Gathering Financial Information and Analysis, Financial Accounting

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

GuideStar https://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

Related Discussions:- Gathering Financial Information and Analysis

Writing a dissertation, I want to do a custom dissertation on IAS 40 invest...

I want to do a custom dissertation on IAS 40 investment property which needs to include a brief outline, positive as well as negative international critique with respect to the sta

Errors-financial period, Errors An error is an error discovered in the cu...

Errors An error is an error discovered in the current financial period but it relates to one or more previous financial periods. Such errors arise due to mathematical mistakes, m

Trustees remuneration-trusts laws and accounts, Trustees remuneration A...

Trustees remuneration A trustee may not receive remuneration except: 1. By order of the court, if the trust is very onerous or the services of the trustee very valuable;

Net present value evaluation of proposed investment, Q. Net present value e...

Q. Net present value evaluation of proposed investment? WORKINGS Fixed costs = 4·50 × 100000 = $450000 per year Annual writing down allowance = 3000000/10 = $300000

Calculate the initial selling price of the product, Question: (a) The f...

Question: (a) The following output levels and production costs have been recorded over the last three periods: Required: Using the high-low method, estimate the: (i

Calculate the expected return, A portfolio consists of the following three ...

A portfolio consists of the following three assets A, B and C. (a) Assuming a risk-free rate of 5.85 per cent and an expected return on the market of 13.60 per cent, calculate t

Explain briefly the role of computers in accounting, Q. Explain briefly the...

Q. Explain briefly the role of computers in accounting? Computers can be used as accounting machines and perform all the functions which accounting machines perform. Some of th

Define the term limited company- business ownership, Define the term Limite...

Define the term Limited company- business ownership Limited companies can range in size from quite small to very large. Number of individuals who subscribe capital and become

Financial institution, Financial Institution - Organization engaged in any ...

Financial Institution - Organization engaged in any of the many aspects of finance involving thrift institutions, commercial banks, securities brokers, investment banks and dealers

Accrual-based income statement for 2011, The Wanless Corporation provides I...

The Wanless Corporation provides Internet consulting services to a wide-range of customers. The company's fiscal year ends on December 31. For the year ended December 31, 2011, the

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd