Problem: As a health care manager, you'll be surprised how often you'll use and encounter financial data as part of your daily operations.
Watch these videos as you prepare to respond to the discussion prompts:
- Why Learn Health Care Accounting?
- What Is the Role of Accounting in Business?
Respond to the following:
1. What is your current understanding of accounting in the health care industry? How would you describe it to a friend?
2. How does financial accounting differ from managerial accounting? Which do you think you'll interact with more in the industry? Explain.
3. What is a specific example of how you may use financial data or financial statements in your health care career?