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Practice Management Clinics

Friday, September 16, 2011
8:00AM - 11:00AM

Location

(C) 111A-B

P802

Go Figure... Or Be Ready For A Surprise#

John Sherwood Bauer, MBA, FACMPE
Managing Member
Aspen Consulting, Group, Ltd.
Strongsville, OH

Robert Gerald Haney, BBA
Managing Member
Aspen Consulting Group, Ltd.
Strongsville, OH

Synopsis

Comprehending the articulation of the financial statements, practice management reports and checking account statements provides an OMS practice owner the ability to globally understand the true financial health of his/her practice. This presentation will provide insight for the practice professional to review internal controls, ascertain if the practice truly is profitable and how to translate revenue into retained earnings and taxable income.

Learning Objectives

At the conclusion of this presentation, participants should be able to:

  1. Utilize a hard copy flow diagram to gain the ability to further assess the financial strength of their practice;
  2. Detect cognitively and objectively weaknesses and other detrimental financial issues relative to their practice; and
  3. Review sample financial statements to visualize and interpret the key areas of the statements and translate that knowledge to their own statements.

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