Similarities and differences in accounting and reporting


Problem:

Outline some of the similarities and differences in accounting and reporting among (a) private, not-for-profit health care organizations, (b) governmental health care organizations, and (c) private, for-profit health care organizations. Include the sources of GAAP, accounting and reporting for equity accounts, and statements required.

Your boss at your accounting firm wants to start offering accounting services to health care organizations and would like your team to brief your entire department on the fundamentals as outlined in problem 12-4.

Please review these resources:

https://web.uvic.ca/~sdoyle/E302/Notes/WritingBriefingNotes.html

https://academicskills.anu.edu.au/resources/handouts/writing-briefbriefing-note

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Accounting Basics: Similarities and differences in accounting and reporting
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