This Is Some Bullshit Issue

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Submitted By mikejones0069
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Health Care Case Study: Financial Statements
Health Care Case Study: Financial Statements
The paper is a health care case study on Patton-Fuller Community Hospital’s financial statements. The summary of the paper is a review on the annual report financial statements at Patton-Fuller Community Hospital. A discussion on how the audited and unedited financial statements differ. An explanation will be discussed on the financial ratios for the hospital improving. The relationship between revenue sources and expenses on Patton-Fuller’s financial performance will be discussed. The effect of revenue sources on financial reporting at the hospital will be discussed. The hospital’s revenues and expenses grouped for planning and controlling will be explained.
Audited & Unaudited Financial Statement Differences
The balance sheet for the Patton-Fuller Community Hospital for the years of 2009 and 2008 appear to have a differences or discrepancy of $1,000,000 in the patient accounts receivable. On the 2009 unaudited statement there was $59,787,000 and on the audited statement there was $58,787,000 which accounts for the $1,000,000 difference (Patton-Fuller Community Hospital, 2011). Additionally, on the Statement of Revenue and Expense for years 2009 and 2008 there was a discrepancy of $1,000,000 in 2009. The differences or discrepancy appeared on the provision for doubtful accounts. The unaudited report showed $13,797,000 and the audited report showed $14,797,000 which accounts for the $1,000,000 difference (Patton-Fuller Community Hospital, 2011). This makes the net income for the year 2009 $627,000 in the unaudited and 373,000 in the audited statement.
Financial Ratios for the Hospital Improving
A financial ratio is a relative magnitude of two selected numerical values taken from Patton-Fuller’s financial statements. There are many standard ratios that can be used to…...

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