Health Services Management Finance Discussion Questions (6)Experts only! Scholarly responses are required.*Please answer each question individually and accurately. Must cite any and all references in APA format.Label each solution with the corresponding question. Copy and pasted solutions will NOT be accepted.Minimum 2-3 quality paragraphs per questionPart A: Accounting Conventions and Methods1. Discuss the accounting conventions that affect the application of accounting principles.2. Managerial accounting is the link between financial accounting and the manager. To what extent doyou agree or disagree with this statement?3. What is Consumer Price Index (CPI)? For restating financial statements to convert to constant dollars,the Financial Accounting Standards Board (FASB) use CPI. What is the role of FASB?Part B: Financial Performance1. Explain why it is important to know the scope of business being reviewed when using financialstatements.2. Financial reporting communicates to all stakeholders the current standing of the organizations. Itkeeps the leaders and board abreast with time. Managers are able to use the reports to steer theorganization in the right direction. Class, what is balance scorecard? Describe the balance scorecard anddashboard reporting. What are some of the importance of these reports?3. What is the difference between Operating expenses and operating revenue?
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