The CEO of a 400-bed hospital has scheduled a board of directors meeting to discuss the...

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Finance

The CEO of a 400-bed hospital has scheduled a board of directorsmeeting to discuss the current financial situation of the hospitaland steps that need to be done to correct some current problems.The CFO needs to send each board member an explanation of thefinancial statements that they will be discussing. You are theDirector 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 withinyour hospital and what information is available in each.
Make sure you explain each main components/section of eachstatement.
NOTE: You can develop your own set of statements or research andpull healthcare financial statements online.
PLEASE USE DETAILS AND EXAMPLES THAT HAVE NOT BEEN USED BEFORE.

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3.8 Ratings (517 Votes)

The 4 main statements used within a hospital are as follows Statement of profit or loss also known as comprehensive income statement This will show the incomes earned by the hospital from the See Answer

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The CEO of a 400-bed hospital has scheduled a board of directorsmeeting to discuss the current financial situation of the hospitaland steps that need to be done to correct some current problems.The CFO needs to send each board member an explanation of thefinancial statements that they will be discussing. You are theDirector 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 withinyour hospital and what information is available in each.Make sure you explain each main components/section of eachstatement.NOTE: You can develop your own set of statements or research andpull healthcare financial statements online.PLEASE USE DETAILS AND EXAMPLES THAT HAVE NOT BEEN USED BEFORE.