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Relationship between finance and accounting, and how they operate to determine financial viability within a health care organization.

Describe the relationship between finance and accounting, and how they operate to determine financial viability within a health care organization.

283 words

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Accounting is the recording of information about finances. This includes the reports, the statements, the information dissemination to the appropriate stakeholders, regulators, government agencies and the public. Finance is the decisions on how to spend the funds of the company. Financing uses the reports of accounting, which supplies the information about the performance of the company. This information is about the past and finance is about the ...

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