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?