Do these accounting protocols change the preparation

Reference no: EM133608083

Question: Cash basis and accrual are two forms of accounting used by healthcare entities. Explain the difference between these two accounting formats. Which accounting methodology would be used by a hospital, and which would be used by a small medical practice? Do these accounting protocols change the preparation of financial accounting statements? Which protocol requires auditing and a formal report by the auditing accounting firm?

Reference no: EM133608083

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