforts from the management do lead
Topic 1 I used to work for the King Abdulaziz, medical city which is a Riyadh based hospital. The main source of revenue comes from the patients which they pay as fees for their treatment in the hospitals. A major portion of the financing is accomplished by government allocated budget and the revenue received from private consultations…
Thus the current and the non-current assets and liabilities of the company has been assessed so as to investigate on the valuation method thus adopted by the company. At time the valuation of the assets of the company gets inflated due to the method of valuation thus adopted by the company.
all exception the control testing stage)" (n.d., para 1.).
With this, it can be summarized that the analytical procedures aim at having a deeper and more substantiated understanding of the client's business, through examining the consistency and validity of the business entity's account balances, transaction details and financial statements.
In recent years there has been a major increase in the international importance of this concept. This has come about with its adoption by the European Community in the Fourth Directive on company law and its implementation in all Community countries. However, this concept has never been defined in UK legislation, and a variety of meanings can be attributed to it.
Different accounting policies can provide different estimates of earnings therefore accounting profit is not only an arbitrary figure but also subjective in nature. Accounting income can also be misleading because of the fact that it can distort the figures like Earnings per share (EPS) due to its subjectivity.
Most developing countries concentrate on developing their banking system, who act as the transmitter between the savers and the ultimate consumers of this credit. The bank is considered as the legal means of providing lending and most attention is paid
‘Issuance of stock’ is simply when shares are given out to investing people in the stock exchange – a market for shares. These generate funds for an organization, for the time being, but have to be given a return on, to the
existence of accounting records is to minimize or reduce the effect of principal-agent problem; its impact is reduced by measuring and close monitoring of the performance and reporting the results to parties concerned.
Financial accounting is a discipline which has evolved over
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