Download or read book The Doctor's Guide to Owning a Financially Healthy Practice written by Wayne A. Label and published by Trafford Publishing. This book was released on 2010-07 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: Health care professionals who want to be successful don't turn over their accounting to a bookkeeper and forget about it. You must understand your finances and keep them in order to operate a profitable practice. Join Dr. Sarah with the Desert Medical Care Co., a fictitious firm, as she navigates the world of accounting to establish a successful practice. Enrich your professional and personal life with explorations of the following: - Generally Accepted Accounting Principles and how to abide by them; - The components of the balance sheet; - The transactions that affect the income statement; - The importance of cash flow your business; - The benefits of working with a certified public accountant; - The advantages of budgeting. Transactions become more complex and varied for Dr. Sarah as she expands her business. The foundation of it all, however, remains a basic understanding of accounting. Get the solid foundation you need and avoid the mistakes that could wreck everything you've worked so hard for in The Doctor's Guide to Owning a Financially Healthy Practice.