Activity ID
2538Expires
December 31, 2025Format Type
InternetCME Credit
5Fee
$475CME Provider: American Association for Physician Leadership
Description of CME Course
Register for Foundations of Financial Accounting, and explore the language of accounting. The course offers insights on how to record business activities and interpret financial statements. Physician leaders who enroll can gain an understanding as to why financial accounting is so often political and controversial.
Topics include:
- The Structure and importance of the four major financial statements
- The accrual accounting framework
- Transactions and adjustments via the accounting process
- Ongoing accounting challenges and options faced by organizations
ABMS Member Board Approvals by Type
ABMS Lifelong Learning CME Activity
Allergy and Immunology
Anesthesiology
Colon and Rectal Surgery
Family Medicine
Nuclear Medicine
Pathology
Preventive Medicine
Psychiatry and Neurology
Radiology
Thoracic Surgery
Urology
Commercial Support?
NoNOTE: If a Member Board has not deemed this activity for MOC approval as an accredited CME activity, this activity may count toward an ABMS Member Board’s general CME requirement. Please refer directly to your Member Board’s MOC Part II Lifelong Learning and Self-Assessment Program Requirements.
Educational Objectives
Review the structure of the four major financial statements and their importance
Prepare simple financial statements using accounting equation format
Explain the accrual accounting framework
Apply transactions and adjustments via the accounting process
Describe the debit/credit format and the need for closing entries
Identify financial statements in 10-K reports and their applicable metrics
Examine the ongoing accounting challenges and options faced by organizations
Keywords
Leadership, finance
Competencies
Interpersonal & Communication Skills
CME Credit Type
AMA PRA Category 1 Credit
Physician Well-being activity
Efficiencies in Medical Practice
Practice Setting
Physician Executives
