(Solved) HCS/380 Accounting Investigation | Homework Solution
Accounting Investigation
Complete Parts 1 and 2 below as you prepare for the interview process. The recruiter wants to ensure your foundational knowledge of these documents and your familiarity on the key elements of each financial document.
Part 1: Financial Document Data Knowledge
Write a 100-word response for each of the 3 questions. Enter your response on a new line.
Don't use plagiarized sources. Get Your Custom Essay on
(Solved) HCS/380 Accounting Investigation | Homework Solution
Just from $13/Page
- What are the 4 main financial statements, what’s on them, and what they are used for?
- How does the data flow from the transaction (e.g. MRI scan) to financial statements? Use the following key terms in your response: transaction, journal entry, general ledger, financial statement. Accounting Investigation
- In the health care industry, who are some of the key internal and external users of financial statements? What are the main day-to-day business decisions made by using financial statements (e.g., eligibility for an external loan)? Get BUS 225 Project Four Homework Help!!
Part 2: Financial
Use the Stanford audited financial statements to complete the second column of the table below. Then use your knowledge from this course and add an example to complete the third column based on each provided line item.
| Financial document line item | Corresponding $ amount on the consolidated financial statement
(use the 2021 column) |
Example included in each line item |
| Example: Supplies | $968,544 | Medical supplies, pharmaceutical expenses |
| Cash and cash equivalents | ||
| Patient accounts receivables
Accounting Investigation |
||
| Prepaid expenses | ||
| Accounts payable and accrued liabilities | ||
| Property and equipment | ||
| Long-term debt | ||
| Net patient service revenue | ||
| Salaries and benefits | ||
| Depreciation and amortization
Accounting Investigation |
||
| Interest and investment income |
