Cost Report and Compliance Assessment
The goal will be to train accounting and administrative personnel to maintain accounting data in the requirements necessary for reporting under both GAAP and CMS requirements. Specific objectives include: train accounting personnel on how to properly monitor coding of financial transactions for both GAAP and CMS reporting; help set up a monthly control list to make sure general ledger accounts are properly reconciled; train accounting personnel on how to maintain an up-to-date depreciation schedule for both GAAP and CMS reporting; train accounting and administrative personnel on what data needs to be maintained in order to properly prepare the required CMS cost reports; and to walk the accounting personnel through the gathering of data for the current year’s CMS cost report.
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