How are financial statements used to demonstrate the financial health of a health care setting?

4

Post a comprehensive response to the following:

  • How might the basic accounting rules under the accrual principle differ for you as an individual (or family) from those applied in a health care setting?
  • How are financial statements used to demonstrate the financial health of a health care setting? Select three key terms from the chapters (pp. 180 & 206) and explain how those key factors influence financial reporting in health care.

Be sure to support your work with specific citations from this week’s Learning Resources and/or additional scholarly sources as appropriate. Your citations must be in APA format. Refer to the Essential Guide to APA Style for Walden Students to ensure your in-text citations and reference list are correct.