Financial Management Discussion

Discussion postings should be written in standard edited English and should follow APA guidelines. Be sure to support your work with specific in-text citationsfrom this week's Learning Resources. Refer to the Pocket Guide to APA Style to ensure that your in-text citations and reference list are correct. Initial postings must be 250-350 words (not including references).

Choose one of the following:

1. The income statement, balance sheet, and statement of cash flows are three major financial statements that present varying snapshots of an organization's financial position. For this topic discussion, consider a healthcare organization with which you are familiar with and examine the purposes and components of these documents. How they may be utilized within healthcare organizations?

2. Consider a healthcare organization with which you are familiar with and explain the difference between cash and accrual accounting in healthcare setting. Be sure to include a discussion of the revenue recognition and matching principles.