Financial Management

 Definition: Financial Management is the competency in healthcare finance, requiring sound financial management practices at all levels of experience, as well as an understanding of budgeting for personnel, including:

• Financial accounting, including basic accounting functions of data entry, transaction analysis, and the preparation and interpretation of financial statements for internal managers and external stakeholders
  
• Managerial accounting, with a focus on internal uses of accounting information for decision making
  
• Financial management, including assets management with an emphasis on cash flow analysis