?ACC 281 Week 1 DQ 2

How would healthcare companies operate without accounting? Why do we need financial and managerial accounting and what are the fundamental differences between the two? You must respond to at least two of your classmates' postings to receive full credit.

Accounting plays a huge role within healthcare industry. If healthcare companies did not have an accounting department, it would be nearly impossible for it to operate effectively. Without an accounting department, it would be difficult to determine exactly how an organization is doing financially. According to Emporia State University (2013), "Accounting is the language of finance, and accountants are the soldiers on the front lines of financial success. They provide businesses with the data that determines the...