Unit 5 Assignment:  Financial Statements Training and Education

Unit outcome(s) addressed in this Assignment:

• Describe the format and elements of a balance sheet, statement of operation, statement of changes in net assets, and statement of cash flows.

• Explain financial statement analysis.

• Discuss uses of financial information.

• Describe alternative in financial reporting. 

To help find information use the link below and use the 7-day free trail.  We are going over chapters 11 (Reporting Profits) and Chapter 12 (Reporting Assets, Financing, and Cash Flows).

http://www.chegg.com/textbooks/fundamentals-of-healthcare-finance-2nd-edition-9781567934755-1567934757

Instructions

Imagine that you have recently been promoted to the role of Chief Training and Education Officer for Health Care Systems, Inc., a regional not for profit hospital, with over 3,000 employees who serve all aspects of patient services.

In this new role, the CEO has asked to create a training module for all employees.  This training and education module will focus on the uses of financial statements to make effective decisions.

The CEO also requested that you include some educational information on how financial statements reflect an organization’s financial health.

When completing this Assignment, consider the following:

• What information is most important for the employees to understand? Ask yourself, “If I was an employee, what would I need to know and why?” 

• Consider how training and educating employees on the uses of financial statements may influence their everyday decisions. What information should the employees know? What is most important? 

• What kinds of examples can I provide to show the impact of financial statements on decision making? 

HS440 | Finance for Health Care Requirements  

The training module should be created as a PowerPoint® Presentation and should include an introduction to the concepts you will train the employees, examples of financial statements employees may encounter, examples of how to use these statements to guide decision making, and a conclusion that summarizes their training.

Assignment Requirements Points possible

Points earned by student

– Training Module includes a description of the balance sheet, the statement of operations and the income statement.  (0-75) 

– Training Module includes a description of the uses of financial statements. (0-75)

– Training Module includes visual components that support the text content. (0-50) 

– Training Module includes introduction and conclusion. (0-20)

– Report identifies the users of financial information and the role of finance in decision-making. (0-30) 

Total (250)     

Points deducted for spelling, grammar, and/or APA errors.