Accounting Lesson 1

Which of the following is NOT a protective measure for electronic medical records?

• Require codes to access specific information

• Limit who has access to records by using passwords.

• Do not leave monitors unattended while confidential information is on the screen.

• Sending a patient's confidential information via email.

Which of the following is the correct equation for determining equity?

• Assets - Liabilities = Equity

• Liabilities - Assets = Equity

• Assets + Liabilities = Equity

What is the term for money owed to a company or office that has not yet been received?

• Accounts payable

• Accounts posted

• Accounts receivable

• Accounts in progress

Accounts receivable are considered ____.

• Liabilities

• Equity

• Assets

• Debts

What is the term for money owed by a company that has not yet been paid?

• Accounts receivable

• Accounts in progress

• Accounts payable

• Accounts posted

What is an event that affects the financial position of a company and can be reliably recorded?

• Ledger transaction

• Income

• Accounting transaction

• Expenditure

Medical office assistants may be required to perform accounting tasks.

• True

• False

What is the purpose of the HIPAA Privacy Rule?

• To allow a health care provider to sell patient financial information

• To protect the privacy of patient information

• To protect the privacy of an office's income

• To protect the physician's personal privacy

Which of the following skills will a medical office assistant need to perform accounting tasks?

• Good organizational skills

• Computer literacy skills

• Communication skills

• All of the above

Paying the office's utility bill is an example of income.

• True

• False