3.1. a. What is a stakeholder? b. Which stakeholders are most interested in the financial condition of a healthcare provider? c. What is the goal of financial accounting?

3.2. a. What are generally accepted accounting principles (GAAP)?

b. What is the purpose of GAAP? c. What organizations are involved in establishing GAAP?

3.4. Explain the difference between cash accounting and accrual accounting. Be sure to include a discussion of the revenue recognition and matching principles.

3.5. Briefly describe the format of the income statement.