Posted: July 14th, 2022

Financial reporting is critical to the success

Applied Sciences homework help

Financial reporting is critical to the success of any organization because this is how managers and other stakeholders evaluate the sustainability and profitability of an organization. The healthcare industry accounts for nearly 20% of the US GDP as of 2018 (BEA, 2019). While there is guidance for financial reporting to the respective government agencies, There is guidelines for private healthcare organizations to follow when reporting their financial information to the appropriate government agencies; nevertheless, there is no consistency in the preparation of financial reports among these institutions.there is no consistency in the development of financial reports among private healthcare organizations. Discuss the importance of consistent financial reports across all healthcare organizations. Support your statements with research and post your discussion in a few parag

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