Questions #$2$

a$.$ What are each of the major financial statements commonly called in for$-$profit healthcare entities? In not$-$for$-$profit healthcare entities?

b$.$ Describe the three major sections common to all financial statements.

$3-$ What is the primary accounting equation that describes the balance sheet of a not$-$for$-$profit, business$-$oriented healthcare entity?

$4-$ What is the name of this statement in not$-$for$-$profit health care entities?

C$-$ What are its main sections in not$-$for$-$profit healthcare entities?

$5-$ What are the major reductions of revenue taken to get from gross to net patient service revenue?

What are major components of expenses?

What is the performance indicator?

How do net assets get released from restriction?

$10-$ How does the accrual basis of accounting differ from the cash basis of accounting?