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HEALTH CARE FINANCIAL STATEMENTS

LEARNING OBJECTIVES

• Identify the four basic financial statements common to all organizations
• Identify and read the four basic financial statements particular to not-for-profit, business-oriented health care organizations: the balance sheet, the statement of operations, the statement of changes in net assets, and the statement of cash flows
Creditors, investors, and governmental and community agencies often require considerable information to make judgments about the financial performance of health care organizations. For instance, to decide whether to lend money to a home health agency, a lender may want to know how much debt the agency already has, how much cash it has available, and how much profit it ...

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