Week 2 will discuss financial accounting, which involves the preparation of a business’s financial statements. It will introduce basic financial accounting concepts and explain how organizations report financial performance, specifically revenues, costs, and profits. It will cover the reporting of financial status, which stems from an organization’s assets, liabilities, and equity, and the reporting of cash flows.Your Learning Objectives for the Week:Develop, analyze, and draw conclusions from a healthcare organization’s budget.Conduct a financial statement analysis and identify strategic and operational strengths and vulnerabilities.
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