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Prior to beginning work on this discussion, read Chapters 1, 2 and 3 of the textbook on the four elements of financial management. Additionally, you will need to read the What is GAAP? web page and review the An Overview of Management Accountingwebsite.

In your initial post, describe a real-world example of each element by applying it to the operations or planning of a business where you have worked. Next, choose one of the elements and give an example of how you would apply it as the manager for a health care facility (i.e., primary care physician’s practice, a specialty practice, long-term care, clinic, hospital, etc.).

Your initial post should be between 250 and 300 words and cite the textbook and/or the required resources listed/linked in the directions using APA format as outlined in the Writing Center’s Introduction to APA resource.

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