Now that you have almost completed Basic Accounting, consider how what you have learned will impact...

Now that you have almost completed Basic Accounting, consider how what you have learned will impact your career in health care administration, as well as how this information can be applied to your household.

In your first post:

Share the concept from this course that you found to be the most valuable to both your future career as well as in managing your household finances.

Do you feel differently about the field of accounting now that you have further studied the subject over the past seven and one-half weeks?

Expert Solution

answer)

Use of accounting in healthcare administration:

1) sometimes the costs may increase over a period of time and how must we increase the price we demand such that the proportionate of surplus won't get disturbed.

2) it helps in computation of our performance with our past performance.

3)It helps in maintainance of equipments and other assets to estimate when they are needed to replaced etc.

4) It helps that how the investments held are to be called.

5) maintainer of books of accounts in clear and transparent manner help in attracting lendors and investors and avoiding government restrictions.

So as in our personal life accounting helps in choosing better investments that give appreciation to put earnings,it analyse out spending and finding the address where we can reduce our expenses and so on.

Accounting definitely help in establishing a good career as it makes me eligible in helping the company where I am working in reducing costs and analysis of performance of company and making good investments and so on.

Yes, I feel differently about accounting as in past I used to think that accounting is just maintainance of books of accounts but now I am able to feel than it is much more than that as it makes me ready to understand the trend in changing accounting policies and how each policy can help my organisation improve its personage which gives me better work satisfaction.

ekkarill92 answered 1 year ago

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Now that you have almost completed Basic Accounting, consider how what you have learned will impact...

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