Abstract
Double-entry accounting has been used since ancient times to properly account for costs and revenue. From double-entry accounting, we derive the three basic financial statements: income statement, balance sheet, cash flow statement. These basic financial statements are used to assess a business and to help plan strategy. In this chapter, we will discuss basic accounting principles and the use of financial statements relevant to a practicing physician.
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Yahoo Finance. https://finance.yahoo.com/quote/F/cash-flow?p=F. Accessed 1 January 2019.
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Kahn, M.J., Baum, N. (2020). Basic Accounting and Interpretation of Financial Statements. In: Baum, N., Kahn, M. (eds) The Business Basics of Building and Managing a Healthcare Practice. Springer, Cham. https://doi.org/10.1007/978-3-030-27776-5_3
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DOI: https://doi.org/10.1007/978-3-030-27776-5_3
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Publisher Name: Springer, Cham
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Online ISBN: 978-3-030-27776-5
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