Ashford ACC 281 Week 1 DQ 1 Why is Accounting Needed and Basic Accounting Equation

Review the Basic Accounting Equation.  Why is this equation key to understanding the balance sheet, which is one of the foundational financial statements? How would healthcare companies operate without accounting? Review the information contained on the balance sheet and income statement.  Explain the importance of this information to the operations of the organization. You must respond to at least two of your classmates’ posts to receive full credit