A nurse manager writes the following

Question

Quizplus · Accepted Answer

The statement suggests that the purpose of financial reporting is to create a budget for the next year, implying that this is a crucial aspect for planning the finances of the hospital.

Answer: B
 The Joint Commission is a regulatory body that sets standards for healthcare organizations and requires them to comply with certain reporting requirements. Financial reporting may be one such requirement.

Answer: D
 Financial reporting is essential to demonstrate that hospital funds are being used for their intended purposes and not being illegally diverted. This ensures accountability and transparency in financial transactions. However, the statement about forwarding variances to the hospital attorney is not necessarily true.

A Nurse Manager Writes the Following