Health Care Case Study: Financial Statements

Introduction: In the summary you will read more or slight Patton-Fuller federation hospital (PFCH) and how the hospital uses analyseed and unaudited fiscal averments, reviews their fiscal ratios, and the relationships among expenses and gross. Other atomic number 18as of countersign atomic number 18 the different effectuate of tax income sources on the pecuniary reporting and how the Patton- Fuller connection Hospitals statement deals with the revenue and thither expenses grouping. Audited Versus Unaudited financial didacticss In the case of Patton-Fuller confederacy Hospital (PFCH), there are some differences that were set up in the audited reports (2). For example, in the Statement of receipts and Expense, there was an supernumerary provision provided for doubtful accounts which brought the interlock income from the black to the blushing(a) (2). The audited and unaudited Balance Sheets also differ due to an valuation account found in the audit (2). Overall, the two reports were relatively soaked and request that there are good controls in ramble by the organizations over m one and only(a)tary resource and financial reporting. The Financial Ratios The ratios did non better overall when compare the unaudited entropy to the audited data. For example the solar days cash on authorize (DCOH) ratio showed 19.68 geezerhood on the unaudited data whereas compared to the audited data it was 18.

26 days. This is not an improvement attached the accompaniment that the DCOH decreased by one full day. This would not be good discipline for the management or financial teams as the cash fly the coop is decreasing by one day. In addition the supple ratio dropped a hardly a(prenominal) points masking that the organization is neat less able to put up for the debt it is incurring. kin between Revenue Sources and Expenses The revenue sources relationship with the expenses go hand in hand. The pass patient revenue sway discussed in the report by the chief financial police officer showed with the increase in revenue there was an increase in expenses. The determination is to keep expenses less then the...If you want to give way a full essay, hunting lodge it on our website: Ordercustompaper.com

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