In Accounting, Emphasis Is Placed on Determining Net Income in Accordance

question 3

True/False

In accounting, emphasis is placed on determining net income in accordance with generally accepted accounting principles.In finance, the primary emphasis is also on net income because that is what investors use to value the firm.However, a secondary financial consideration is cash flow, because cash is needed to operate the business.

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Definitions:

Health Care Costs

The expenses associated with medical services and products, including treatment, medications, hospital stays, and health insurance.

Managed Care

A health care delivery system aimed at managing cost, quality, and utilization of services, often involving pre-arranged networks of providers and significant oversight of care.

Satisfaction

The state of being content or pleased with an outcome, service, or situation.

Quality of Care

The degree to which health care services for individuals and populations increase the likelihood of desired health outcomes and are consistent with current professional knowledge.