SEvidence-Based Practicum
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Turned Leaf Academy

Financial Controller Academy

A 12-week interactive controller training program covering business math, accounting, QuickBooks, healthcare revenue cycle, budgeting, EBITDA, internal controls, KPIs, and executive reporting.

How this works: Every week's lesson is embedded on this page. Open a week, read the Core Lesson and Study Guide, complete the assignment, then take the quiz. You need ≥ 80% on all 12 quizzes and every assignment checked to unlock the certificate.
Required lesson before quiz

Learning Objectives

  • Explain how Turned Leaf Psychiatry earns revenue.
  • Differentiate revenue, expenses, profit, and cash flow.
  • Describe the healthcare revenue cycle.
  • Identify fixed and variable expenses.

Core Lesson

What a Financial Controller Does

A Financial Controller makes sure financial information is accurate, timely, and useful. The role includes monitoring revenue, expenses, accounts receivable, cash flow, budgets, and financial reports.

How Money Flows Through the Practice

  1. Appointment is scheduled.
  2. Insurance and patient responsibility are verified.
  3. The patient receives services.
  4. The clinical note and charge are completed.
  5. The claim is submitted.
  6. The payer adjudicates the claim.
  7. Insurance and patient payments are collected.
  8. Deposits are matched and posted.
  9. Transactions are categorized in QuickBooks.
  10. Reports are reviewed by leadership.

Revenue vs. Profit

Revenue is money earned before expenses. Profit is what remains after expenses. Cash flow measures money actually moving into and out of the business.

Study Guide

Controller responsibilities

A controller verifies that transactions are complete and correctly classified, reconciles accounts, reviews accounts receivable, compares actual results with the budget, and communicates risks and recommendations to leadership.

Fixed and variable costs

Fixed costs usually stay relatively stable over the short term, such as rent and recurring software subscriptions. Variable costs change with activity, such as merchant fees, hourly labor, and some supplies.

Cash flow warning

Revenue can be recorded or earned before cash is received. A profitable practice can still have trouble paying bills when insurance collections are delayed.

Practical Assignment

Create a one-page diagram showing how money moves from patient scheduling through final payment and QuickBooks posting.

Weekly Quiz

1. What is the primary purpose of a Financial Controller?

2. Revenue means:

3. Which is usually a fixed expense?

4. Why can a profitable company still experience financial trouble?

5. Which activity belongs in the revenue cycle?

Certification Dashboard

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