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A health care organization also needs consistency and organization in financial management. Proper financial management shows strength in the organization and gives patients more faith. In order to have proper financial management, organization, and consistency, many health care organizations use the Generally Accepted Accounting Principles, corporate compliance, and the value of ethics.
Generally Accepted Accounting Principles
The General Accepted Accounting Principles (GAAP) refers to a set of accounting standards that are acknowledged by numerous companies. These principles are set by the Financial Accounting Standards Board...
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