Question: Explain how the basic accounting rule under the accrual principle might differ for you as an individual (or family) from those applied in a healthcare

  • Explain how the basic accounting rule under the accrual principle might differ for you as an individual (or family) from those applied in a healthcare setting.
  • Explain how financial statements might be used to demonstrate the financial health of a healthcare setting.
  • Provide an example of how a manager would use a financial statement to improve the financial performance of a department in a healthcare setting.

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