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FMS721S - FINANCIAL MANAGEMENT IN HEALHT SERVICES - 2ND OPP - JULY 2022 |
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' (·
nAm I BI A u n IVE RS ITV
OF SCIEnCE
TECHnOLOGY
FACULTY OF HEALTH, APPLIED SCIENCES AND NATURAL RESOURCES
DEPARTMENT OF HEALTH SCIENCES
QUALIFICATION: BACHELOROF SCIENCEIN HEALTHINFORMATION SYSTEMSMANAGEMENT
QUALIFICATION CODE: 07BHIS
COURSE: FINANCIAL MANAGEMENT IN
HEALTHSERVICES
SESSION: JULY2022
LEVEL: 7
COURSE CODE: FMS721S
PAPER: THEORY
DURATION: 3 HOURS
MARKS: 100
SUPLEMENTAY/SECOND OPPORTUNITY EXAMINATION QUESTION PAPER
EXAMINER
DR MOIPI NGAUJAKE
MODERATOR
MR NELSONPRADA
INSTRUCTIONS
1. Read the questions and instructions carefully
2. Answer All the questions
3. Write neatly and clearly
4. Begin each question on a separate sheet of paper and number the answers clearly
PERMISSIBLE MATERIALS
1. SCIENTIFICCALCULATOR
THIS QUESTION PAPER CONSISTS OF 5 PAGES
(Including this front page}
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QUESTION 1
[SECTION A]
{35 Marks)
1.1 Discuss the direct measures (Proactive Strategy) as a form of quality improvement
(12)
of a healthcare organization?
1.2 Discuss the objectives of healthcare finance management?
(6)
1.3 Explain the concept of Depreciation?
(1)
1.4 Explain the concept of Accrual Accounting?
(4)
1.5 Differentiate between the different types of expenses?
(8)
1.6 Differentiate between Gross Patient Revenue and Net Patient Revenue?
(4)
QUESTION 2
[SECTION BJ
(30 MARKS)
Tuhafeni Shikongo's family owns a Pharmacy. His family started the business 3 years ago. He plans
to buy further equipment to modernize the Pharmacy. Hafeni is interested to see how and when his
cash in-flows and out-flows will occur.
Directions: From the following information, calculate Tuhafeni's cash flow position. Complete the
statement of cash flow and the cash flow statement. Hafeni's beginning cash balance was
N$100,000. The following steps are hints for completing the exercise.
1. Arrange each transaction as income or expense.
2. Categorize each transaction as an operating, investing or financing activity.
3. Summarize the information on the statement of cash flows form below.
4. Classify each transaction into like categories.
5. Summarize the transaction into quarterly values.
6. Prepare the summary values and totals on the cash flow statement.
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Month
January
January
January
January
January
February
February
February
March
March
March
April
April
April
April
May
May
May
June
June
June
July
July
July
August
August
August
August
August
September
September
September
October
October
October
November
November
November
November
Transaction
Value
Inflow for Store
room upgrade
Loan
Contract for
Store room
upgrade
Sales
Utilities
Salaries
Sales
Utilities
Salaries
Sales
Utilities
Salaries
Loan
Repayment
Utilities
Salaries
Sales
Utilities
Salaries
Sales
Utilities
Salaries
Sales
Utilities
Salaries
Sales
Utilities
Salaries
Loan
Repayment
Sales
Computers
Salaries
Sales
Utilities
Utilities
Salaries
Sales
Salaries
Loan
Repayment
Sales
Utilities
2,200,000
2,000,000
150,000
10,000
100,000
110,000
15,000
100,000
130,000
10,000
100,000
70,000
20,000
100,000
90,000
9,000
100,000
80,000
11,000
100,000
150,000
12,000
100,000
120,000
10,000
100,000
70,000
140,000
30,000
100,000
160,000
11,000
10,000
100,000
120,000
100,000
70,000
140,000
10,000
Income/
Expenditure
Operating/
Investing/
Financing
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December
December
December
Sales
Utilities
Salaries
Cash Flow Statement
For the Period Jan to Dec 2016
80,000
9,000
200,000
Total
Beginning Cash
balance
Operating Receipts
Quarter 1
Jan- Mar
Quarter 2
Apr - Jun
Quarter 3
Jul - Sep
Quarter 4
Oct - Dec
Total Cash Available
Operating Expenses
Capital Expenses
Loan Payments
Total Cash Required
Cash before savings
and borrowing
Money borrowed
Ending cash balance
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Statement of Cash Flows
Cash Flows from operating activities
Net cash provided by operating activities
Cash Flows from Investing Activities
Net cash provided by investing activities
Cash flows from financing activities
Net cash provided by financing activities
Net increase/decrease in cash and cash equivalents
Cash and cash equivalents at beginning of the year
Cash and cash equivalents at the end of the year
QUESTION 3
[SECTION C]
(35 MARKS)
3.1 Explain the composition of a balance sheet (provide three (3) examples for each of the
components).
(20)
3.2 Differentiate between Operating, Investing and Financing activities in the statement of
cash flows (provide three (3) examples for each one).
(15)
TOTAL: 100 MARKS
GOODLUCK
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