Suggest one (1) key way in which the role of ethics in managerial accounting differs from the role of ethics in financial accounting. Indicate the role that you believe is the most significant within a health care organization. Provide support for your rationale.

Create an argument that explains why financial managers should be concerned with quality initiatives in the health care organization. Provide at least two (2) specific examples of quality initiatives in a health care organization with which you are familiar.

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Suggest one (1) key way in which the role of ethics in managerial accounting differs from the role of ethics in financial accounting. Indicate the role that you believe is the most significant within a health care organization. Provide support for your rationale. Create an argument that explains why financial managers should be concerned with quality initiatives in the health care organization. Provide at least two (2) specific examples of quality initiatives in a health care organization with which you are familiar The purpose of managerial accounting is to provide information to managers within the business. It helps them to make informed and relevant business decisions. Financial accounting on the other hand aims at recording financial transactions of a business. It must follow GAAP and other procedures outlined for this purpose. The reports are meant for users outside the organization also and not just for the managers. Ethics in managerial accounting require that information that is presented to the managers should be presented in a manner that is free from bias and is presented in a fair form. Since there is no standard for of charts, bar and graphs for instance by which data is presented to managers, it is upto the managerial accountants to decide the best way in which data can be presented without influencing the managers unreasonably. Confidentiality is another key ethical issue in managerial accounting (accountingverse.com, 2015). Financial accounting ethics focus more on completeness of information and related disclosures that influence the decisions of users. It focuses more on avoidance of misappropriation, frauds and the like (Small Business - Chron.com, 2015). Confidentiality according to me is the most important ethical issue in a healthcare organization. Every patient wants to keep his personal data confidential. Hence we can conclude that managerial ethics are more important than financial accounting ethics here. In a healthcare organization, quality initiatives will eventually affect profitability. Research by healthcare information companies has proven that the top 100 hospitals in quality also outperformed the other hospitals on both clinical and financial measures (kuchka, 2015). Hence, financial managers should take a keen interest in quality initiatives. We now discuss some quality initiatives in LRGHealthcare (Lrgh.org, 2015). The organization is participating in John Hopkin's Stop BSI initiative. This is a quality and patient safety initiative. As another quality initiative in patient safety efforts, the organization is also participating in a hand hygiene initiative and a Falls Prevention Program. References Small Business - Chron.com,. (2015). What Is an "Ethical Issue" in Financial Accounting?. Retrieved 8 April 2015, from http://smallbusiness.chron.com/ethicalissue-financial-accounting-57889.html accountingverse.com,. (2015). Standards of Ethical Conduct for Management Accountants. Retrieved 8 April 2015, from http://www.accountingverse.com/managerial-accounting/code-of-ethics.html kuchka, d. (2015). Financial Management in Context (1st ed., p. 12). Retrieved from https://www.ache.org/pubs/NowickiCh1.pdf Lrgh.org,. (2015). LRGHealthcare | Quality Initiatives. Retrieved 8 April 2015, from http://www.lrgh.org/Programs-Services/Quality-Safety/Quality-Initiatives 3