Analyzing Financial Position

Apa format cited and referenced appropriately

phase 2 Individual Project

2-3 pages

Details:

Weekly tasks or assignments (Individual or Group Projects) will be due by Monday, and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.

The CEO of a 400-bed hospital has scheduled a board of directors meeting to discuss the current financial situation of the hospital and steps that need to be done to correct some current problems. The CFO needs to send each board member an explanation of the financial statements that they will be discussing. You are the Director of Finance and he has asked you to put together a memo, explaining each statement. Do the following:

Provide a copy of the most common four statements used within your hospital and what information is available in each.
Make sure you explain each main components/section of each statement.

NOTE: You can develop your own set of statements or research and pull healthcare financial statements online.

Answer preview

To: Board of directors

From: Director of finance (Chief Financing Officer)

Date: September 1, 2014

Subject: Health care financial statements

Financial statements used in hospitals

Financial statements are a representation of the financial status of the hospital. They include the balance sheet, the income statement, the statement of retained earnings and the statement of cash flows. Each of the financial statements usually shows the different activities that occur in the hospital fraternity. They can be prepared at any time of the year (Peterson & Fabozzi, 2012). …………………..

WORD COUNT:772WORDS

FORMAT:APA