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Discipline: Health care Financial Management

Provide citations to both explanations
Discipline: Health care Financial Management
Discuss this question Question One:
Explain the difference between the accrual basis of accounting and the cash basis of accounting. What are the major reasons for using accrual accounting in healthcare?
Brief example:
Discuss this Question briefly Two:
Give an example how it can work in a daily setting
In healthcare what are the major differences in recording transactions for a for-profit organization versus a not-for-profit, or are there any?
Reference:
Zelman, W., McCue, M., Millikan, A., & Glick, N. (2009). Financial management of health care organizations (3rd ed.). Blackwell Publishing.

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