Define the basic terms associated with each of the key financial statements.

Define the basic terms associated with each of the key financial statements.

 Prepare basic financial statements.

 Analyze a balance sheet.

Course outcome(s) assessed in this Assignment:

Generate standard financial reports for use in financial and operational decision-making.

This Assignment has two parts. Be sure to complete both for full credit.

Part 1: Templates

Instructions:

Complete the following Excel template utilizing the figures located on pages 44, 45, and 46 in Chapter 5

of Accounting Fundamentals for Health Care Management. The images are also provided at the end of

this document for your convenience.

For help using Excel, view the Instructions page in the template. Submit the template to the Unit 2

Assignment Dropbox.

Part 2: Financial Statements

Instructions:

You will write a paper on two financial statements.

Chapter 12 contains a Statement of Financial Position (balance sheet), located on page 108, table 12-1.

Also, on page 114, table 12-3 contains the Statement of Operations.

Analyze both financial statements looking at the increases and decreases from the previous years, and

summarize your findings in a 250-500 word report.