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Discussion 4.1: Healthcare Organizations I Actions for 'Discussion 4.1: Healthcare Organizations Please post to the Discussion Board your response to the following: Discuss some of the ways in which...

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Discussion 4.1: Healthcare Organizations I Actions for 'Discussion 4.1: Healthcare Organizations

Please post to the Discussion Board your response to the following:

Discuss some of the ways in which accounting for health care organizations (HCOs), especially not-for-profit (NFP) ones, tend to differ from accounting in other industries.

  • Remember to compare and contrast in your discussion.
  • Cite any references you have used such as the text or Internet.

Your initial posting should be at least 200 words in length

Answered Same Day Dec 25, 2021

Solution

Robert answered on Dec 25 2021
118 Votes
Discussion 4.1
It is quite obvious for the accounting system of the not-for-profit health care
organizations (HCOs) to differ from the accounting system followed by for-profit organizations
elonging to other industries. Such differences owe their origin to the differences that are there
etween the concerned industries, their objectives, and their modes of operation. In case of not-
for-profit HCOs, the primary objective of the accounting system is to ensure that proper care is
taken in recording how revenue is greater...
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