Assets Liabilities Net assets Net Rev Expenses Statement of Cash Flow The

Assets liabilities net assets net rev expenses

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Assets = Liabilities + Net assets + (Net Rev Expenses) Statement of Cash Flow: The statement of cash flow shows the organization’s cash 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
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  • Spring '14
  • eaton
  • Balance Sheet, Financial Analysis and Management Reporting, use of a common set of financial statements

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