Hcs380 Wk 2 Discussion

As a health care manager, you may have to explain your budgeting variances to your leadership team. Understanding how accounting records transactions will assist you in justifying your situation. Watch these videos as you prepare to respond to the discussion prompts: • The Accounting Formula • Accrual vs. Cash Accounting • Methods of Inventory Management Respond to the following: • What are your takeaways from the videos? • Why is it important as a non-accounting employee to understand the accounting methods and how financial statements are created? Provide an example.