Document Detail


Laboratory manager's financial handbook. Cost accounting: the road map to financial success.
MedLine Citation:
PMID:  10161355     Owner:  NLM     Status:  MEDLINE    
Abstract/OtherAbstract:
Cost accounting is the most basic element of the laboratory's financial management structure. Historically, cost accounting in the nonmedical world referred to accumulating and assigning costs to units of production and departments, primarily for inventory valuation and income determination. In the health industry, microcost accounting is distinguishable from macrocost (management/internal) accounting and serves multiple purposes. Microcost accounting pertains to gathering and providing information for decision making. The range of decisions include managing recurring operations, making nonrecurring strategic decisions, and formulating major organizational policies. Macrocost accounting fulfills the legal requirements of reporting to stockholders, auditors, governmental agencies, and other external parties.
Authors:
E M Travers
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Publication Detail:
Type:  Journal Article    
Journal Detail:
Title:  Clinical laboratory management review : official publication of the Clinical Laboratory Management Association / CLMA     Volume:  10     ISSN:  0888-7950     ISO Abbreviation:  Clin Lab Manage Rev     Publication Date:    1996 May-Jun
Date Detail:
Created Date:  1996-08-07     Completed Date:  1996-08-07     Revised Date:  2000-12-18    
Medline Journal Info:
Nlm Unique ID:  8805785     Medline TA:  Clin Lab Manage Rev     Country:  UNITED STATES    
Other Details:
Languages:  eng     Pagination:  265-85     Citation Subset:  H    
Affiliation:
Veterans Administration Medical Center, Northport, NY, USA.
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MeSH Terms
Descriptor/Qualifier:
Accounting / methods*
Cost Allocation / methods
Decision Making, Organizational
Diagnostic Tests, Routine / economics
Equipment and Supplies / economics
Financial Management / methods*
Forms and Records Control
Hospital Costs
Income
Laboratories, Hospital / economics*,  manpower,  organization & administration
Management Information Systems / standards
Models, Organizational
Physician Executives / standards
United States

From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine


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