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

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

Why is Accounting Needed and the 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.