Financial Statements


Four major financial statements (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders‘ equity.

List the four major financial statements and describe their major   components. 

Which statements are intended for internal audiences?   External audiences? 

?  What are generally accepted accounting principles (GAAP)? How are they   used? 

?  What are the four classifications of ratios and what do they measure? 

?  Why must the business of healthcare keep in touch with the human side of   healing? 

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