Answer the 6 questions and write 3-5 comments. 1. Why is accounting important for health care organizations?

Answer the 6 questions and write 3-5 comments. 1. Why is accounting important for health care organizations?

Answer the 6 questions and write 3-5 comments.
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. Who can restrict the use of the organization’s assets? Who can remove restrictions?

6. What is the difference between charity care and a bad debt?

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