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MHC 6305 (Financial Management of Healthcare Organization..Please answer the questions below. 1. Explain the Comparison and contrast the similarities and differences between financial accounting and
MHC 6305 (Financial Management of Healthcare Organization..Please answer the questions below.
1. Explain the Comparison and contrast the similarities and differences between financial accounting and managerial accounting?
2. What are three reasons why the use of GAAP is important when reporting financial statements? 3.
3. Explain the accounting approach that must recognize generally accepted accounting principles (GAAP)?
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