Question: 1. Explain key elements that are driving changes in health care delivery and customer satisfaction.
2. Describe key approaches to controlling health care costs and resulting ethical issues.
3. What do you mean by financial statements in health care entities ? Explain the importance of these financial statements for Health care industry.
4. Explain and interpret the basic financial statements with any suitable example particular to business-oriented health care entities: the balance sheet, the statement of operations, the statement of changes in net assets, and the statement of cash flows.
5. Explain the procedure of recording business transactions in books of accounts with any appropriate example.