Gathering Financial Information and Analysis, Financial Accounting

Many hospitals are classified as not-for-profit (NFP). The presentation of for-profit (FP) financial statements differs in several respects from NFP accounting. You will probably work for some NFP hospitals during your career and, therefore, you should understand some of the basic elements of NFP statements. In this assignment you will gather data for an FP and an NFP organization, identify the similarities and differences in data presentation, and report on those differences.

Select one FP and one NFP hospital. You must get your facilitator’s approval for both hospitals. Research the hospitals. Then, download and fill in the template with financial information for the FP hospital, the NFP hospital, and the SMH. You will use this information in subsequent sessions.

It is imperative that you ensure the quality of the data you collect. In the latter part of this assignment, you will carry out a quality control check on the data collected by other students.

Instructions for hospital selection and data gathering:

Use the following Web sites to gather financial data for publicly traded healthcare organizations:

MSN money (homepage). http://moneycentral.msn.com/investor/home.aspx
Investment tools. (n.d.). The Wall Street Journal, SmartMoney. Retrieved March 10, 2009, from http://www.smartmoney.com/tools/
You can obtain financial data for NFP facilities from the following site:

GuideStar http://www.guidestar.org/
The GuideStar Web site also presents financial data in the format of the IRS Form 990. You should become familiar with this form and learn where to find the income statement, balance sheet, and statement of cash flow.

Besides data for individual companies, the sites have benchmark data for various financial ratios for the hospital industry group. After you have identified the two organizations you will use, you can go directly to the organizations’ Web site and use the investor’s relation tab to acquire the latest financial data.

Your chosen NFP hospitals should have patient revenue between $700 and $1,500 million. You can refer to the annotated IRS Form 990 in the Doc Sharing area for assistance and explanatory notes.

You can visit the Internal Revenue Service (IRS) Web site and read instructions for Form 990 and Form 990-EZ. You can also refer to the Form 990 that is available at the Web site
Posted Date: 3/7/2013 9:35:09 AM | Location : United States







Related Discussions:- Gathering Financial Information and Analysis, Assignment Help, Ask Question on Gathering Financial Information and Analysis, Get Answer, Expert's Help, Gathering Financial Information and Analysis Discussions

Write discussion on Gathering Financial Information and Analysis
Your posts are moderated
Related Questions
Creditors' voluntary winding up    If no declaration of solvency is filed the winding up must take place under the control of the creditors. 1. Meeting of creditors : Th

Would you invest in a project that has a net investment of $14,600 and a single net cash flow of $24,900 in 5 years, if your required rate of return was 12 percent?


Monetary Policy Unlike fiscal policy, monetary policy is set by unelected officials. A group of economists is appointed by the executive branch and confirmed by the Senate to

1.Assume that Abel business corporation is purchasing new equipment, for 350,000$ at the beginning of 2014. Assume that Abel business corporation is in the 30% corporate tax bracke

Q. What is Capitalized Interest? Capitalized Interest - INTEREST cost incurred during time required to bring an ASSET tothe condition and location for its intended use and incl

CONSOLIDATED INCOME STATEMENT AND CONSOLIDATED STATEMENT OF CHANGES IN EQUITY     The consolidated income statement follows similar principles as those of the consolidated balanc

Q. What is Short Sale? Short Sale - Sale of an item before it is purchased. A person entering into a short sale believes that the price of item will decline between date of the

Question : The subsequent data pertain to a shop. The owner has made following sales forecasts for the first 5 months of the coming year.

1. To qualify as official development assistance (ODA), development loans must have a grant element of at least 25 percent, calculated using a stated annual interest rate of 10 per