Assets = Liabilities + Net assets + (Net Rev –Expenses) Statement of Cash Flow:The statement of cash flow shows the organization’scash flow, that is, the amounts of cash receipts and where they came from, and the amounts of cash disbursements and where they went, during the statement period. The statement is often divided into cash flows from operations, cash flows from investment, and cash flows from financing, including restricted income and contributions (in not-for-profit organizations). Each of these activity segments of the cash flow statement play important roles in the management of a typical healthcare organization. The generally accepted accounting principles, or GAAP, require that the cash flow statement is presented with the rest of the financial reports. Statement of Changes in Net Assets:The statement of changes in net assets, called equity in a for-profit organization, shows the reason why net assets changed from the beginning of the statement period to the end of the statement period as reported in summary fashion on the balance sheet. The change in net assets is used by nonprofit entities. The change measure reveals the change in assets derived from revenues, expenses, and any releases on the restrictions of assets during the period. A positive change generally indicates that a nonprofit entity is appropriately managing its donated and/or developed resources. Sources for Financial Statement Information There are numerous sources where you can obtain financial information for hospitals and health care entities. Many organizations make the financial statements available on the company website. You will find that for-profit firms’documents are easier to obtain due to their mandated reporting requirements to the Securities and Exchange Commission (SEC). While there are numerous reporting requirements
Subscribe to view the full document.
Balance Sheet, Financial Analysis and Management Reporting, use of a common set of financial statements
As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.
Temple University Fox School of Business ‘17, Course Hero Intern
I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.
University of Pennsylvania ‘17, Course Hero Intern
The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.
Tulane University ‘16, Course Hero Intern
Ask Expert Tutors
You can ask 0 bonus questions
You can ask 0 questions (0 expire soon)
You can ask 0 questions
(will expire )