Part 451 - Definitions

Effective Date

12/23/1980

Part 451 - Definitions
Section 451.0 - General

Section 451.1 - Accelerated depreciation

Section 451.2 - Accommodation fee

Section 451.3 - Accounting

Section 451.4 - Account control

Section 451.5 - Accounting manual

Section 451.6 - Accounting period

Section 451.7 - Accounting policy

Section 451.8 - Accrual basis

Section 451.9 - Accumulated income (or earnings or profit)

Section 451.10 - Activity

Section 451.11 - Actual cost

Section 451.12 - Actual time method

Section 451.13 - Actuarial basis

Section 451.14 - Additional (paid-in) capital

Section 451.15 - Adjusting (journal) entry

Section 451.16 - Administrative accounting

Section 451.17 - Administrative expense

Section 451.18 - Advance

Section 451.19 - Age

Section 451.20 - AICPA

Section 451.21 - Allocate

Section 451.22 - Allowance

Section 451.23 - Allowable costs

Section 451.24 - Amortization

Section 451.25 - Apportionment

Section 451.26 - Appreciation

Section 451.27 - Article 2-A facility

Section 451.28 - Assets

Section 451.29 - Audit

Section 451.30 - Available beds

Section 451.31 - Average daily inpatient census

Section 451.32 - Average length of stay

Section 451.33 - Average life

Section 451.34 - Bad debts

Section 451.35 - Balance

Section 451.36 - Balance sheet

Section 451.37 - Bed turnover rate

Section 451.38 - Benefit

Section 451.39 - Betterment

Section 451.40 - Board-designated funds

Section 451.41 - Bond

Section 451.42 - Book inventory

Section 451.43 - Book of original entry

Section 451.44 - Book value (or cost)

Section 451.45 - Calendar year

Section 451.46 - Capital expenditures

Section 451.47 - Capitalization

Section 451.48 - Cash basis

Section 451.49 - Certificate of deposit

Section 451.50 - Chain Organization

Section 451.51 - Change of ownership

Section 451.52 - Charity allowances

Section 451.53 - Chart of accounts

Section 451.54 - Classification of accounts

Section 451.55 - Clearing account

Section 451.56 - Common ownership

Section 451.57 - Consistency

Section 451.58 - Consultant

Section 451.59 - Contractor

Section 451.60 - Contractual adjustment

Section 451.61 - Contributed capital

Section 451.62 - Contributed services

Section 451.63 - Control

Section 451.64 - Control (or controlling) account

Section 451.65 - Cost

Section 451.66 - Cost allocation

Section 451.67 - Cost centers

Section 451.68 - Cost-finding

Section 451.69 - Courtesy allowances

Section 451.70 - Current assets

Section 451.71 - Current liability

Section 451.72 - Daily inpatient census

Section 451.73 - Date of acquisition

Section 451.74 - Deductible

Section 451.75 - Deferral (or deferment)

Section 451.76 - Deferred charges

Section 451.77 - Definition

Section 451.78 - Depreciation

Section 451.79 - Department

Section 451.80 - Development period

Section 451.81 - Direct cost

Section 451.82 - Direct expense

Section 451.83 - Discount earned

Section 451.84 - Distribution

Section 451.85 - Donated services

Section 451.86 - Donated supplies

Section 451.87 - Earned

Section 451.88 - Employee benefit

Section 451.89 - Encumbrance (governmental accounting)

Section 451.90 - Endowment fund

Section 451.91 - Enterprise

Section 451.92 - Equity

Section 451.93 - Equity ownership

Section 451.94 - Examination

Section 451.95 - Exception

Section 451.96 - Exhibit

Section 451.97 - Expected life

Section 451.98 - Expenditure

Section 451.99 - Expense

Section 451.100 - Expense center

Section 451.101 - Expired cost

Section 451.102 - External audit

Section 451.103 - Extraordinary depreciation

Section 451.104 - Facility

Section 451.105 - Fair market value

Section 451.106 - Fidelity bond

Section 451.107 - Fiduciary

Section 451.108 - Financial accounting

Section 451.109 - Financial Accounting Standards Board (FASB)

Section 451.110 - Financial statement

Section 451.111 - Fiscal year

Section 451.112 - Fixed asset

Section 451.113 - Fixed capital

Section 451.114 - Fixed cost (or expense)

Section 451.115 - Fringe benefit

Section 451.116 - Functional

Section 451.117 - Functional

Section 451.118 - Functional accounting

Section 451.119 - Fund

Section 451.120 - Fund account

Section 451.121 - Fund accounting

Section 451.122 - Fund asset

Section 451.123 - Fund balance

Section 451.124 - Fund balance sheet

Section 451.125 - Funded debt

Section 451.126 - Funded reserve

Section 451.127 - Fund group

Section 451.128 - Fund liability

Section 451.129 - Funds held in trust by others

Section 451.130 - Generally accepted accounting principles

Section 451.131 - Generally accepted auditing standards

Section 451.132 - General journal

Section 451.133 - General ledger

Section 451.134 - Generally accepted

Section 451.135 - Gross

Section 451.136 - Group I equipment

Section 451.137 - Group II equipment

Section 451.138 - Group III equipment

Section 451.139 - HFMA

Section 451.140 - Historical cost

Section 451.141 - Home office

Section 451.142 - Hospital

Section 451.143 - Imprest cash

Section 451.144 - Imprest fund

Section 451.145 - Imprest system

Section 451.146 - Improvement

Section 451.147 - Imputed value of services rendered

Section 451.148 - Income realization

Section 451.149 - Income statement

Section 451.150 - Increment

Section 451.151 - Indirect cost

Section 451.152 - Indirect liability

Section 451.153 - Initial occupancy period

Section 451.154 - Initial occupancy expense

Section 451.155 - Inpatient

Section 451.156 - Inpatient admission

Section 451.157 - Inpatient bed count

Section 451.158 - Inpatient bed count day

Section 451.159 - Inpatient bed count days (total)

Section 451.160 - Inpatient bed occupancy ratio

Section 451.161 - Inpatient census

Section 451.162 - Inpatient discharge

Section 451.163 - Intangible assets

Section 451.164 - Interfund transfer

Section 451.165 - Interest

Section 451.166 - Interest on capital indebtedness

Section 451.167 - Internal control

Section 451.168 - Inventory

Section 451.169 - Inventory control

Section 451.170 - Inventory valuation

Section 451.171 - Invested capital

Section 451.172 - Ledger control

Section 451.173 - Length of stay (for one patient)

Section 451.175 - Leasehold improvements

Section 451.176 - Liability

Section 451.177 - Licensed bed capacity

Section 451.178 - Limited-life asset

Section 451.179 - Liquid asset

Section 451.180 - Living trust funds

Section 451.181 - Maintenance

Section 451.182 - Management

Section 451.183 - Materiality

Section 451.184 - Matrix inversion

Section 451.185 - Medical recipient

Section 451.186 - Medical services

Section 451.187 - Medicare

Section 451.188 - Multi-facility provider

Section 451.189 - Net worth

Section 451.190 - Nominal account

Section 451.191 - Nonallowable cost

Section 451.192 - Nonoperating revenue

Section 451.193 - Nonprofit corporation

Section 451.194 - Nonrestricted funds

Section 451.195 - Nonrevenue-producing cost centers

Section 451.196 - Object classification

Section 451.197 - Obsolescence

Section 451.198 - Occasion of service

Section 451.199 - Occupancy expense

Section 451.200 - Operating budget

Section 451.201 - Operating cost (or expense)

Section 451.202 - Operating income (or profit)

Section 451.203 - Operational period

Section 451.204 - Organizational unit

Section 451.205 - Original cost

Section 451.206 - Outpatient

Section 451.207 - Outstanding

Section 451.208 - Overhead

Section 451.209 - Owner

Section 451.210 - Paid-in capital

Section 451.211 - Part A and Part B services

Section 451.212 - Patient day

Section 451.213 - Payroll distribution

Section 451.214 - Permanent financial occupancy date

Section 451.215 - Per patient day costs (PPD)

Section 451.216 - Petty cash fund

Section 451.217 - Plant

Section 451.218 - Plant replacement and expansion funds

Section 451.219 - Pooled investments

Section 451.220 - Pre-operating expenses

Section 451.221 - Prepaid expense

Section 451.222 - Principal

Section 451.223 - Proprietary accounts

Section 451.224 - Prorate

Section 451.225 - Prudent buyer concept

Section 451.226 - Purchased services

Section 451.227 - Quick asset

Section 451.228 - Reasonable cost

Section 451.229 - Related organization

Section 451.230 - Repair

Section 451.231 - Replacement

Section 451.232 - Replacement cost

Section 451.233 - Residential health care facility

Section 451.234 - Responsibility accounting

Section 451.235 - Restricted funds

Section 451.236 - Retained earnings (or income)

Section 451.237 - Retirement of indebtedness funds

Section 451.238 - Return on capital investment

Section 451.239 - Revenue

Section 451.240 - Revenue-producing cost centers

Section 451.241 - Revolving fund

Section 451.242 - Round off

Section 451.243 - Schedule

Section 451.244 - Service cost

Section 451.245 - Share of pooled investments

Section 451.246 - Sinking fund

Section 451.247 - Special purpose fund

Section 451.248 - Specific purpose funds

Section 451.249 - Stepdown method

Section 451.250 - Straight-line method

Section 451.251 - Tangible assets

Section 451.252 - Temporary funds

Section 451.253 - Term endowment funds

Section 451.254 - Trial balance

Section 451.255 - Trade discount

Section 451.256 - Total inpatient service days

Section 451.257 - Total length of stay (for all inpatients)

Section 451.258 - Unit of service

Section 451.259 - Unrestricted funds

Section 451.260 - Useful life

Section 451.261 - Valuation account (or reserve)

Section 451.262 - Weighted average