Complete the financial concepts worksheet

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Financial Concepts Worksheet

You work for a financial consulting firm, and one of your clients, Lauren Johnson, is exploring the possibility of opening a health care facility. She is unsure of the financial aspects associated with health care, though. You must provide her with relevant information and answer any questions she may have.

Lauren has sent you a document that contains ten financial concepts. She would like you to explain each in your own words, and to also include a brief explanation of how each is used in health care. Include a title page with the worksheet.

Complete the Financial Concepts Worksheet in 700 to 1,050 words.

Explain each financial concept in your own words.

In the table below, explain each financial concept in your own words. Also include a brief explanation of how each is used in health care.

Financial Concept

Explanation

How it is Used in Health Care

Quarterly Reporting

 

 

Revenue

 

 

Income Statement

 

 

Financial Planning

 

 

Financial Ratios

 

 

Balance Sheet

 

 

Chart of accounts

 

 

Expenses

 

 

General ledger

 

 

Nonprofit Organization

 

 

Reference no: EM131048413

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