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FINANCIAL MANAGEMENT
Total: 100 Marks
Instructions : Answer any 5 questions. Each question carries 20 Marks.
1. How will you define concepts of Accounting? How is it applicable in the Hospitals?
Answer : The preparation of Income Statement and Balance Sheet of a business is based on certain
assumptions. These assumptions are called Accounting Concepts.
Accounting concepts are very helpful in applying commonly established procedures in preparing
financial statements.
Definition
It is assumed that the business will continue to operate in the foreseeable future (as far as one can
predict). Therefore, there is no intention of closing down.
This concept may not be applied if there are
2. Explain the role of Financial Management in Healthcare sector & functions of Finance Manager?
Answer : Role of Financial Management in Healthcare sector
With inflation taking a bite out of just about everyone's budgets these days, from single people, to
families, to business and government agencies alike, it has become evident that quality healthcare
financial management is increasingly important. With so many troubles related to the economy
nowadays, and the uncertainty and turmoil that is being experienced by so many, providing good
financial management in the healthcare sector is of the utmost importance for all parties involved,
from patients to providers to insurance companies.
These days there are a number of financial management services for healthcare that provide specific
solutions and have been specially designed for the healthcare organizations and the medical
professionals involved in providing care for their patients. While there are many money
management software programs and many
3. Explain concept of Economics?
Answer : Definition of economics

2. The English term ‘Economics’ is derived from the Greek word ‘Oikonomia’. Its meaning is
‘household management’. Economics was first read in ancient Greece. Aristotle, the Greek
Philosopher termed Economics as a science of ‘household management’. But with the change of
time and progress of civilization, the economic condition of man changes. As a result, an
evolutionary change in the definition of Economics is noticed. Towards the end of the eighteenth
century Adam Smith, the celebrated English Economist and the father of Economics, termed
Economics as the ‘Science of Health’. According
4. Define & classify the Budget.
Answer : Budget is a financial statement that coins down the expected revenue and expenditure of a
particular fiscal year.
A budget is a quantitative expression of a plan for a defined period of time. It may include planned
sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash
flows. It expresses strategic plans of business units, organizations, activities or events in measurable
terms
Definition
“A sum of money allocated for a particular purpose.”
Or,
“A summary of intended expenditures along with proposals for how to meet them.”
Purpose
Budget helps to aid the planning of actual
5. Explain Payback method and discounted pay back method
Answer : The payback method is a method of evaluating a project by measuring the time it will take
to recover the initial investment.
In capital budgeting, the payback period refers to the period of time required for the return on an
investment to "repay" the sum of the original investment.
As a tool of analysis, the payback method is often used because it is easy to apply and understand
for most individuals, regardless of academic training or field of endeavor. When used carefully to
compare similar investments, it can be quite useful. As a stand-alone tool to compare an investment,
the payback method has no explicit criteria for decision-making except, perhaps, that the payback
period should be less than infinity.
6. What do you mean by “Term Loans”? Explain with examples?

3. Answer : A term loan is a monetary loan that is repaid in regular payments over a set period of time.
Term loans usually last between one and ten years, but may last as long as 30 years in some cases. A
term loan usually involves an unfixed interest rate that will add additional balance to be repaid.
Usage
Term loans can be given on an individual basis but are often used for small business loans. The ability
to repay over a long period of time is attractive for new or expanding enterprises, as the assumption
is that they will increase their profit over time. Term loans are a good way of quickly increasing
capital in order to raise a business’ supply capabilities or range. For instance, some new companies
may use a term loan to buy company vehicles or
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
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or
call us at : 09816280608