Get Continuing Education Hours:
for Assisted Living Administrators:
Financial
LTCE 839e Learning to Evaluate the Financial Soundness of a Facility
The various configurations of housing in the assisted living industry are described and explored. Ways to evaluate the financial strength of a facility are presented. Cost and access to capital is explored. Economic profile of a stabilized assisted living facility...
2
CEUs
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LTCE 841e Packaging and Pricing Assisted Living Facility Services
Deciding how much to charge is one of the most important roles of the assisted living administrator. Use of the point system in assigning charges is explored....
2
CEUs
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LTCE 843e Understanding the Financial Documents in the Assisted Living Facility
Exploration of the administrator's role as financial manager. Presentation of the basic steps in accounting, e.g., chart of accounts, the journal, the general ledger, balance sheet. Discussion on how to prepare and interpret financial statements such as the income statement...
2
CEUs
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LTCE 845e Understanding and Calculating Financial Information: Average Collection Period Ratios and more
Discussion of how to use financial statements in managing the assisted living facility. Explanation of working capital, ratio analysis, and vertical analysis. Additional accounting procedures that help the administrator maintain control over the facility are explored, e.g. accounts receivable, resident...
2
CEUs
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LTCE 847e Mastering Budgeting, Depreciation, Historical Cost, Useful Life, etc.
The concept of depreciation is defined and illustrated. Also, the concept of using "costs" in making your managerial decisions is explored, e.g. variable costs, fixed costs and total variable costs. Direct and indirect costs are defined and explored. Types of budgets...
2
CEUs
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LTCE 849e Learning Risk Management and Ownership Forms in the Industry
Operating an assisted living facility brings many risks: these are explored and ways suggested for managing the risks faced daily by the facility staff and owners. Sources of law, the court system and legal terminology are presented. Risk is defined...
2
CEUs
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