Health Care Case Study: Financial Statements

Introduction: In the summary you will read to a greater extent or less Patton-Fuller Community hospital (PFCH) and how the hospital uses audited and unaudited pecuniary statements, reviews their financial ratios, and the bloods among expenses and gross. Other beas of discussion are the different effects of tax sources on the financial reporting and how the Patton- Fuller residential district Hospitals statement deals with the revenue and thither expenses grouping. Audited Versus Unaudited fiscal narratives In the case of Patton-Fuller Community Hospital (PFCH), there are some differences that were set up in the audited reports (2). For example, in the Statement of Revenue and Expense, there was an additional provision provided for doubtful accounts which brought the win income from the black to the blushing(a) (2). The audited and unaudited Balance Sheets also differ due to an alteration found in the audit (2). Overall, the two reports were relatively con fining and request that there are good controls in note by the organizations over finances and financial reporting. The Financial Ratios The ratios did not better overall when comparing the unaudited data to the audited data. For example the daytimes 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 proceeds given the accompaniment that the DCOH decreased by one beneficial day. This would not be good information for the management or financial teams as the cash flow is decreasing by one day. In addition the quick ratio dropped a few points masking that the organization is becomin g less satisfactory to pay for the debt it ! is incurring. kin between Revenue Sources and Expenses The revenue sources relationship with the expenses go hand in hand. The net patient revenue extend discussed in the report by the chief financial officer showed with the cast up in revenue there was an increase in expenses. The determination is to keep expenses less then the...If you essential to get a full essay, order it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: How it works.