While audiologists and/or practice owners will likely not be conducting the actual day to day bookkeeping and accounting, they do need to know the basics of business and accounting, as Baty indicates, to speak the language of bookkeepers and accountants. Knowledge of accounting and its unique vocabulary facilitates the communication of the health of a practice to those individuals involved in the success or failure of the clinical operation. Essential knowledge of the profitability of various employees, specific clinical procedures, office locations and other components of the practice is demonstrated by the accounting process. It also provides the practitioner with valuable knowledge for decisive management.

Course curriculum

  • 1

    Introduction Fiscal Managment Part 1

    • Introductions
  • 2

    Economic Exchanges in an Audiology Practice

    • Economic Exchanges in an Audiology Practice
  • 3

    Business Costs

    • Business Costs
  • 4

    General Concepts in Accounting

    • General Concepts in Accounting
  • 5

    Fundamentals of Accounting

    • Fundamentals of Accounting
  • 6

    The Bookkeeper

    • The Bookkeeper
  • 7

    The Chart of Accounts

    • The Chart of Accounts
  • 8

    Financial Accounting

    • Financial Accounting
  • 9

    Epilog

    • Epilog

    • Fiscal Management Part 1 Quiz
  • 10

    References

    • References
  • 11

    Introduction Fiscal Management Part 2

    • Introduction
  • 12

    Monitoring the Practice With Ratio Calculation

    • Monitoring the Practice with Ratio Calculation
  • 13

    Liquidity Ratios

    • Liquidity Ratios
  • 14

    Activity Ratios

    • Activity Ratios
  • 15

    Debt or Leverage Ratios

    • Debt or Leverage Ratios
  • 16

    Profitability

    • Profitability
  • 17

    Tying it All Together

    • Tying it All Together

    • Fiscal Management Part 2 Quiz
  • 18

    References

    • References