Problem:
Question 1) Describe the importance of generally accepted accounting principles (GAAP) in deriving financial information for evaluating the financial performance of integrated health organizations, while understanding the general importance of fund accounting as it relates to the hospital and healthcare industry.
Question 2) Explain how to assess the scope of business being reviewed when using financial statements and how to develop scoreboards and dashboards reporting mechanisms for hospital viability.
Question 3) Describe the critical drivers of financial performance by seeking a new perspective on hospital financial ratio analysis and the relevant healthcare financial measures derived from financial statement analysis.
Provide thorough explanation of the given question.