Question Details

HCS 577
WEEK 2
GAAP
Some generally accepted accounting principals (GAAP) apply only to health care, and there are many health care organizations that use  other comprehensive bases of accounting when GAAP does not apply—for instance, an HMO that must report to a government regulatory agency using that agency- guidelines instead of GAAP . What is so unique about health care that it would cause accounting principles to change? Talk to someone in your organization or one that you know. What type of accounting principles are used in your organization?