Generally Accepted Accounting Principles in Healthcare


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Essay #: 061812
Total text length is 10,474 characters (approximately 7.2 pages).

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The beginning:
Generally Accepted Accounting Principles in Healthcare
GAAP or “generally accepted accounting principles” are basically a “set of rules used as a basis for financial reporting” (Finkler & Ward, 2005, p. 19). The Auditing Standards Board (ASB) defines GAAP as “a technical accounting term that encompasses the conventions, rules, and procedures necessary to define accepted accounting practice at a particular time” (as cited in Epstein, Nach & Bragg, 2009, p. 1). These include both broad guidelines of general application, as well as detailed practices and procedures and they provide a standard by which to measure financial presentation” (Epstein, Nach & Bragg, 2009, p. 1). GAAP are issued in the United States by the Financial...
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.....policy implications of the accounting conservatism doctrine: The case of premium rate regulation in the HMO industry. ScienceDirect. Retrieved July 28, 2010, from
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