INCOME STATEMENT ASSIGNMENT

Assignment of an Income Statement
Order Specifications
Visit the website of a hospital, health care system, or health insurance provider as part of this assignment. Find the organization’s financial statements by navigating the website.

Use the given outline form as a guide while you write a one-and-a-half to two-page paper answering the following questions. Instead of answering these questions numerically and in a list, please compose a well-organized paper using paragraphs. The document must follow APA formatting guidelines, be typed up to two spaces per line, and include the website address of the organization you choose for this assignment.

The first paragraph? Identify the organization you are studying and provide some background information about it in this area. Is the organization you chose a for-profit or a non-profit organization? How did you find out?
2. Body (explanation of the financial statement)? Write a few words describing the four different types of financial statements that are utilized in healthcare accounting and finance. What specific details can be found on each of these financial documents typically?
3. Body (examination of the income statement): Find the income statement for the medical facility, hospital, or health insurance provider you chose. This claim may also be referred to as the? Profit and Loss Statement. Describe the organization you chose’s total incoming revenue for the most recent fiscal year in a few paragraphs. How much did operating costs come to overall for the most recent fiscal year? What was the net income for the most recent fiscal year for the organization? Do the expenses seem to be proportionate to the income? If not, why not?
4. Body? What distinguishes the cash-basis approach of accounting from the accrual method in a single paragraph? Which accounting system did the company you studied employ?
5. Final Thoughts? Write a well-written paragraph outlining what you discovered after reading the financial statement portion of your organization’s website. Do they seem to be a generally healthy organization? Are there any issues with this organization that worry you, and if yes, what are they?
Your document should be saved in Rich Text Format (.rtf).
Order Specifications
Visit the website of a hospital, health care system, or health insurance provider as part of this assignment. Find the organization’s financial statements by navigating the website.

Use the given outline form as a guide while you write a one-and-a-half to two-page paper answering the following questions. Instead of answering these questions numerically and in a list, please compose a well-organized paper using paragraphs. The document must follow APA formatting guidelines, be typed up to two spaces per line, and include the website address of the organization you choose for this assignment.

The first paragraph? Identify the organization you are studying and provide some background information about it in this area. Is the organization you chose a for-profit or a non-profit organization? How did you find out?
2. Body (explanation of the financial statement)? Write a few words describing the four different types of financial statements that are utilized in healthcare accounting and finance. What specific details can be found on each of these financial documents typically?
3. Body (examination of the income statement): Find the income statement for the medical facility, hospital, or health insurance provider you chose. This claim may also be referred to as the? Profit and Loss Statement. Describe the organization you chose’s total incoming revenue for the most recent fiscal year in a few paragraphs. How much did operating costs come to overall for the most recent fiscal year? What was the net income for the most recent fiscal year for the organization? Do the expenses seem to be proportionate to the income? If not, why not?
4. Body? What distinguishes the cash-basis approach of accounting from the accrual method in a single paragraph? Which accounting system did the company you studied employ?
5. Final Thoughts? Write a well-written paragraph outlining what you discovered after reading the financial statement portion of your organization’s website. Do they seem to be a generally healthy organization? Are there any issues with this organization that worry you, and if yes, what are they?
Your document should be saved in Rich Text Format (.rtf).