Health Care Organizations Questions Paper

Health Care Organizations Questions Paper

  • Please answer the following questions, you may copy and complete on a Word Document:
  1. Why is accounting important for health care organizations?
  2. Is it appropriate for health care organizations to make a profit?
  3. Is it reasonable to assume that the numbers reported on financial statements will be precisely accurate?
  4. Why is there a strong focus on liquid assets?
  5. What was the original purpose of fund accounting? Do you believe fund accounting is still a useful technique?
  6. What are the purposes of an independent audit?
  7. What is the difference between a “fair representation” and a “fair representation in accordance with GAAP”?
  8. What is the difference between an auditor’s management letter and the opinion letter?Health Care Organizations Questions Paper
  9. Why is it important to know where the organization’s cash comes from and where it goes?
  10. Do the four financial statements provide adequate information for managerial purposes? Explain

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  • Please answer the following questions, you may copy and complete on a Word Document:
  1. Why is accounting important for health care organizations?
  2. Is it appropriate for health care organizations to make a profit?
  3. Is it reasonable to assume that the numbers reported on financial statements will be precisely accurate?
  4. Why is there a strong focus on liquid assets?
  5. What was the original purpose of fund accounting? Do you believe fund accounting is still a useful technique?
  6. What are the purposes of an independent audit?
  7. What is the difference between a “fair representation” and a “fair representation in accordance with GAAP”?
  8. What is the difference between an auditor’s management letter and the opinion letter?
  9. Why is it important to know where the organization’s cash comes from and where it goes?
  10. Do the four financial statements provide adequate information for managerial purposes? Explain

Health Care Organizations Questions Paper

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