Financial Management > Accounting > Financial accounting basics, concepts and assumptions

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Subtopics:  Accounting cycle, Cash versus accrual basis of accounting, Definitions of basic terms, GAAP

Learning Objectives:

Undergraduates should be able to 
  1. Explain the fundamental concepts and assumptions of Generally Accepted Accounting Principles
  2. Describe the current regulatory environment of healthcare accounting
 Graduate students should
  1. Apply the fundamental concepts and assumptions of Generally Accepted Accounting Principles to explain the financial operations of a given healthcare organization
  2. Explain the financial assumptions underlying the financial performance of a healthcare organization
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