Understanding and managing finances are important skills that a physician needs to keep a practice successful and functioning effectively, and to identify areas of weakness that may hinder financial health.

This course covers:

• Key aspects of financial record-keeping and how to interpret basic financial statements, including balance sheets and income statements
• Tax planning and managing accounts receivable
• Requirements for a basic bookkeeping system and the best ways to track and maintain data
• Using reports to manage your practice, and how to compare against benchmarks to interpret the practice's financial health
• How to implement security for your accounting system, and how to set up internal controls to prevent theft