Question

Please answer the following as the director of the health information management department of your organization

1.      Which type of accounting (financial, managerial, or fund) are you most likely to use in your day-to-day management activities?

2.      Why? Support your choice by explaining how you would use the chosen type of accounting by providing a detailed explanation of a managerial report you would use.

3.      Explain briefly why the other accounting approaches would not be appropriate for Health Information Management.

Answer 1

1-) As a direction of health information . management clipartment. I most likely to Use . Managerial accounting in my day to day to management accounting achrichies: 2-) because it is used to help manager's make decesion that increases the organisation's operatione effechwoners and efficiency Managerial accounting is the type of accounting that provides quicke information to the managers and decesion makers within the company or organisation! The Role of management accountant include Collecting Recording and Reporting datas from various units of the organization robscrue and analize their bulged and suggest their funding and allocation Time this is very important for making Company's management. Health information management department is associated with the firm's operations, the serial accounts is more concerned with onal reports which are only distributed e menagerial and oporabonal rep

within a company, Handards, Financial accounting and found accounting is comply with various accounting Standards, where as managerial accounting does not comply with any standard when when information is to compiled for internal Consumption. The main objechne of managerial accounting ů to provide cleefull information for Company's internal we Business monagore collect informator that encourages stratergice plening helps them to set realistic Goals, where other accounts are designed to disclose the firms business performance and financial health CS Scanned with CamScanner