Financial reporting is critical to the success of any organization because this is how managers and other stakeholders e

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Financial reporting is critical to the success of any
organization because this is how managers and other stakeholders
evaluate the sustainability and profitability of an
organization. The healthcare industry accounts for nearly 20%
of the US GDP as of 2018 (BEA, 2019). While there is guidance
for financial reporting to the respective government agencies,
there is no consistency in the development of financial reports
among private healthcare organizations. Discuss the
importance of consistent financial reports across all healthcare
organizations. Support your statements with research and post
your discussion in a few paragraphs.