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What is your current understanding of accounting in the health care industry? How would you describe it to a friend?

HCS/380: Health Care Accounting

Wk 1 Discussion: Beginning with Accounting [due Thurs]

Accounting Foundations

Wk 1 Acknowledgement: Tutor.com™ Resource Availability

Discussion Topic

As a health care manager, you’ll be surprised how often you’ll use and encounter financial data as part of your daily operations.

Watch these videos as you prepare to respond to the discussion prompts:

• Why Learn Health Care Accounting?

Video with transcript

By Humberto Munoz, BPham, CPh, MHSA- University of Phoenix

• What Is the Role of Accounting in Business?

Video with transcript

By Humberto Munoz, BPham, CPh, MHSA- University of Phoenix

Respond to the following:

• What is your current understanding of accounting in the health care industry? How would you describe it to a friend?

• How does financial accounting differ from managerial accounting? Which do you think you’ll interact with more in the industry? Explain.

• What is a specific example of how you may use financial data or financial statements in your health care career?

Response Requirements

• By Thursday, respond to the prompt above in a minimum of 175 words.

• By Monday, post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to classmates or your faculty member.

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