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Identify basic accounting principles as they apply to the ambulatory setting. 

Define basic accounting terms and concepts. 

State the basic accounting equation.

Defining Terms Instructions:

Explain the following accounting and Generally Accepted Accounting Principle terms and provide an example of how they relate to the health care accounting field:  accounting equation  asset  liability  net assets In addition, explain the following generally accepted accounting principles and provide examples of how they relate to the health care accounting field:  going concern  conservatism  matching  cost  objective evidence  materiality  consistency  full disclosure