Financial Statements Assignment


A clear understanding a finance management (within any organization) is a key component to success. However, understanding the specific components of finance management can be complex. Therefore, it is essential that organizations clarify the specific components that lead to financial success. There are four main statements found within finance management. The balance sheet describes a specific period. Balance sheets highlight an organization’s assets, liabilities, and equity. A statement of operation reflects an organization’s revenue and expenses. The statement of changes in net assets is also an important aspect of finance management. “The statement of changes in net assets lists how equity changed during the period, and the statement of cash flows describes how cash was generated and used” (Cleverly, Song, & Cleverly, 2011, p. 198). Lastly, the note of financial structure describes (in detail) an organization’s structure, current practices, and financial standing. Defining each of these components is an essential aspect of organizational success. Otherwise, organizations will struggle defining where the facility stands financially.

Gloede, T. D., Pulm, J., Hammer, A., Ommen, O., Kowalski, C., Grob, S. E., & Pfaff, H. (2013). Interorganizational relationships and hospital financial performance: A resource-based perspective. Service Industries Journal, 33(13/14), 1260-1274.



Briefly summarize above article and how it relates to Healthcare, Provide examples.

Do you have a similar assignment/prompt? Let one of our professional writers take care of it. Place an order at Essaypanthers; pay only 50% of the order and send balance upon receiving your completed paper


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s