Write a 750-word paper in which you discuss generally accepted accounting principles relating to health care. Include a brief description of each principle and the intention behind the principle. Relate each principle to health care. Format your paper consistent with APA guidelines. ANSWER:

Generally Acceptable Accounting Principles in Healthcare Generally Accepted Accounting Principles (GAAP) are used to standardize the preparation of financial statements for business and the procedure of financial accounting. GAAP are basically a modus operandi, recognized by the FASB [Financial Accounting Standards Board], that supply a structure for formal accounting structure that maintain track of the economic health and well-being of organization such as, non-profit organizations and...