Unit 3
Financial Statements and Accounting Concept
Choose one of the following:
1. The income statement, balance sheet, and statement of cash flows are three major financial statements that present varying snapshots of an organization’s financial position. For this topic discussion, consider a healthcare organization with which you are familiar with and examine the purposes and components of these documents. How they may be utilized within healthcare organizations?
2. Consider a healthcare organization with which you are familiar with and explain the difference between cash and accrual accounting in healthcare setting. Be sure to include a discussion of the revenue recognition and matching principles.
