ACC281 Week 1 Discussions 1 and 2

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Discussion 1

Why is Accounting Needed and the Basic Accounting Equation

Review the Basic Accounting Equation. Why is this equation key to understanding the balance sheet, which is one of the foundational financial statements? How would healthcare companies operate without accounting? Review the information contained on the balance sheet and income statement. Explain the importance of this information to the operations of the organization. You must respond to at least two of your classmates’ posts to receive full credit.

Discussion 2.

Health Care Spending

Review the information provided in the Health Care (Links to an external site.)Links to an external site. website. Discuss the major financial challenges of health care reform. You must respond to at least two of your classmates’ posts to receive full credit.

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