Generally accepted accounting principals

Reference no: EM1366694

Some generally accepted accounting principals (GAAP) apply only to health care, and there are many health care organizations that use other comprehensive bases of accounting when GAAP does not apply? For instance, an HMO that must report to a government regulatory agency using that agency's guidelines instead of GAAP. What is so unique about health care that it would cause accounting principles to change?

Reference no: EM1366694

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