Question: Understanding basic accounting principles is imperative to the healthcare manager's role. Reading a balance sheet and recognizing the importance of cash flow are skills that

Understanding basic accounting principles is imperative to the healthcare manager's role. Reading a balance sheet and recognizing the importance of cash flow are skills that are compulsory to this function. With this in mind, discuss the following:

Discuss the most important headings in a balance sheet and what the summary numbers mean.
Explain 4-5 reasons why cash flow is important to a healthcare organization.

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