HCA 312 UArizona Global Campus Elements of Financial Management Discussion

Prior to beginning work on this discussion, read Chapters 1, 2 and 3 of the textbook on the four elements of financial management. Additionally, you will need to read the What is GAAP? (Links to an external site.) web page and review the An Overview of Management Accounting (Links to an external site.) website.

In your initial post, describe a real-world example of each element by applying it to the operations or planning of a business where you have worked. Next, choose one of the elements and give an example of how you would apply it as the manager for a health care facility (i.e., primary care physician’s practice, a specialty practice, long-term care, clinic, hospital, etc.).