| Making unofficial inventory official. Financial managers who record and control unofficial inventory make the most of a valuable asset. | |
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MedLine Citation:
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PMID: 10166281 Owner: NLM Status: MEDLINE |
Abstract/OtherAbstract:
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All healthcare organizations maintain supplies in their facilities that have not been booked as assets on their general ledgers. This unofficial inventory is often overlooked because it is not as significant a cost-driver as salaries and capital equipment. But unofficial inventory can affect an organization's bottom line when it is not reflected as an asset on statements of activities. Healthcare financial managers, working with their organization's materials managers, and other department personnel, can take steps to correct the problem of unofficial inventory by identifying locating, and controlling such inventory throughout the facility. Appropriate accounting procedures to handle the conversion of unofficial inventory to official inventory status also should be implemented. |
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Authors:
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S R Hayas; R W Luecke; W G Stotzer |
Publication Detail:
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Type: Journal Article |
Journal Detail:
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Title: Healthcare financial management : journal of the Healthcare Financial Management Association Volume: 51 ISSN: 0735-0732 ISO Abbreviation: Healthc Financ Manage Publication Date: 1997 Apr |
Date Detail:
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Created Date: 1997-05-15 Completed Date: 1997-05-15 Revised Date: 2000-12-18 |
Medline Journal Info:
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Nlm Unique ID: 8215859 Medline TA: Healthc Financ Manage Country: UNITED STATES |
Other Details:
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Languages: eng Pagination: 72-6 Citation Subset: H |
Affiliation:
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University Hospitals Network Services Co., Cleveland, OH, USA. |
Export Citation:
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APA/MLA Format Download EndNote Download BibTex |
| MeSH Terms | |
Descriptor/Qualifier:
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Accounting
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methods Cost Allocation / methods Financial Audit / methods Financial Management, Hospital / methods* Hospital Departments / economics* Inventories, Hospital / economics* Materials Management, Hospital United States |
From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine
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