Assignment:
Budgets, balance sheets, and other accounting tools provide a wealth of information for managers, but only if they know what they are looking at. It is time to learn the language and rules of finance!
To prepare for this Discussion, complete the readings in your Learning Resources. Think about the financial decisions of many health care settings.
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 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.
Resources:
Donal, B., & Cebenoyna, F. (2007). Alternative evidence on financial analysts' use of financial statement information. Review of Accounting & Finance, 442.
Murty, A. V. N., & Misra, D. P. (2004). Cash flow ratios as indicators of corporate failure. Finance India, 18(3), 1315-1325.
Palmer, M., & Sanders, T. B. (2008). Going concern debt rations: is the firm safe? Corporate Finance Review, 13(3), 25-33.